15, REDMIRE CLOSE, LUTON, LU4 9DX - £150,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 REDMIRE CLOSE is a very small semi-detached house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £290,191. It was last sold for £150,000 in July 2012, which was around 10% below the average July 2012 semi-detached price in the Luton local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

15 REDMIRE CLOSE Sold Prices

Land registry data shows three sales for 15 REDMIRE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the three 15 REDMIRE 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
2012 6 JUL	£150,000	£166,386	10% below HPI
2011 27 MAY	£140,000	£158,116	11% below HPI
2005 4 MAR	£133,000	£159,388	17% below HPI

15 REDMIRE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The three 15 REDMIRE CLOSE sales between March 2005 and July 2012 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 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2012 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 15 REDMIRE CLOSE be worth now?

15 REDMIRE CLOSE might now be worth an estimated £290,191.

This is based on house price inflation of 93.5%, between July 2012 and February 2025, for semi-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 93.5% inflationary increase is applied to the most recent sale price for 15 REDMIRE CLOSE of £150,000 on 6th July 2012. For the value to have increased from £150,000 to £290,191 over the thirteen years and five months to February 2025, the following assumptions must hold true:

• The value of 15 REDMIRE CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The July 2012 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 15 REDMIRE CLOSE has not materially changed since July 2012.

How Large is 15 REDMIRE CLOSE?

15 REDMIRE CLOSE is 54m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 15 REDMIRE CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 15 REDMIRE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

15 REDMIRE CLOSE: Plot and Title Map

15 REDMIRE CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 15 REDMIRE 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 REDMIRE 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 REDMIRE CLOSE?

15 REDMIRE CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 15 on REDMIRE CLOSE.