15, LAVENDER CLOSE, LUTON, LU2 7GD - £375,000

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

15 LAVENDER CLOSE is a small extended detached house of 99m², built sometime between 1983 and 1990. It was last sold for £375,000 in January 2021, which was around 25% below the average January 2021 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

15 LAVENDER CLOSE Sold Prices

Land registry data shows five sales for 15 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the five 15 LAVENDER CLOSE 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
2021 22 JAN	£375,000	£501,528	25% below HPI
2013 5 JUL	£249,995	£325,028	23% below HPI
2005 4 MAR	£226,000	£290,294	22% below HPI
2001 25 MAY	£162,500	£188,382	14% below HPI
1998 27 MAR	£105,995	£124,541	15% below HPI

15 LAVENDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The five 15 LAVENDER CLOSE sales between March 1998 and January 2021 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 July 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 15 LAVENDER CLOSE?

15 LAVENDER CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 15 LAVENDER CLOSE lies on this distribution: 38% of detached houses are smaller than 15 LAVENDER CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Luton.

15 LAVENDER CLOSE: Plot and Title Map

15 LAVENDER CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 15 LAVENDER 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 15 LAVENDER 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 15 LAVENDER CLOSE?

15 LAVENDER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 15 on LAVENDER CLOSE.