37, VERDE CLOSE, LUTON, LU2 7FL - £372,000

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.

37 VERDE CLOSE is a midsized detached house of 105m², which could now be worth an estimated £359,985. It was last sold for £372,000 in November 2022, which was around 22% below the average November 2022 detached price in the Luton local authority area. The most recent EPC inspection was December 2015, where the current energy rating was B, and the potential energy rating was A.

37 VERDE CLOSE Sold Prices

Land registry data shows two sales for 37 VERDE 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 37 VERDE 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
2022 7 NOV	£372,000	£478,862	22% below HPI
2015 23 DEC	£275,000	£336,821	18% below HPI

37 VERDE 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 37 VERDE CLOSE sales from December 2015 and November 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 December 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 37 VERDE CLOSE be worth now?

37 VERDE CLOSE might now be worth an estimated £359,985.

This is based on house price deflation of 3.2%, between November 2022 and March 2025, 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 3.2% deflationary decrease is applied to the most recent sale price for 37 VERDE CLOSE of £372,000 on 7th November 2022. For the value to have decreased from £372,000 to £359,985 over the three years and eight months to March 2025, the following assumptions must hold true:

• The value of 37 VERDE CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The November 2022 sale price of £372,000 represented a fair market value for the property.
• The size, condition, and specification of 37 VERDE CLOSE has not materially changed since November 2022.

How Large is 37 VERDE CLOSE?

37 VERDE CLOSE is 105m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 50% 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 37 VERDE CLOSE lies on this distribution: 46% of detached houses houses are smaller than 37 VERDE CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Luton.

37 VERDE CLOSE: Plot and Title Map

37 VERDE CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 37 VERDE 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 37 VERDE 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 37 VERDE CLOSE?

37 VERDE CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 37 on VERDE CLOSE.