2, NEEDHAM ROAD, LUTON, LU4 9HD - £400,000

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 NEEDHAM ROAD is a large extended detached house of 117m², built sometime between 1950 and 1966, which could now be worth an estimated £413,545. It was last sold for £400,000 in July 2024, which was around 10% below the average July 2024 detached price in the Luton local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

2 NEEDHAM ROAD Sold Prices

Land registry data shows two sales for 2 NEEDHAM ROAD 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 NEEDHAM 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
2024 12 JUL	£400,000	£446,230	10% below HPI
2022 10 MAR	£270,000	£454,363	41% below HPI

2 NEEDHAM 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 two 2 NEEDHAM ROAD sales from March 2022 and July 2024 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 March 2022 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2024 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 NEEDHAM ROAD be worth now?

2 NEEDHAM ROAD might now be worth an estimated £413,545.

This is based on house price inflation of 3.4%, between July 2024 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 3.4% inflationary increase is applied to the most recent sale price for 2 NEEDHAM ROAD of £400,000 on 12th July 2024. For the value to have increased from £400,000 to £413,545 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of 2 NEEDHAM ROAD has moved in line with the HPI for detached houses in the Luton local authority area.
• The July 2024 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NEEDHAM ROAD has not materially changed since July 2024.

How Large is 2 NEEDHAM ROAD?

2 NEEDHAM ROAD is 117m², which includes one extension, according to the EPC inspection conducted in October 2021. 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 NEEDHAM ROAD lies on this distribution: 60% of detached houses houses are smaller than 2 NEEDHAM ROAD, and 39% of houses are larger. Note that EPC data is not available for all properties in Luton.

2 NEEDHAM ROAD: Plot and Title Map

2 NEEDHAM ROAD sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 2 NEEDHAM 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 NEEDHAM 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 NEEDHAM ROAD?

2 NEEDHAM ROAD is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 2 on NEEDHAM ROAD.