48, GRAMPIAN WAY, LUTON, LU3 3HA - £152,000

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

48 GRAMPIAN WAY is a very small semi-detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £296,362. It was last sold for £152,000 in July 2013, which was around 9% below the average July 2013 semi-detached price in the Luton local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

48 GRAMPIAN WAY Sold Prices

Land registry data shows three sales for 48 GRAMPIAN WAY 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 48 GRAMPIAN WAY 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
2013 19 JUL	£152,000	£167,247	9% below HPI
2004 16 JUN	£147,500	£152,373	3% below HPI
1998 1 OCT	£56,500	£59,179	5% below HPI

48 GRAMPIAN WAY 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 48 GRAMPIAN WAY sales between October 1998 and July 2013 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 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2013 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 48 GRAMPIAN WAY be worth now?

48 GRAMPIAN WAY might now be worth an estimated £296,362.

This is based on house price inflation of 95%, between July 2013 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 95% inflationary increase is applied to the most recent sale price for 48 GRAMPIAN WAY of £152,000 on 19th July 2013. For the value to have increased from £152,000 to £296,362 over the ten years and seven months to December 2024, the following assumptions must hold true:

• The value of 48 GRAMPIAN WAY has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The July 2013 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 48 GRAMPIAN WAY has not materially changed since July 2013.

How Large is 48 GRAMPIAN WAY?

48 GRAMPIAN WAY is 71m² according to the EPC inspection conducted in September 2013. 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 48 GRAMPIAN WAY lies on this distribution: 7% of semi-detached houses houses are smaller than 48 GRAMPIAN WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Luton.

48 GRAMPIAN WAY: Plot and Title Map

48 GRAMPIAN WAY sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 48 GRAMPIAN WAY, 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 48 GRAMPIAN WAY). 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 48 GRAMPIAN WAY?

48 GRAMPIAN WAY is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 48 on GRAMPIAN WAY.