55, MULBERRY CLOSE, LUTON, LU1 1BY - £220,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

55 MULBERRY CLOSE is a very small extended detached house of 80m², built sometime between 1991 and 1995. It was last sold for £220,000 in May 2020, which was around 44% below the average May 2020 detached price in the Luton local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was B.

55 MULBERRY CLOSE Sold Prices

Land registry data shows three sales for 55 MULBERRY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 55 MULBERRY 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
2020 21 MAY	£220,000	£395,421	44% below HPI
2007 14 FEB	£148,000	£248,780	41% below HPI
2006 17 FEB	£130,000	£230,088	43% below HPI

55 MULBERRY 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 three 55 MULBERRY CLOSE sales between February 2006 and May 2020 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 2007 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2020 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 55 MULBERRY CLOSE?

55 MULBERRY CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 55 MULBERRY CLOSE lies on this distribution: 14% of detached houses are smaller than 55 MULBERRY CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Luton.

55 MULBERRY CLOSE: Plot and Title Map

55 MULBERRY CLOSE sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 55 MULBERRY 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 55 MULBERRY 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 55 MULBERRY CLOSE?

55 MULBERRY CLOSE is located in LUTON, in the LU1 postcode district. The below map shows the position of No. 55 on MULBERRY CLOSE.