42, LORIMER CLOSE, LUTON, LU2 7RL - £200,000

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

42 LORIMER CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £200,000 in July 2012, which was around 18% below the average July 2012 detached price in the Luton local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

42 LORIMER CLOSE Sold Prices

Land registry data shows three sales for 42 LORIMER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. The three 42 LORIMER CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2012 2 JUL	£200,000	£244,883	18% below HPI
1998 29 SEP	£94,000	£94,247	Close to HPI
1996 28 JUN	£76,950	£72,916	6% above HPI

42 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 three 42 LORIMER CLOSE sales between June 1996 and July 2012 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 September 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2012 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 42 LORIMER CLOSE?

42 LORIMER CLOSE is 72m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 42 LORIMER CLOSE lies on this distribution: 7% of detached houses are smaller than 42 LORIMER CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Luton.

42 LORIMER CLOSE: Plot and Title Map

42 LORIMER CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 42 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 42 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 42 LORIMER CLOSE?

42 LORIMER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 42 on LORIMER CLOSE.