48, TURNPIKE DRIVE, LUTON, LU3 3RF - £440,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

48 TURNPIKE DRIVE is a small detached house of 100m², built sometime between 1967 and 1975. It was last sold for £440,000 in May 2023, which was around 5% below the average May 2023 detached price in the Luton local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

48 TURNPIKE DRIVE Sold Prices

Land registry data shows three sales for 48 TURNPIKE DRIVE 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. One of the three 48 TURNPIKE DRIVE sales was for below the average price, whilst two were for 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
2023 18 MAY	£440,000	£465,533	5% below HPI
2019 24 APR	£450,000	£399,689	13% above HPI
2013 8 MAR	£249,995	£245,823	2% above HPI

48 TURNPIKE DRIVE 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 48 TURNPIKE DRIVE sales between March 2013 and May 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 2019 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the May 2023 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 48 TURNPIKE DRIVE?

48 TURNPIKE DRIVE is 100m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 40% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 48 TURNPIKE DRIVE lies on this distribution: 39% of detached houses are smaller than 48 TURNPIKE DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Luton.

48 TURNPIKE DRIVE: Plot and Title Map

48 TURNPIKE DRIVE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 48 TURNPIKE DRIVE, 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 TURNPIKE DRIVE). 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 TURNPIKE DRIVE?

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