16, GREENRIGGS, LUTON, LU2 9TQ - £470,000

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

16 GREENRIGGS is a very large detached house of 172m², built sometime between 1976 and 1982. It was last sold for £470,000 in October 2020, which was around 17% above the average October 2020 detached price in the Luton local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was C.

16 GREENRIGGS Sold Prices

Land registry data shows five sales for 16 GREENRIGGS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the five 16 GREENRIGGS sales were 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
2020 27 OCT	£470,000	£402,658	17% above HPI
2015 8 DEC	£420,000	£338,808	24% above HPI
2006 10 APR	£250,000	£232,570	7% above HPI
2002 23 JUL	£199,995	£171,835	16% above HPI
2000 28 APR	£159,995	£118,602	35% above HPI

16 GREENRIGGS 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 five 16 GREENRIGGS sales between April 2000 and October 2020 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 December 2015 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2020 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 16 GREENRIGGS?

16 GREENRIGGS is 172m² according to the EPC inspection conducted in January 2016. This puts it in the largest 10% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 16 GREENRIGGS lies on this distribution: 91% of detached houses are smaller than 16 GREENRIGGS, and 9% of houses are larger. Note that EPC data is not available for all properties in Luton.

16 GREENRIGGS: Plot and Title Map

16 GREENRIGGS sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 16 GREENRIGGS, 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 16 GREENRIGGS). 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 16 GREENRIGGS?

16 GREENRIGGS is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 16 on GREENRIGGS.