17, THE MAGPIES, LUTON, LU2 7XT - £505,000

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

17 THE MAGPIES is a midsized extended detached house of 116m², built sometime between 1983 and 1990. It was last sold for £505,000 in June 2022, which was around 9% above the average June 2022 detached price in the Luton local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

17 THE MAGPIES Sold Prices

Land registry data shows four sales for 17 THE MAGPIES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Most of the four 17 THE MAGPIES 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
2022 10 JUN	£505,000	£462,709	9% above HPI
2016 20 OCT	£350,000	£379,634	8% below HPI
2004 23 APR	£244,995	£225,126	9% above HPI
1999 9 AUG	£117,000	£103,228	13% above HPI

17 THE MAGPIES 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 four 17 THE MAGPIES sales between August 1999 and June 2022 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 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 17 THE MAGPIES?

17 THE MAGPIES is 116m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 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 17 THE MAGPIES lies on this distribution: 59% of detached houses are smaller than 17 THE MAGPIES, and 40% of houses are larger. Note that EPC data is not available for all properties in Luton.

17 THE MAGPIES: Plot and Title Map

17 THE MAGPIES sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 17 THE MAGPIES, 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 17 THE MAGPIES). 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 17 THE MAGPIES?

17 THE MAGPIES is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 17 on THE MAGPIES.