18, THE CLOSE, LUTON, LU3 2LR - £350,000

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 THE CLOSE is a midsized extended semi-detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £359,296. It was last sold for £350,000 in May 2022, which was around 12% above the average May 2022 semi-detached price in the Luton local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

18 THE CLOSE Sold Prices

Land registry data shows three sales for 18 THE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. Two of the three 18 THE CLOSE sales were for above the average price, whilst one was 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 9 MAY	£350,000	£313,564	12% above HPI
2019 31 MAY	£275,000	£267,506	3% above HPI
2006 2 JUN	£155,000	£162,663	5% below HPI

18 THE CLOSE 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 three 18 THE CLOSE sales between June 2006 and May 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 2019 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 18 THE CLOSE be worth now?

18 THE CLOSE might now be worth an estimated £359,296.

This is based on house price inflation of 2.7%, between May 2022 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 2.7% inflationary increase is applied to the most recent sale price for 18 THE CLOSE of £350,000 on 9th May 2022. For the value to have increased from £350,000 to £359,296 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 18 THE CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The May 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE CLOSE has not materially changed since May 2022.

How Large is 18 THE CLOSE?

18 THE CLOSE is 106m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% 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 THE CLOSE lies on this distribution: 47% of semi-detached houses houses are smaller than 18 THE CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 THE CLOSE: Plot and Title Map

18 THE CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 18 THE 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 THE 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 THE CLOSE?

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