2, ELVINGTON GARDENS, LUTON, LU3 4ET - £425,000

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.

2 ELVINGTON GARDENS is a large detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £499,950. It was last sold for £425,000 in February 2020, which was around 8% above the average February 2020 detached price in the Luton local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was C.

2 ELVINGTON GARDENS Sold Prices

Land registry data shows two sales for 2 ELVINGTON GARDENS 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 2 ELVINGTON GARDENS 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
2020 20 FEB	£425,000	£392,179	8% above HPI
2004 8 OCT	£247,000	£235,563	5% above HPI

2 ELVINGTON GARDENS 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 2 ELVINGTON GARDENS sales from October 2004 and February 2020 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 October 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2020 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 2 ELVINGTON GARDENS be worth now?

2 ELVINGTON GARDENS might now be worth an estimated £499,950.

This is based on house price inflation of 17.6%, between February 2020 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 17.6% inflationary increase is applied to the most recent sale price for 2 ELVINGTON GARDENS of £425,000 on 20th February 2020. For the value to have increased from £425,000 to £499,950 over the five years to February 2025, the following assumptions must hold true:

• The value of 2 ELVINGTON GARDENS has moved in line with the HPI for detached houses in the Luton local authority area.
• The February 2020 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELVINGTON GARDENS has not materially changed since February 2020.

How Large is 2 ELVINGTON GARDENS?

2 ELVINGTON GARDENS is 122m² according to the EPC inspection conducted in November 2019. This puts it in the largest 40% 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 2 ELVINGTON GARDENS lies on this distribution: 65% of detached houses houses are smaller than 2 ELVINGTON GARDENS, and 34% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 ELVINGTON GARDENS: Plot and Title Map

2 ELVINGTON GARDENS sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 2 ELVINGTON GARDENS, 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 2 ELVINGTON GARDENS). 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 2 ELVINGTON GARDENS?

2 ELVINGTON GARDENS is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 2 on ELVINGTON GARDENS.