4, CROMER WAY, LUTON, LU2 7EE - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 CROMER WAY is a midsized extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £425,000 in November 2022, which was around 12% below the average November 2022 detached price in the Luton local authority area. The most recent EPC inspection was May 2017, where the current energy rating was E, and the potential energy rating was C.

4 CROMER WAY Sold Prices

Land registry data shows two sales for 4 CROMER WAY 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. One of the two 4 CROMER WAY sales was for below the average price, whilst the other was 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 18 NOV	£425,000	£481,687	12% below HPI
2001 7 FEB	£160,000	£137,249	17% above HPI

4 CROMER WAY 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 4 CROMER WAY sales from February 2001 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 February 2001 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2022 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 CROMER WAY?

4 CROMER WAY is 109m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 50% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 4 CROMER WAY lies on this distribution: 51% of detached houses are smaller than 4 CROMER WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Luton.

4 CROMER WAY: Plot and Title Map

4 CROMER WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 4 CROMER WAY, 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 4 CROMER WAY). 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 4 CROMER WAY?

4 CROMER WAY is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 4 on CROMER WAY.