5, SHANKLIN CLOSE, LUTON, LU3 3UH - £350,000

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 SHANKLIN CLOSE is a very small semi-detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £342,688. It was last sold for £350,000 in November 2022, which was around 6% above the average November 2022 semi-detached price in the Luton local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

5 SHANKLIN CLOSE Sold Prices

Land registry data shows two sales for 5 SHANKLIN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. One of the two 5 SHANKLIN CLOSE sales was for above the average price, whilst the other was roughly equal to 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 4 NOV	£350,000	£328,760	6% above HPI
2008 4 JUN	£180,000	£179,620	Close to HPI

5 SHANKLIN CLOSE 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 two 5 SHANKLIN CLOSE sales from June 2008 and November 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 June 2008 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 5 SHANKLIN CLOSE be worth now?

5 SHANKLIN CLOSE might now be worth an estimated £342,688.

This is based on house price deflation of 2.1%, between November 2022 and February 2025, 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 2.1% deflationary decrease is applied to the most recent sale price for 5 SHANKLIN CLOSE of £350,000 on 4th November 2022. For the value to have decreased from £350,000 to £342,688 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 SHANKLIN CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The November 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SHANKLIN CLOSE has not materially changed since November 2022.

How Large is 5 SHANKLIN CLOSE?

5 SHANKLIN CLOSE is 78m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 20% 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 5 SHANKLIN CLOSE lies on this distribution: 12% of semi-detached houses houses are smaller than 5 SHANKLIN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Luton.

5 SHANKLIN CLOSE: Plot and Title Map

5 SHANKLIN CLOSE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 5 SHANKLIN 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 SHANKLIN 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 SHANKLIN CLOSE?

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