2, LORIMER CLOSE, LUTON, LU2 7RL - £465,000

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 LORIMER CLOSE is a large extended detached house of 117m², built sometime between 1991 and 1995. It was last sold for £465,000 in May 2023, which was about the average May 2023 detached price in the Luton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 LORIMER CLOSE Sold Prices

Land registry data shows three sales for 2 LORIMER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. The three 2 LORIMER CLOSE sales were a mix of roughly equal to the average price, and 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
2023 12 MAY	£465,000	£465,533	Close to HPI
2011 8 JUL	£274,000	£242,513	13% above HPI
2000 1 SEP	£168,000	£132,084	27% above HPI

2 LORIMER CLOSE 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 three 2 LORIMER CLOSE sales between September 2000 and May 2023 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 July 2011 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 2 LORIMER CLOSE?

2 LORIMER CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in July 2020. 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 2 LORIMER CLOSE lies on this distribution: 60% of detached houses are smaller than 2 LORIMER CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 LORIMER CLOSE: Plot and Title Map

2 LORIMER CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 2 LORIMER 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 LORIMER 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 LORIMER CLOSE?

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