36, LORIMER CLOSE, LUTON, LU2 7RL - £243,000

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

36 LORIMER CLOSE is a large extended detached house of 140m², built sometime between 1996 and 2002. It was last sold for £243,000 in December 2012, which was around 1% below the average December 2012 detached price in the Luton local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

36 LORIMER CLOSE Sold Prices

Land registry data shows four sales for 36 LORIMER 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 Luton local authority area for the corresponding sale date. two of the four 36 LORIMER CLOSE sales were for below the average price, and four 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
2012 14 DEC	£243,000	£244,625	1% below HPI
2003 3 OCT	£187,500	£218,350	14% below HPI
1998 15 DEC	£107,000	£94,486	13% above HPI
1996 20 DEC	£89,950	£74,633	21% above HPI

36 LORIMER 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 four 36 LORIMER CLOSE sales between December 1996 and December 2012 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 October 2003 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2012 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 36 LORIMER CLOSE?

36 LORIMER CLOSE is 140m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 20% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 36 LORIMER CLOSE lies on this distribution: 80% of detached houses are smaller than 36 LORIMER CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Luton.

36 LORIMER CLOSE: Plot and Title Map

36 LORIMER CLOSE sits on a plot of roughly 0.092 of an acre, or 370m². The below map shows the location of 36 LORIMER 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 36 LORIMER 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 36 LORIMER CLOSE?

36 LORIMER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 36 on LORIMER CLOSE.