45, OATFIELD CLOSE, LUTON, LU4 0UH - £192,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

45 OATFIELD CLOSE is a very small semi-detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £262,844. It was last sold for £192,500 in February 2016, which was around 18% below the average February 2016 semi-detached price in the Luton local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

45 OATFIELD CLOSE Sold Prices

Land registry data shows three sales for 45 OATFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. All of the three 45 OATFIELD 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 22 FEB	£192,500	£235,745	18% below HPI
2006 12 SEP	£134,000	£167,949	20% below HPI
2003 1 AUG	£41,000	£143,273	71% below HPI

45 OATFIELD 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 three 45 OATFIELD CLOSE sales between August 2003 and February 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 September 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2016 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 45 OATFIELD CLOSE be worth now?

45 OATFIELD CLOSE might now be worth an estimated £262,844.

This is based on house price inflation of 36.5%, between February 2016 and February 2025, 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 36.5% inflationary increase is applied to the most recent sale price for 45 OATFIELD CLOSE of £192,500 on 22nd February 2016. For the value to have increased from £192,500 to £262,844 over the nine years to February 2025, the following assumptions must hold true:

• The value of 45 OATFIELD CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The February 2016 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 45 OATFIELD CLOSE has not materially changed since February 2016.

How Large is 45 OATFIELD CLOSE?

45 OATFIELD CLOSE is 77m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% 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 45 OATFIELD CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 45 OATFIELD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Luton.

45 OATFIELD CLOSE: Plot and Title Map

45 OATFIELD CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 45 OATFIELD 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 45 OATFIELD 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 45 OATFIELD CLOSE?

45 OATFIELD CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 45 on OATFIELD CLOSE.