FLAT 1, GREAT DOWNS, 2B, DOWNS ROAD, LUTON, LU1 1QD - £146,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FLAT 1 GREAT DOWNS is a very small flat of 36m², built sometime between 2003 and 2006, which could now be worth an estimated £141,456. It was last sold for £146,000 in April 2022, which was around 11% below the average April 2022 flat price in the Luton local authority area. The most recent EPC inspection was December 2009, where the current energy rating was D, and the potential energy rating was B.

FLAT 1 GREAT DOWNS Sold Prices

Land registry data shows three sales for FLAT 1 GREAT DOWNS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Luton local authority area for the corresponding sale date. All of the three FLAT 1 GREAT DOWNS sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 1 APR	£146,000	£164,099	11% below HPI
2012 29 MAY	£66,000	£98,146	33% below HPI
2008 18 APR	£112,000	£118,932	6% below HPI

What might FLAT 1 GREAT DOWNS be worth now?

FLAT 1 GREAT DOWNS might now be worth an estimated £141,456.

This is based on house price deflation of 3.1%, between April 2022 and April 2026, for flats, in the Luton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.1% deflationary decrease is applied to the most recent sale price for FLAT 1 GREAT DOWNS of £146,000 on 1st April 2022. For the value to have decreased from £146,000 to £141,456 over the four years to April 2026, the following assumptions must hold true:

• The value of FLAT 1 GREAT DOWNS has moved in line with the HPI for flats in the Luton local authority area.
• The April 2022 sale price of £146,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 1 GREAT DOWNS has not materially changed since April 2022.

How Large is FLAT 1 GREAT DOWNS?

FLAT 1 GREAT DOWNS is 36m² according to the EPC inspection conducted in December 2009. This puts it in the smallest 20% of flats in Luton, based on EPC data. 13% of flats are smaller than FLAT 1 GREAT DOWNS, and 87% of flats are larger. Note that EPC data is not available for all properties in Luton.

FLAT 1 GREAT DOWNS: Plot

FLAT 1 GREAT DOWNS sits on a plot of roughly 0.108 of an acre, or 436m².

Where is FLAT 1 GREAT DOWNS?

FLAT 1, GREAT DOWNS is located on DOWNS ROAD in LUTON, in the LU1 postcode district.