2, MARKHAM ROAD, LUTON, LU3 2BS - £305,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 MARKHAM ROAD is a small extended semi-detached house of 90m², built sometime between 1930 and 1949. It was last sold for £305,000 in November 2020, which was around 25% below the average November 2020 detached price in the Luton local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

2 MARKHAM ROAD Sold Prices

Land registry data shows four sales for 2 MARKHAM ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the four 2 MARKHAM ROAD 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
2020 19 NOV	£305,000	£408,460	25% below HPI
2014 13 JAN	£208,000	£255,820	19% below HPI
2006 7 JUN	£197,000	£234,365	16% below HPI
2005 8 AUG	£192,000	£234,357	18% below HPI

2 MARKHAM ROAD 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 four 2 MARKHAM ROAD sales between August 2005 and November 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 January 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 MARKHAM ROAD?

2 MARKHAM ROAD is 90m², which includes one extension, according to the EPC inspection conducted in October 2024. This puts it in the smallest 30% 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 MARKHAM ROAD lies on this distribution: 26% of detached houses are smaller than 2 MARKHAM ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 MARKHAM ROAD: Plot and Title Map

2 MARKHAM ROAD sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 2 MARKHAM ROAD, 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 MARKHAM ROAD). 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 MARKHAM ROAD?

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