32, MORRELL CLOSE, LUTON, LU3 3XB - £300,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

32 MORRELL CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £362,178. It was last sold for £300,000 in July 2020, which was around 22% below the average July 2020 detached price in the Luton local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

32 MORRELL CLOSE Sold Prices

Land registry data shows two sales for 32 MORRELL 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 32 MORRELL 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
2020 10 JUL	£300,000	£386,585	22% below HPI
2016 1 FEB	£255,000	£346,905	26% below HPI

32 MORRELL 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 32 MORRELL CLOSE sales from February 2016 and July 2020 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 February 2016 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 32 MORRELL CLOSE be worth now?

32 MORRELL CLOSE might now be worth an estimated £362,178.

This is based on house price inflation of 20.7%, between July 2020 and December 2024, 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 20.7% inflationary increase is applied to the most recent sale price for 32 MORRELL CLOSE of £300,000 on 10th July 2020. For the value to have increased from £300,000 to £362,178 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 32 MORRELL CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The July 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 32 MORRELL CLOSE has not materially changed since July 2020.

How Large is 32 MORRELL CLOSE?

32 MORRELL CLOSE is 74m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% 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 32 MORRELL CLOSE lies on this distribution: 8% of detached houses houses are smaller than 32 MORRELL CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Luton.

32 MORRELL CLOSE: Plot and Title Map

32 MORRELL CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 32 MORRELL 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 32 MORRELL 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 32 MORRELL CLOSE?

32 MORRELL CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 32 on MORRELL CLOSE.