FLAT 7, GREAT DOWNS, 2B, DOWNS ROAD, LUTON, LU1 1QD - £138,000

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 7 GREAT DOWNS is a very small flat of 34m², built sometime between 2003 and 2006, which could now be worth an estimated £127,674. It was last sold for £138,000 in October 2022, which was around 20% below the average October 2022 flat price in the Luton local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was C.

FLAT 7 GREAT DOWNS Sold Prices

Land registry data shows two sales for FLAT 7 GREAT DOWNS 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. One of the two FLAT 7 GREAT DOWNS sales was for below the average price, whilst the other was roughly equal to 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 7 OCT	£138,000	£171,851	20% below HPI
2006 22 MAY	£108,000	£108,243	Close to HPI

What might FLAT 7 GREAT DOWNS be worth now?

FLAT 7 GREAT DOWNS might now be worth an estimated £127,674.

This is based on house price deflation of 7.5%, between October 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 7.5% deflationary decrease is applied to the most recent sale price for FLAT 7 GREAT DOWNS of £138,000 on 7th October 2022. For the value to have decreased from £138,000 to £127,674 over the four years and six months to April 2026, the following assumptions must hold true:

• The value of FLAT 7 GREAT DOWNS has moved in line with the HPI for flats in the Luton local authority area.
• The October 2022 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 7 GREAT DOWNS has not materially changed since October 2022.

How Large is FLAT 7 GREAT DOWNS?

FLAT 7 GREAT DOWNS is 34m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of flats in Luton, based on EPC data. 11% of flats are smaller than FLAT 7 GREAT DOWNS, and 88% of flats are larger. Note that EPC data is not available for all properties in Luton.

FLAT 7 GREAT DOWNS: Plot

FLAT 7 GREAT DOWNS sits on a plot of roughly 0.108 of an acre, or 436m².

Where is FLAT 7 GREAT DOWNS?

FLAT 7, GREAT DOWNS is located on DOWNS ROAD in LUTON, in the LU1 postcode district.