10, OVING CLOSE, LUTON, LU2 9RN - £120,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

10 OVING CLOSE is a very small semi-detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £245,507. It was last sold for £120,000 in March 2005, which was around 25% below the average March 2005 semi-detached price in the Luton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

10 OVING CLOSE Sold Prices

Land registry data shows two sales for 10 OVING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. One of the two 10 OVING CLOSE sales was for below the average price, whilst the other was for above 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
2005 31 MAR	£120,000	£159,388	25% below HPI
1998 12 NOV	£67,750	£59,060	15% above HPI

10 OVING CLOSE 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 two 10 OVING CLOSE sales from November 1998 and March 2005 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 November 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the March 2005 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 10 OVING CLOSE be worth now?

10 OVING CLOSE might now be worth an estimated £245,507.

This is based on house price inflation of 104.6%, between March 2005 and December 2024, 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 104.6% inflationary increase is applied to the most recent sale price for 10 OVING CLOSE of £120,000 on 31st March 2005. For the value to have increased from £120,000 to £245,507 over the eighteen years and three months to December 2024, the following assumptions must hold true:

• The value of 10 OVING CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The March 2005 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 10 OVING CLOSE has not materially changed since March 2005.

How Large is 10 OVING CLOSE?

10 OVING CLOSE is 75m² according to the EPC inspection conducted in July 2020. 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 10 OVING CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 10 OVING CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Luton.

10 OVING CLOSE: Plot and Title Map

10 OVING CLOSE sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of 10 OVING 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 10 OVING 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 10 OVING CLOSE?

10 OVING CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 10 on OVING CLOSE.