24, POLEGATE, LUTON, LU2 8AJ - £305,000

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

24 POLEGATE is a very small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £305,000 in April 2017, which was around 22% below the average April 2017 detached price in the Luton local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

24 POLEGATE Sold Prices

Land registry data shows two sales for 24 POLEGATE 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 24 POLEGATE 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
2017 13 APR	£305,000	£390,399	22% below HPI
2000 17 JAN	£43,500	£114,038	62% below HPI

24 POLEGATE 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 24 POLEGATE sales from January 2000 and April 2017 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 2000 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the April 2017 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 24 POLEGATE?

24 POLEGATE is 80m² according to the EPC inspection conducted in March 2019. 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 24 POLEGATE lies on this distribution: 14% of detached houses are smaller than 24 POLEGATE, and 85% of houses are larger. Note that EPC data is not available for all properties in Luton.

24 POLEGATE: Plot and Title Map

24 POLEGATE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 24 POLEGATE, 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 POLEGATE). 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 POLEGATE?

24 POLEGATE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 24 on POLEGATE.