56, LORIMER CLOSE, LUTON, LU2 7RL - £191,000

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

56 LORIMER CLOSE is a very small detached house of 65m², built sometime between 1983 and 1990. It was last sold for £191,000 in August 2006, which was around 20% below the average August 2006 detached price in the Luton local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was B.

56 LORIMER CLOSE Sold Prices

Land registry data shows three sales for 56 LORIMER 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 56 LORIMER 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
2006 23 AUG	£191,000	£238,551	20% below HPI
2002 26 JUL	£144,995	£171,835	16% below HPI
1995 22 SEP	£72,950	£75,113	3% below HPI

56 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 three 56 LORIMER CLOSE sales between September 1995 and August 2006 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 2002 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2006 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 56 LORIMER CLOSE?

56 LORIMER CLOSE is 65m² according to the EPC inspection conducted in June 2015. 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 56 LORIMER CLOSE lies on this distribution: 4% of detached houses are smaller than 56 LORIMER CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Luton.

56 LORIMER CLOSE: Plot and Title Map

56 LORIMER CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 56 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 56 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 56 LORIMER CLOSE?

56 LORIMER CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 56 on LORIMER CLOSE.