11, MARKHAM ROAD, LUTON, LU3 2BS - £835,000

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.

11 MARKHAM ROAD is a very small detached house of 64m², built sometime between 1930 and 1949, which could now be worth an estimated £842,734. It was last sold for £835,000 in May 2022, which was around 83% above the average May 2022 detached price in the Luton local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

11 MARKHAM ROAD Sold Prices

Land registry data shows two sales for 11 MARKHAM ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Luton local authority area for the corresponding sale date. One of the two 11 MARKHAM ROAD sales was for above the average price, whilst the other was 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
2022 16 MAY	£835,000	£457,107	83% above HPI
2019 12 SEP	£311,500	£391,715	20% below HPI

11 MARKHAM ROAD 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 two 11 MARKHAM ROAD sales from September 2019 and May 2022 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 September 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2022 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might 11 MARKHAM ROAD be worth now?

11 MARKHAM ROAD might now be worth an estimated £842,734.

This is based on house price inflation of 0.9%, between May 2022 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 0.9% inflationary increase is applied to the most recent sale price for 11 MARKHAM ROAD of £835,000 on 16th May 2022. For the value to have increased from £835,000 to £842,734 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 11 MARKHAM ROAD has moved in line with the HPI for detached houses in the Luton local authority area.
• The May 2022 sale price of £835,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MARKHAM ROAD has not materially changed since May 2022.

How Large is 11 MARKHAM ROAD?

11 MARKHAM ROAD is 64m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% 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 11 MARKHAM ROAD lies on this distribution: 3% of detached houses houses are smaller than 11 MARKHAM ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Luton.

11 MARKHAM ROAD: Plot and Title Map

11 MARKHAM ROAD sits on a plot of roughly 0.197 of an acre, or 798m². The below map shows the location of 11 MARKHAM ROAD, 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 11 MARKHAM ROAD). 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 11 MARKHAM ROAD?

11 MARKHAM ROAD is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 11 on MARKHAM ROAD.