1, MARKFIELD CLOSE, LUTON, LU3 2HY - £275,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 MARKFIELD CLOSE is a very small semi-detached house of 74m², built sometime between 1976 and 1982. It was last sold for £275,000 in November 2019, which was around 30% below the average November 2019 detached price in the Luton local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

1 MARKFIELD CLOSE Sold Prices

Land registry data shows four sales for 1 MARKFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the four 1 MARKFIELD 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
2019 29 NOV	£275,000	£394,735	30% below HPI
2015 20 OCT	£238,000	£328,400	28% below HPI
2013 18 OCT	£186,000	£254,329	27% below HPI
1998 2 OCT	£79,500	£93,748	15% below HPI

1 MARKFIELD 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 four 1 MARKFIELD CLOSE sales between October 1998 and November 2019 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 October 2015 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 1 MARKFIELD CLOSE?

1 MARKFIELD CLOSE is 74m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% 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 MARKFIELD CLOSE lies on this distribution: 8% of detached houses are smaller than 1 MARKFIELD CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Luton.

1 MARKFIELD CLOSE: Plot and Title Map

1 MARKFIELD CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 1 MARKFIELD 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 MARKFIELD 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 MARKFIELD CLOSE?

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