43, BROAD MEAD, LUTON, LU3 1RX - £350,000

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

43 BROAD MEAD is a large detached house of 124m², built sometime between 1900 and 1929. It was last sold for £350,000 in January 2023, which was around 27% below the average January 2023 detached price in the Luton local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was B.

43 BROAD MEAD Sold Prices

Land registry data shows three sales for 43 BROAD MEAD 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. All of the three 43 BROAD MEAD 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
2023 18 JAN	£350,000	£476,589	27% below HPI
1999 9 APR	£28,500	£98,536	71% below HPI
1996 13 MAR	£30,000	£71,589	58% below HPI

43 BROAD MEAD 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 43 BROAD MEAD sales between March 1996 and January 2023 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 April 1999 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the January 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 43 BROAD MEAD be worth now?

43 BROAD MEAD might now be worth an estimated £342,744.

This is based on house price deflation of 2.1%, between January 2023 and December 2024, 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 2.1% deflationary decrease is applied to the most recent sale price for 43 BROAD MEAD of £350,000 on 18th January 2023. For the value to have decreased from £350,000 to £342,744 over the one month to December 2024, the following assumptions must hold true:

• The value of 43 BROAD MEAD has moved in line with the HPI for detached houses in the Luton local authority area.
• The January 2023 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 43 BROAD MEAD has not materially changed since January 2023.

How Large is 43 BROAD MEAD?

43 BROAD MEAD is 124m² according to the EPC inspection conducted in August 2021. This puts it in the largest 40% 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 43 BROAD MEAD lies on this distribution: 67% of detached houses houses are smaller than 43 BROAD MEAD, and 32% of houses are larger. Note that EPC data is not available for all properties in Luton.

43 BROAD MEAD: Plot and Title Map

43 BROAD MEAD sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 43 BROAD MEAD, 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 43 BROAD MEAD). 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 43 BROAD MEAD?

43 BROAD MEAD is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 43 on BROAD MEAD.