1, DERWENT AVENUE, LUTON, LU3 2DX - £185,000

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 DERWENT AVENUE is a very small semi-detached house of 43m², built sometime between 1930 and 1949, which could now be worth an estimated £314,530. It was last sold for £185,000 in October 2014, which was around 3% below the average October 2014 semi-detached price in the Luton local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

1 DERWENT AVENUE Sold Prices

Land registry data shows three sales for 1 DERWENT AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the three 1 DERWENT AVENUE 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
2014 17 OCT	£185,000	£190,846	3% below HPI
2008 22 AUG	£125,000	£177,362	30% below HPI
2001 9 MAR	£85,000	£86,103	1% below HPI

1 DERWENT AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The three 1 DERWENT AVENUE sales between March 2001 and October 2014 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 August 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2014 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 DERWENT AVENUE be worth now?

1 DERWENT AVENUE might now be worth an estimated £314,530.

This is based on house price inflation of 70%, between October 2014 and March 2025, for semi-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 70% inflationary increase is applied to the most recent sale price for 1 DERWENT AVENUE of £185,000 on 17th October 2014. For the value to have increased from £185,000 to £314,530 over the eleven years and seven months to March 2025, the following assumptions must hold true:

• The value of 1 DERWENT AVENUE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The October 2014 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 1 DERWENT AVENUE has not materially changed since October 2014.

How Large is 1 DERWENT AVENUE?

1 DERWENT AVENUE is 43m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 10% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 1 DERWENT AVENUE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 1 DERWENT AVENUE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 DERWENT AVENUE: Plot and Title Map

1 DERWENT AVENUE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 1 DERWENT AVENUE, 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 DERWENT AVENUE). 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 DERWENT AVENUE?

1 DERWENT AVENUE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 1 on DERWENT AVENUE.