15A, GRASMERE AVENUE, LUTON, LU3 2DU - £265,000

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

15A GRASMERE AVENUE is a very small detached house of 79m², built sometime between 2003 and 2006. It was last sold for £265,000 in July 2011, which was around 10% above the average July 2011 detached price in the Luton local authority area. The most recent EPC inspection was July 2010, where the current energy rating was C, and the potential energy rating was C.

15A GRASMERE AVENUE Sold Prices

Land registry data shows two sales for 15A GRASMERE AVENUE 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 15A GRASMERE AVENUE sales was for above the average price, whilst the other was 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
2011 15 JUL	£265,000	£241,091	10% above HPI
2002 2 OCT	£140,000	£190,884	27% below HPI

15A GRASMERE AVENUE 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 15A GRASMERE AVENUE sales from October 2002 and July 2011 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 October 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2011 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 15A GRASMERE AVENUE be worth now?

15A GRASMERE AVENUE might now be worth an estimated £512,993.

This is based on house price inflation of 93.6%, between July 2011 and December 2024, 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 93.6% inflationary increase is applied to the most recent sale price for 15A GRASMERE AVENUE of £265,000 on 15th July 2011. For the value to have increased from £265,000 to £512,993 over the twelve years and seven months to December 2024, the following assumptions must hold true:

• The value of 15A GRASMERE AVENUE has moved in line with the HPI for detached houses in the Luton local authority area.
• The July 2011 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 15A GRASMERE AVENUE has not materially changed since July 2011.

How Large is 15A GRASMERE AVENUE?

15A GRASMERE AVENUE is 79m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% 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 15A GRASMERE AVENUE lies on this distribution: 14% of detached houses houses are smaller than 15A GRASMERE AVENUE, and 86% of houses are larger. Note that EPC data is not available for all properties in Luton.

15A GRASMERE AVENUE: Plot and Title Map

15A GRASMERE AVENUE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 15A GRASMERE AVENUE, 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 15A GRASMERE AVENUE). 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 15A GRASMERE AVENUE?

15A GRASMERE AVENUE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 15A on GRASMERE AVENUE.