16, LAVENDER CLOSE, LUTON, LU2 7GD - £296,500

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 LAVENDER CLOSE is a large extended detached house of 139m², built sometime between 1983 and 1990. It was last sold for £296,500 in June 2014, which was around 15% below the average June 2014 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

16 LAVENDER CLOSE Sold Prices

Land registry data shows two sales for 16 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. Both of the two 16 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
2014 13 JUN	£296,500	£350,511	15% below HPI
2006 14 SEP	£249,995	£309,647	19% below HPI

16 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 two 16 LAVENDER CLOSE sales from September 2006 and June 2014 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 September 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2014 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 16 LAVENDER CLOSE?

16 LAVENDER CLOSE is 139m², which includes three extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 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 16 LAVENDER CLOSE lies on this distribution: 79% of detached houses are smaller than 16 LAVENDER CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Luton.

16 LAVENDER CLOSE: Plot and Title Map

16 LAVENDER CLOSE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 16 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 16 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 16 LAVENDER CLOSE?

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