3, SUSSEX PLACE, LUTON, LU2 9TH - £440,000

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

3 SUSSEX PLACE is a large extended detached house of 135m², built sometime between 1976 and 1982. It was last sold for £440,000 in August 2022, which was around 7% below the average August 2022 detached price in the Luton local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

3 SUSSEX PLACE Sold Prices

Land registry data shows three sales for 3 SUSSEX PLACE 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. One of the three 3 SUSSEX PLACE sales was for below the average price, whilst two were 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
2022 17 AUG	£440,000	£472,518	7% below HPI
2000 17 JUL	£145,000	£129,675	12% above HPI
1998 25 NOV	£119,995	£93,419	28% above HPI

3 SUSSEX PLACE 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 3 SUSSEX PLACE sales between November 1998 and August 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 July 2000 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 3 SUSSEX PLACE?

3 SUSSEX PLACE is 135m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 30% 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 SUSSEX PLACE lies on this distribution: 77% of detached houses are smaller than 3 SUSSEX PLACE, and 22% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 SUSSEX PLACE: Plot and Title Map

3 SUSSEX PLACE sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 3 SUSSEX PLACE, 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 SUSSEX PLACE). 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 SUSSEX PLACE?

3 SUSSEX PLACE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 3 on SUSSEX PLACE.