5, MARKHAM ROAD, LUTON, LU3 2BS - £200,000

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 MARKHAM ROAD is a large detached house of 122m², built sometime between 1930 and 1949, which could now be worth an estimated £200,314. It was last sold for £200,000 in July 2022, which was around 57% below the average July 2022 detached price in the Luton local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

5 MARKHAM ROAD Sold Prices

Land registry data shows two sales for 5 MARKHAM ROAD 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. Both of the two 5 MARKHAM ROAD 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
2022 15 JUL	£200,000	£460,617	57% below HPI
2005 28 JUL	£197,000	£231,818	15% below HPI

5 MARKHAM ROAD 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 MARKHAM ROAD sales from July 2005 and July 2022 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 July 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2022 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 5 MARKHAM ROAD be worth now?

5 MARKHAM ROAD might now be worth an estimated £200,314.

This is based on house price inflation of 0.2%, between July 2022 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 0.2% inflationary increase is applied to the most recent sale price for 5 MARKHAM ROAD of £200,000 on 15th July 2022. For the value to have increased from £200,000 to £200,314 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 5 MARKHAM ROAD has moved in line with the HPI for detached houses in the Luton local authority area.
• The July 2022 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MARKHAM ROAD has not materially changed since July 2022.

How Large is 5 MARKHAM ROAD?

5 MARKHAM ROAD is 122m² according to the EPC inspection conducted in April 2022. 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 5 MARKHAM ROAD lies on this distribution: 65% of detached houses houses are smaller than 5 MARKHAM ROAD, and 34% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 MARKHAM ROAD: Plot and Title Map

5 MARKHAM ROAD sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 5 MARKHAM ROAD, 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 MARKHAM ROAD). 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 MARKHAM ROAD?

5 MARKHAM ROAD is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 5 on MARKHAM ROAD.