5, PENDA CLOSE, LUTON, LU3 3UT - £155,000

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

5 PENDA CLOSE is a very small detached house of 56m², built sometime between 1983 and 1990. It was last sold for £155,000 in June 2013, which was around 37% below the average June 2013 detached price in the Luton local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

5 PENDA CLOSE Sold Prices

Land registry data shows two sales for 5 PENDA 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. Both of the two 5 PENDA 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
2013 28 JUN	£155,000	£246,217	37% below HPI
1999 5 FEB	£74,500	£98,190	24% below HPI

5 PENDA 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 PENDA CLOSE sales from February 1999 and June 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 February 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2013 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 5 PENDA CLOSE be worth now?

5 PENDA CLOSE might now be worth an estimated £293,805.

This is based on house price inflation of 89.6%, between June 2013 and December 2024, 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 89.6% inflationary increase is applied to the most recent sale price for 5 PENDA CLOSE of £155,000 on 28th June 2013. For the value to have increased from £155,000 to £293,805 over the ten years and six months to December 2024, the following assumptions must hold true:

• The value of 5 PENDA CLOSE has moved in line with the HPI for detached houses in the Luton local authority area.
• The June 2013 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENDA CLOSE has not materially changed since June 2013.

How Large is 5 PENDA CLOSE?

5 PENDA CLOSE is 56m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% 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 PENDA CLOSE lies on this distribution: 2% of detached houses houses are smaller than 5 PENDA CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 PENDA CLOSE: Plot and Title Map

5 PENDA CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 5 PENDA 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 PENDA 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 PENDA CLOSE?

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