18, POLEGATE, LUTON, LU2 8AJ - £300,000

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

18 POLEGATE is a large extended detached house of 127m², built sometime between 1976 and 1982. It was last sold for £300,000 in June 2015, which was around 2% below the average June 2015 detached price in the Luton local authority area. The most recent EPC inspection was December 2008, where the current energy rating was D, and the potential energy rating was C.

18 POLEGATE Sold Prices

Land registry data shows two sales for 18 POLEGATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Both of the two 18 POLEGATE 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
2015 5 JUN	£300,000	£304,780	2% below HPI
2009 10 AUG	£215,000	£222,428	3% below HPI

18 POLEGATE 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 two 18 POLEGATE sales from August 2009 and June 2015 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 August 2009 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2015 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 18 POLEGATE?

18 POLEGATE is 127m², which includes one extension, according to the EPC inspection conducted in December 2008. 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 18 POLEGATE lies on this distribution: 70% of detached houses are smaller than 18 POLEGATE, and 30% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 POLEGATE: Plot and Title Map

18 POLEGATE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 18 POLEGATE, 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 POLEGATE). 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 POLEGATE?

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