12, MARKFIELD CLOSE, LUTON, LU3 2HY - £197,500

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.

12 MARKFIELD CLOSE is a midsized extended detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £445,835. It was last sold for £197,500 in January 2003, which was around 3% below the average January 2003 detached price in the Luton local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

12 MARKFIELD CLOSE Sold Prices

Land registry data shows two sales for 12 MARKFIELD CLOSE 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 12 MARKFIELD 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
2003 31 JAN	£197,500	£204,369	3% below HPI
2000 31 JAN	£124,950	£113,369	10% above HPI

12 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 two 12 MARKFIELD CLOSE sales from January 2000 and January 2003 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 2000 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the January 2003 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 12 MARKFIELD CLOSE be worth now?

12 MARKFIELD CLOSE might now be worth an estimated £445,835.

This is based on house price inflation of 125.7%, between January 2003 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 125.7% inflationary increase is applied to the most recent sale price for 12 MARKFIELD CLOSE of £197,500 on 31st January 2003. For the value to have increased from £197,500 to £445,835 over the 21 years and eleven months to February 2025, the following assumptions must hold true:

• The value of 12 MARKFIELD CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The January 2003 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 12 MARKFIELD CLOSE has not materially changed since January 2003.

How Large is 12 MARKFIELD CLOSE?

12 MARKFIELD CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 50% 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 12 MARKFIELD CLOSE lies on this distribution: 41% of detached houses houses are smaller than 12 MARKFIELD CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Luton.

12 MARKFIELD CLOSE: Plot and Title Map

12 MARKFIELD CLOSE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 12 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 12 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 12 MARKFIELD CLOSE?

12 MARKFIELD CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 12 on MARKFIELD CLOSE.