3, WISEMAN CLOSE, LUTON, LU2 7GE - £366,000

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 WISEMAN CLOSE is a small extended detached house of 97m², built sometime between 1996 and 2002. It was last sold for £366,000 in March 2016, which was around 16% below the average March 2016 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

3 WISEMAN CLOSE Sold Prices

Land registry data shows four sales for 3 WISEMAN 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 Central Bedfordshire local authority area for the corresponding sale date. Most of the four 3 WISEMAN 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
2016 24 MAR	£366,000	£438,009	16% below HPI
2007 17 AUG	£274,000	£336,363	19% below HPI
2003 8 AUG	£211,000	£270,759	22% below HPI
1997 16 MAY	£114,995	£110,200	4% above HPI

3 WISEMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The four 3 WISEMAN CLOSE sales between May 1997 and March 2016 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 WISEMAN CLOSE?

3 WISEMAN CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% 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 WISEMAN CLOSE lies on this distribution: 35% of detached houses are smaller than 3 WISEMAN CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Luton.

3 WISEMAN CLOSE: Plot and Title Map

3 WISEMAN CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 3 WISEMAN 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 WISEMAN 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 WISEMAN CLOSE?

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