38, FAIRFORD AVENUE, LUTON, LU2 7ER - £485,000

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.

38 FAIRFORD AVENUE is a very large extended detached house of 168m², built sometime between 1950 and 1966, which could now be worth an estimated £568,435. It was last sold for £485,000 in October 2019, which was around 23% above the average October 2019 detached price in the Luton local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

38 FAIRFORD AVENUE Sold Prices

Land registry data shows two sales for 38 FAIRFORD AVENUE 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 38 FAIRFORD AVENUE 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
2019 18 OCT	£485,000	£393,625	23% above HPI
1996 3 DEC	£107,500	£74,195	45% above HPI

38 FAIRFORD AVENUE 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 38 FAIRFORD AVENUE sales from December 1996 and October 2019 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 1996 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2019 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 38 FAIRFORD AVENUE be worth now?

38 FAIRFORD AVENUE might now be worth an estimated £568,435.

This is based on house price inflation of 17.2%, between October 2019 and February 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 17.2% inflationary increase is applied to the most recent sale price for 38 FAIRFORD AVENUE of £485,000 on 18th October 2019. For the value to have increased from £485,000 to £568,435 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 38 FAIRFORD AVENUE has moved in line with the HPI for detached houses in the Luton local authority area.
• The October 2019 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 38 FAIRFORD AVENUE has not materially changed since October 2019.

How Large is 38 FAIRFORD AVENUE?

38 FAIRFORD AVENUE is 168m², which includes four extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 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 38 FAIRFORD AVENUE lies on this distribution: 90% of detached houses houses are smaller than 38 FAIRFORD AVENUE, and 10% of houses are larger. Note that EPC data is not available for all properties in Luton.

38 FAIRFORD AVENUE: Plot and Title Map

38 FAIRFORD AVENUE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 38 FAIRFORD AVENUE, 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 38 FAIRFORD AVENUE). 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 38 FAIRFORD AVENUE?

38 FAIRFORD AVENUE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 38 on FAIRFORD AVENUE.