29, COLWELL RISE, LUTON, LU2 9TJ - £425,000

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

29 COLWELL RISE is a midsized detached house of 102m², built sometime between 1967 and 1975. It was last sold for £425,000 in January 2022, which was around 7% below the average January 2022 detached price in the Luton local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

29 COLWELL RISE Sold Prices

Land registry data shows five sales for 29 COLWELL RISE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the five 29 COLWELL RISE 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
2022 13 JAN	£425,000	£458,718	7% below HPI
2015 8 MAY	£260,000	£300,139	13% below HPI
2005 13 APR	£209,000	£231,118	10% below HPI
2003 18 JUN	£192,500	£217,237	11% below HPI
2000 6 JUL	£125,000	£129,675	4% below HPI

29 COLWELL RISE 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 five 29 COLWELL RISE sales between July 2000 and January 2022 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 May 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 29 COLWELL RISE?

29 COLWELL RISE is 102m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 50% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 29 COLWELL RISE lies on this distribution: 42% of detached houses are smaller than 29 COLWELL RISE, and 57% of houses are larger. Note that EPC data is not available for all properties in Luton.

29 COLWELL RISE: Plot and Title Map

29 COLWELL RISE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 29 COLWELL RISE, 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 29 COLWELL RISE). 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 29 COLWELL RISE?

29 COLWELL RISE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 29 on COLWELL RISE.