40, LORIMER CLOSE, LUTON, LU2 7RL - £299,950

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

40 LORIMER CLOSE is a large detached house of 117m², built sometime between 1983 and 1990. It was last sold for £299,950 in March 2016, which was around 15% below the average March 2016 detached price in the Luton local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

40 LORIMER CLOSE Sold Prices

Land registry data shows five sales for 40 LORIMER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Luton local authority area for the corresponding sale date. Most of the five 40 LORIMER 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
2016 31 MAR	£299,950	£354,468	15% below HPI
2013 8 MAR	£237,500	£245,823	3% below HPI
2007 21 MAR	£240,000	£250,999	4% below HPI
2001 24 AUG	£152,000	£145,678	4% above HPI
1996 29 NOV	£87,950	£75,344	17% above HPI

40 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 five 40 LORIMER CLOSE sales between November 1996 and March 2016 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 March 2013 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 40 LORIMER CLOSE?

40 LORIMER CLOSE is 117m² according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 40 LORIMER CLOSE lies on this distribution: 60% of detached houses are smaller than 40 LORIMER CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Luton.

40 LORIMER CLOSE: Plot and Title Map

40 LORIMER CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 40 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 40 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 40 LORIMER CLOSE?

40 LORIMER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 40 on LORIMER CLOSE.