25, OVING CLOSE, LUTON, LU2 9RN - £115,000

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

25 OVING CLOSE is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £115,000 in May 2001, which was around 19% below the average May 2001 detached price in the Luton local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

25 OVING CLOSE Sold Prices

Land registry data shows two sales for 25 OVING CLOSE 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 25 OVING CLOSE 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
2001 4 MAY	£115,000	£141,284	19% below HPI
1997 13 JAN	£72,000	£74,290	3% below HPI

25 OVING 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 two 25 OVING CLOSE sales from January 1997 and May 2001 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 1997 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2001 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 25 OVING CLOSE?

25 OVING CLOSE is 90m², which includes three extensions, according to the EPC inspection conducted in April 2023. 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 25 OVING CLOSE lies on this distribution: 26% of detached houses are smaller than 25 OVING CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Luton.

25 OVING CLOSE: Plot and Title Map

25 OVING CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 25 OVING 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 25 OVING 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 25 OVING CLOSE?

25 OVING CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 25 on OVING CLOSE.