18, GRASMERE AVENUE, LUTON, LU3 2DU - £150,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

18 GRASMERE AVENUE is a very small semi-detached house of 62m², built sometime between 1950 and 1966, which could now be worth an estimated £297,429. It was last sold for £150,000 in December 2009, which was around 8% below the average December 2009 semi-detached price in the Luton local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

18 GRASMERE AVENUE Sold Prices

Land registry data shows two sales for 18 GRASMERE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. Both of the two 18 GRASMERE AVENUE 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
2009 18 DEC	£150,000	£162,337	8% below HPI
2004 30 JUL	£142,500	£154,283	8% below HPI

18 GRASMERE AVENUE 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 two 18 GRASMERE AVENUE sales from July 2004 and December 2009 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 July 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2009 sale, which was also at 8% below the HPI.

What might 18 GRASMERE AVENUE be worth now?

18 GRASMERE AVENUE might now be worth an estimated £297,429.

This is based on house price inflation of 98.3%, between December 2009 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 98.3% inflationary increase is applied to the most recent sale price for 18 GRASMERE AVENUE of £150,000 on 18th December 2009. For the value to have increased from £150,000 to £297,429 over the sixteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 18 GRASMERE AVENUE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The December 2009 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GRASMERE AVENUE has not materially changed since December 2009.

How Large is 18 GRASMERE AVENUE?

18 GRASMERE AVENUE is 62m² according to the EPC inspection conducted in March 2011. 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 18 GRASMERE AVENUE lies on this distribution: 3% of semi-detached houses houses are smaller than 18 GRASMERE AVENUE, and 97% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 GRASMERE AVENUE: Plot and Title Map

18 GRASMERE AVENUE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 18 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 18 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 18 GRASMERE AVENUE?

18 GRASMERE AVENUE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 18 on GRASMERE AVENUE.