FLAT 2, THE HEIGHTS, MARSH ROAD, LUTON, LU3 2RT - £49,500

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 2 THE HEIGHTS is a small flat of 40m², built sometime between 1983 and 1990, which could now be worth an estimated £142,879. It was last sold for £49,500 in May 2001, which was around 10% below the average May 2001 flat price in the Luton local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

FLAT 2 THE HEIGHTS Sold Prices

Land registry data shows two sales for FLAT 2 THE HEIGHTS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Luton local authority area for the corresponding sale date. Both of the two FLAT 2 THE HEIGHTS 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
2001 8 MAY	£49,500	£54,904	10% below HPI
1998 21 AUG	£25,250	£36,229	30% below HPI

What might FLAT 2 THE HEIGHTS be worth now?

FLAT 2 THE HEIGHTS might now be worth an estimated £142,879.

This is based on house price inflation of 188.6%, between May 2001 and May 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 188.6% inflationary increase is applied to the most recent sale price for FLAT 2 THE HEIGHTS of £49,500 on 8th May 2001. For the value to have increased from £49,500 to £142,879 over the 25 years to May 2026, the following assumptions must hold true:

• The value of FLAT 2 THE HEIGHTS has moved in line with the HPI for flats in the Luton local authority area.
• The May 2001 sale price of £49,500 represented a fair market value for the property.
• The size, condition, and specification of FLAT 2 THE HEIGHTS has not materially changed since May 2001.

How Large is FLAT 2 THE HEIGHTS?

FLAT 2 THE HEIGHTS is 40m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 30% of flats in Luton, based on EPC data. 21% of flats are smaller than FLAT 2 THE HEIGHTS, and 77% of flats are larger. Note that EPC data is not available for all properties in Luton.

FLAT 2 THE HEIGHTS: Plot

FLAT 2 THE HEIGHTS sits on a plot of roughly 0.193 of an acre, or 781m².

Where is FLAT 2 THE HEIGHTS?

FLAT 2, THE HEIGHTS is located on MARSH ROAD in LUTON, in the LU3 postcode district.