24, MARKFIELD CLOSE, LUTON, LU3 2HY - £267,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

24 MARKFIELD CLOSE is a very small semi-detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £319,782. It was last sold for £267,000 in June 2018, which was around 2% below the average June 2018 semi-detached price in the Luton local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was C.

24 MARKFIELD CLOSE Sold Prices

Land registry data shows four sales for 24 MARKFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. Most of the four 24 MARKFIELD CLOSE 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
2018 25 JUN	£267,000	£272,267	2% below HPI
2017 1 DEC	£289,097	£274,663	5% above HPI
2002 9 AUG	£134,995	£113,816	19% above HPI
1997 19 SEP	£71,500	£54,089	32% above HPI

24 MARKFIELD CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The four 24 MARKFIELD CLOSE sales between September 1997 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 December 2017 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2018 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 24 MARKFIELD CLOSE be worth now?

24 MARKFIELD CLOSE might now be worth an estimated £319,782.

This is based on house price inflation of 19.8%, between June 2018 and December 2024, for semi-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 19.8% inflationary increase is applied to the most recent sale price for 24 MARKFIELD CLOSE of £267,000 on 25th June 2018. For the value to have increased from £267,000 to £319,782 over the five years and six months to December 2024, the following assumptions must hold true:

• The value of 24 MARKFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The June 2018 sale price of £267,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MARKFIELD CLOSE has not materially changed since June 2018.

How Large is 24 MARKFIELD CLOSE?

24 MARKFIELD CLOSE is 84m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 24 MARKFIELD CLOSE lies on this distribution: 18% of semi-detached houses houses are smaller than 24 MARKFIELD CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Luton.

24 MARKFIELD CLOSE: Plot and Title Map

24 MARKFIELD CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 24 MARKFIELD 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 24 MARKFIELD 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 24 MARKFIELD CLOSE?

24 MARKFIELD CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 24 on MARKFIELD CLOSE.