116, OAKLEY ROAD, LUTON, LU4 9PZ - £355,000

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

116 OAKLEY ROAD is a midsized extended detached house of 114m², built sometime between 1930 and 1949. It was last sold for £355,000 in August 2017, which was around 11% below the average August 2017 detached price in the Luton local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was C.

116 OAKLEY ROAD Sold Prices

Land registry data shows two sales for 116 OAKLEY 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. Both of the two 116 OAKLEY ROAD 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
2017 29 AUG	£355,000	£400,911	11% below HPI
2008 18 JAN	£250,000	£270,089	7% below HPI

116 OAKLEY 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 116 OAKLEY ROAD sales from January 2008 and August 2017 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 January 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 116 OAKLEY ROAD?

116 OAKLEY ROAD is 114m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 50% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 116 OAKLEY ROAD lies on this distribution: 57% of detached houses are smaller than 116 OAKLEY ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Luton.

116 OAKLEY ROAD: Plot and Title Map

116 OAKLEY ROAD sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 116 OAKLEY 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 116 OAKLEY 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 116 OAKLEY ROAD?

116 OAKLEY ROAD is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 116 on OAKLEY ROAD.