2, LAVENDER CLOSE, LUTON, LU2 7GD - £250,000

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

2 LAVENDER CLOSE is a very small extended detached house of 78m², built sometime between 1991 and 1995. It was last sold for £250,000 in June 2018, which was around 50% below the average June 2018 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

2 LAVENDER CLOSE Sold Prices

Land registry data shows four sales for 2 LAVENDER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the four 2 LAVENDER 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
2018 27 JUN	£250,000	£498,133	50% below HPI
2004 20 AUG	£200,000	£285,383	30% below HPI
1999 8 SEP	£112,000	£148,337	24% below HPI
1996 4 NOV	£72,000	£103,766	31% below HPI

2 LAVENDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The four 2 LAVENDER CLOSE sales between November 1996 and June 2018 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 2004 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the June 2018 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 2 LAVENDER CLOSE?

2 LAVENDER CLOSE is 78m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the smallest 20% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 2 LAVENDER CLOSE lies on this distribution: 12% of detached houses are smaller than 2 LAVENDER CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 LAVENDER CLOSE: Plot and Title Map

2 LAVENDER CLOSE sits on a plot of roughly 0.047 of an acre, or 188m². The below map shows the location of 2 LAVENDER 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 2 LAVENDER 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 2 LAVENDER CLOSE?

2 LAVENDER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 2 on LAVENDER CLOSE.