3, CHALLNEY CLOSE, LUTON, LU4 9TF - £191,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 CHALLNEY CLOSE is a very small detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £224,950. It was last sold for £191,000 in September 2019, which was around 51% below the average September 2019 detached price in the Luton local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was D.

3 CHALLNEY CLOSE Sold Prices

Land registry data shows two sales for 3 CHALLNEY 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 3 CHALLNEY 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
2019 24 SEP	£191,000	£391,715	51% below HPI
2017 25 AUG	£328,000	£398,560	18% below HPI

3 CHALLNEY 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 3 CHALLNEY CLOSE sales from August 2017 and September 2019 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 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2019 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 3 CHALLNEY CLOSE be worth now?

3 CHALLNEY CLOSE might now be worth an estimated £224,950.

This is based on house price inflation of 17.8%, between September 2019 and February 2025, for detached houses, in the Luton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.8% inflationary increase is applied to the most recent sale price for 3 CHALLNEY CLOSE of £191,000 on 24th September 2019. For the value to have increased from £191,000 to £224,950 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 CHALLNEY CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The September 2019 sale price of £191,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHALLNEY CLOSE has not materially changed since September 2019.

How Large is 3 CHALLNEY CLOSE?

3 CHALLNEY CLOSE is 76m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses houses in Luton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Luton, and where 3 CHALLNEY CLOSE lies on this distribution: 10% of detached houses houses are smaller than 3 CHALLNEY CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 CHALLNEY CLOSE: Plot and Title Map

3 CHALLNEY CLOSE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 3 CHALLNEY 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 3 CHALLNEY 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 3 CHALLNEY CLOSE?

3 CHALLNEY CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 3 on CHALLNEY CLOSE.