31, ELMWOOD CRESCENT, LUTON, LU2 7HX - £410,000

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.

31 ELMWOOD CRESCENT is a small semi-detached house of 90m², built sometime between 1900 and 1929, which could now be worth an estimated £401,414. It was last sold for £410,000 in September 2022, which was around 25% above the average September 2022 semi-detached price in the Luton local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

31 ELMWOOD CRESCENT Sold Prices

Land registry data shows four sales for 31 ELMWOOD CRESCENT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the four 31 ELMWOOD CRESCENT sales 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 30 SEP	£410,000	£328,777	25% above HPI
2015 16 JAN	£268,250	£191,565	40% above HPI
2012 20 APR	£220,000	£163,162	35% above HPI
2002 10 SEP	£169,000	£117,619	44% above HPI

31 ELMWOOD CRESCENT Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The four 31 ELMWOOD CRESCENT sales between September 2002 and September 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 January 2015 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2022 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 31 ELMWOOD CRESCENT be worth now?

31 ELMWOOD CRESCENT might now be worth an estimated £401,414.

This is based on house price deflation of 2.1%, between September 2022 and February 2025, for semi-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 2.1% deflationary decrease is applied to the most recent sale price for 31 ELMWOOD CRESCENT of £410,000 on 30th September 2022. For the value to have decreased from £410,000 to £401,414 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 31 ELMWOOD CRESCENT has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The September 2022 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 31 ELMWOOD CRESCENT has not materially changed since September 2022.

How Large is 31 ELMWOOD CRESCENT?

31 ELMWOOD CRESCENT is 90m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 31 ELMWOOD CRESCENT lies on this distribution: 26% of semi-detached houses houses are smaller than 31 ELMWOOD CRESCENT, and 73% of houses are larger. Note that EPC data is not available for all properties in Luton.

31 ELMWOOD CRESCENT: Plot and Title Map

31 ELMWOOD CRESCENT sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 31 ELMWOOD CRESCENT, 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 31 ELMWOOD CRESCENT). 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 31 ELMWOOD CRESCENT?

31 ELMWOOD CRESCENT is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 31 on ELMWOOD CRESCENT.