18, MULLION CLOSE, LUTON, LU2 7XF - £220,000

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 MULLION CLOSE is a very small detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £220,346. It was last sold for £220,000 in July 2022, which was around 52% below the average July 2022 detached price in the Luton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

18 MULLION CLOSE Sold Prices

Land registry data shows three sales for 18 MULLION CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 18 MULLION 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
2022 8 JUL	£220,000	£460,617	52% below HPI
2010 18 MAY	£125,000	£241,022	48% below HPI
2004 11 JUN	£99,950	£223,565	55% below HPI

18 MULLION CLOSE 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 three 18 MULLION CLOSE sales between June 2004 and July 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 May 2010 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the July 2022 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 18 MULLION CLOSE be worth now?

18 MULLION CLOSE might now be worth an estimated £220,346.

This is based on house price inflation of 0.2%, between July 2022 and February 2025, 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 0.2% inflationary increase is applied to the most recent sale price for 18 MULLION CLOSE of £220,000 on 8th July 2022. For the value to have increased from £220,000 to £220,346 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 18 MULLION CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The July 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MULLION CLOSE has not materially changed since July 2022.

How Large is 18 MULLION CLOSE?

18 MULLION CLOSE is 59m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% 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 18 MULLION CLOSE lies on this distribution: 2% of detached houses houses are smaller than 18 MULLION CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 MULLION CLOSE: Plot and Title Map

18 MULLION CLOSE sits on a plot of roughly 1.4 acres, or 5,575m². The below map shows the location of 18 MULLION 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 18 MULLION 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 18 MULLION CLOSE?

18 MULLION CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 18 on MULLION CLOSE.