5, CHALLNEY CLOSE, LUTON, LU4 9TF - £249,000

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.

5 CHALLNEY CLOSE is a very small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £292,732. It was last sold for £249,000 in November 2019, which was around 37% below the average November 2019 detached price in the Luton local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

5 CHALLNEY CLOSE Sold Prices

Land registry data shows two sales for 5 CHALLNEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Luton local authority area for the corresponding sale date. One of the two 5 CHALLNEY CLOSE sales was for below the average price, whilst the other was 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
2019 21 NOV	£249,000	£392,420	37% below HPI
1996 29 APR	£74,000	£70,976	4% above HPI

5 CHALLNEY 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 two 5 CHALLNEY CLOSE sales from April 1996 and November 2019 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 1996 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the November 2019 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 5 CHALLNEY CLOSE be worth now?

5 CHALLNEY CLOSE might now be worth an estimated £292,732.

This is based on house price inflation of 17.6%, between November 2019 and February 2025, 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 17.6% inflationary increase is applied to the most recent sale price for 5 CHALLNEY CLOSE of £249,000 on 21st November 2019. For the value to have increased from £249,000 to £292,732 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 CHALLNEY CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The November 2019 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHALLNEY CLOSE has not materially changed since November 2019.

How Large is 5 CHALLNEY CLOSE?

5 CHALLNEY CLOSE is 81m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% 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 5 CHALLNEY CLOSE lies on this distribution: 15% of detached houses houses are smaller than 5 CHALLNEY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 CHALLNEY CLOSE: Plot and Title Map

5 CHALLNEY CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 5 CHALLNEY 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 5 CHALLNEY 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 5 CHALLNEY CLOSE?

5 CHALLNEY CLOSE is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 5 on CHALLNEY CLOSE.