54, LORIMER CLOSE, LUTON, LU2 7RL - £233,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

54 LORIMER CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £233,000 in November 2014, which was around 17% below the average November 2014 detached price in the Luton local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

54 LORIMER CLOSE Sold Prices

Land registry data shows two sales for 54 LORIMER 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 54 LORIMER 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
2014 25 NOV	£233,000	£279,689	17% below HPI
1995 18 DEC	£75,950	£73,883	3% above HPI

54 LORIMER 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 54 LORIMER CLOSE sales from December 1995 and November 2014 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 December 1995 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2014 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 54 LORIMER CLOSE?

54 LORIMER CLOSE is 72m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 54 LORIMER CLOSE lies on this distribution: 7% of detached houses are smaller than 54 LORIMER CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Luton.

54 LORIMER CLOSE: Plot and Title Map

54 LORIMER CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 54 LORIMER 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 54 LORIMER 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 54 LORIMER CLOSE?

54 LORIMER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 54 on LORIMER CLOSE.