3, CICERO DRIVE, LUTON, LU3 4DA - £205,000

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

3 CICERO DRIVE is a very small extended detached house of 75m², built sometime between 1983 and 1990. It was last sold for £205,000 in August 2011, which was around 16% below the average August 2011 detached price in the Luton local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

3 CICERO DRIVE Sold Prices

Land registry data shows two sales for 3 CICERO DRIVE 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. One of the two 3 CICERO DRIVE sales was for below the average price, whilst the other was for above 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
2011 26 AUG	£205,000	£243,084	16% below HPI
1998 30 APR	£89,995	£87,632	3% above HPI

3 CICERO DRIVE 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 CICERO DRIVE sales from April 1998 and August 2011 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 April 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2011 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 CICERO DRIVE?

3 CICERO DRIVE is 75m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 3 CICERO DRIVE lies on this distribution: 10% of detached houses are smaller than 3 CICERO DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 CICERO DRIVE: Plot and Title Map

3 CICERO DRIVE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 3 CICERO DRIVE, 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 CICERO DRIVE). 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 CICERO DRIVE?

3 CICERO DRIVE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 3 on CICERO DRIVE.