28, MORRELL CLOSE, LUTON, LU3 3XB - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 MORRELL CLOSE is a large extended detached house of 118m², built sometime between 1983 and 1990. It was last sold for £425,000 in June 2021, which was around 3% above the average June 2021 detached price in the Luton local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

28 MORRELL CLOSE Sold Prices

Land registry data shows three sales for 28 MORRELL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Two of the three 28 MORRELL CLOSE sales were for above the average price, whilst one was 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
2021 28 JUN	£425,000	£411,652	3% above HPI
1998 30 JAN	£92,995	£87,332	6% above HPI
1995 18 AUG	£72,500	£74,562	3% below HPI

28 MORRELL 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 three 28 MORRELL CLOSE sales between August 1995 and June 2021 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 1998 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 28 MORRELL CLOSE?

28 MORRELL CLOSE is 118m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 28 MORRELL CLOSE lies on this distribution: 61% of detached houses are smaller than 28 MORRELL CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Luton.

28 MORRELL CLOSE: Plot and Title Map

28 MORRELL CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 28 MORRELL 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 28 MORRELL 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 28 MORRELL CLOSE?

28 MORRELL CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 28 on MORRELL CLOSE.