11, POLEGATE, LUTON, LU2 8AJ - £260,000

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

11 POLEGATE is a very small detached house of 82m², built sometime between 1976 and 1982. It was last sold for £260,000 in March 2016, which was around 27% below the average March 2016 detached price in the Luton local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

11 POLEGATE Sold Prices

Land registry data shows three sales for 11 POLEGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 11 POLEGATE 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
2016 24 MAR	£260,000	£354,468	27% below HPI
2005 27 MAY	£183,000	£232,835	21% below HPI
1998 27 JUL	£87,500	£91,460	4% below HPI

11 POLEGATE 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 three 11 POLEGATE sales between July 1998 and March 2016 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 May 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the March 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 11 POLEGATE?

11 POLEGATE is 82m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 20% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 11 POLEGATE lies on this distribution: 16% of detached houses are smaller than 11 POLEGATE, and 84% of houses are larger. Note that EPC data is not available for all properties in Luton.

11 POLEGATE: Plot and Title Map

11 POLEGATE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 11 POLEGATE, 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 POLEGATE). 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 POLEGATE?

11 POLEGATE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 11 on POLEGATE.