1, FURZE CLOSE, LUTON, LU2 7UB - £398,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FURZE CLOSE is a small detached house of 93m², built sometime between 1983 and 1990. It was last sold for £398,000 in September 2021, which was around 22% below the average September 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

1 FURZE CLOSE Sold Prices

Land registry data shows three sales for 1 FURZE 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 Central Bedfordshire local authority area for the corresponding sale date. All of the three 1 FURZE 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
2021 28 SEP	£398,000	£513,019	22% below HPI
1999 26 FEB	£122,500	£131,984	7% below HPI
1997 10 OCT	£118,000	£121,709	3% below HPI

1 FURZE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three 1 FURZE CLOSE sales between October 1997 and September 2021 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 February 1999 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 1 FURZE CLOSE?

1 FURZE CLOSE is 93m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 1 FURZE CLOSE lies on this distribution: 30% of detached houses are smaller than 1 FURZE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 FURZE CLOSE: Plot and Title Map

1 FURZE CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 1 FURZE 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 FURZE 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 FURZE CLOSE?

1 FURZE CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 1 on FURZE CLOSE.