1, CHALLNEY CLOSE, LUTON, LU4 9TF - £249,000

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.

1 CHALLNEY CLOSE is a midsized extended detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £372,240. It was last sold for £249,000 in July 2015, which was around 19% below the average July 2015 detached price in the Luton local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was B.

1 CHALLNEY CLOSE Sold Prices

Land registry data shows three sales for 1 CHALLNEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 1 CHALLNEY CLOSE 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
2015 24 JUL	£249,000	£308,602	19% below HPI
2014 12 MAR	£176,000	£256,943	32% below HPI
2007 2 MAR	£185,000	£249,527	26% below HPI

1 CHALLNEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Luton local authority area over time, sourced from the HPI. The three 1 CHALLNEY CLOSE sales between March 2007 and July 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2015 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 1 CHALLNEY CLOSE be worth now?

1 CHALLNEY CLOSE might now be worth an estimated £372,240.

This is based on house price inflation of 49.5%, between July 2015 and February 2025, for detached houses, in the Luton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.5% inflationary increase is applied to the most recent sale price for 1 CHALLNEY CLOSE of £249,000 on 24th July 2015. For the value to have increased from £249,000 to £372,240 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 1 CHALLNEY CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The July 2015 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHALLNEY CLOSE has not materially changed since July 2015.

How Large is 1 CHALLNEY CLOSE?

1 CHALLNEY CLOSE is 110m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the largest 50% of detached houses houses in Luton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luton, and where 1 CHALLNEY CLOSE lies on this distribution: 52% of detached houses houses are smaller than 1 CHALLNEY CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 CHALLNEY CLOSE: Plot and Title Map

1 CHALLNEY CLOSE sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of 1 CHALLNEY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 CHALLNEY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 CHALLNEY CLOSE?

1 CHALLNEY CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 1 on CHALLNEY CLOSE.