29, MORRELL CLOSE, LUTON, LU3 3XB - £320,000

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

29 MORRELL CLOSE is a midsized extended detached house of 101m², built sometime between 1983 and 1990. It was last sold for £320,000 in August 2018, which was around 21% below the average August 2018 detached price in the Luton local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

29 MORRELL CLOSE Sold Prices

Land registry data shows four sales for 29 MORRELL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the four 29 MORRELL 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
2018 28 AUG	£320,000	£406,977	21% below HPI
2007 24 AUG	£225,000	£262,000	14% below HPI
2001 6 AUG	£134,500	£145,678	8% below HPI
1996 19 JAN	£70,000	£73,379	5% below HPI

29 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 four 29 MORRELL CLOSE sales between January 1996 and August 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 August 2007 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 29 MORRELL CLOSE?

29 MORRELL CLOSE is 101m², which includes two extensions, according to the EPC inspection conducted in March 2018. 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 MORRELL CLOSE lies on this distribution: 41% of detached houses are smaller than 29 MORRELL CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Luton.

29 MORRELL CLOSE: Plot and Title Map

29 MORRELL CLOSE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 29 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 29 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 29 MORRELL CLOSE?

29 MORRELL CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 29 on MORRELL CLOSE.