18, THE MAGPIES, LUTON, LU2 7XT - £176,000

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 THE MAGPIES is a large detached house of 120m², built sometime between 1983 and 1990. It was last sold for £176,000 in December 2000, which was around 29% above the average December 2000 detached price in the Luton local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

18 THE MAGPIES Sold Prices

Land registry data shows two sales for 18 THE MAGPIES 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 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
2000 14 DEC	£176,000	£136,896	29% above HPI
1996 20 DEC	£117,000	£74,633	57% above HPI

18 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 two 18 THE MAGPIES sales from December 1996 and December 2000 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 December 1996 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the December 2000 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 18 THE MAGPIES?

18 THE MAGPIES is 120m² according to the EPC inspection conducted in July 2012. 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 18 THE MAGPIES lies on this distribution: 63% of detached houses are smaller than 18 THE MAGPIES, and 36% of houses are larger. Note that EPC data is not available for all properties in Luton.

18 THE MAGPIES: Plot and Title Map

18 THE MAGPIES sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 18 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 18 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 18 THE MAGPIES?

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