41, ELVEDEN CLOSE, LUTON, LU2 7FF - £196,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

41 ELVEDEN CLOSE is a very small extended semi-detached house of 40m², built sometime between 1991 and 1995, which could now be worth an estimated £220,730. It was last sold for £196,500 in August 2021, which was around 32% below the average August 2021 semi-detached price in the Luton local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

41 ELVEDEN CLOSE Sold Prices

Land registry data shows five sales for 41 ELVEDEN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the five 41 ELVEDEN 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
2021 3 AUG	£196,500	£290,294	32% below HPI
2020 5 JUN	£192,500	£267,595	28% below HPI
2017 29 AUG	£188,500	£271,926	31% below HPI
2010 28 JAN	£117,000	£162,924	28% below HPI
2000 23 MAY	£58,000	£78,307	26% below HPI

41 ELVEDEN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The five 41 ELVEDEN CLOSE sales between May 2000 and August 2021 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 June 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2021 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 41 ELVEDEN CLOSE be worth now?

41 ELVEDEN CLOSE might now be worth an estimated £220,730.

This is based on house price inflation of 12.3%, between August 2021 and December 2024, for semi-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 12.3% inflationary increase is applied to the most recent sale price for 41 ELVEDEN CLOSE of £196,500 on 3rd August 2021. For the value to have increased from £196,500 to £220,730 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of 41 ELVEDEN CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The August 2021 sale price of £196,500 represented a fair market value for the property.
• The size, condition, and specification of 41 ELVEDEN CLOSE has not materially changed since August 2021.

How Large is 41 ELVEDEN CLOSE?

41 ELVEDEN CLOSE is 40m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 41 ELVEDEN CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 41 ELVEDEN CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Luton.

41 ELVEDEN CLOSE: Plot and Title Map

41 ELVEDEN CLOSE sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 41 ELVEDEN 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 41 ELVEDEN 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 41 ELVEDEN CLOSE?

41 ELVEDEN CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 41 on ELVEDEN CLOSE.