12, MEES CLOSE, LUTON, LU3 4AZ - £185,000

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

12 MEES CLOSE is a small detached house of 88m², built sometime between 1983 and 1990. It was last sold for £185,000 in January 2003, which was around 10% below the average January 2003 detached price in the Luton local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

12 MEES CLOSE Sold Prices

Land registry data shows three sales for 12 MEES CLOSE 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. Two of the three 12 MEES CLOSE sales were for below the average price, whilst one 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 13 JAN	£185,000	£205,575	10% below HPI
2000 5 MAY	£110,000	£123,160	11% below HPI
1997 21 NOV	£94,000	£86,681	8% above HPI

12 MEES 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 three 12 MEES CLOSE sales between November 1997 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 May 2000 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the January 2003 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 12 MEES CLOSE?

12 MEES CLOSE is 88m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 12 MEES CLOSE lies on this distribution: 23% of detached houses are smaller than 12 MEES CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Luton.

12 MEES CLOSE: Plot and Title Map

12 MEES CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 12 MEES 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 MEES 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 MEES CLOSE?

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