58, ELY WAY, LUTON, LU4 9QN - £362,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

58 ELY WAY is a small detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £362,948. It was last sold for £362,500 in October 2024, which was around 21% below the average October 2024 detached price in the Luton local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

58 ELY WAY Sold Prices

Land registry data shows four sales for 58 ELY WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the four 58 ELY WAY 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
2024 31 OCT	£362,500	£460,771	21% below HPI
2014 25 JUN	£180,000	£266,722	33% below HPI
2010 3 SEP	£173,000	£243,238	29% below HPI
2006 12 MAY	£61,000	£233,538	74% below HPI

58 ELY WAY 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 four 58 ELY WAY sales between May 2006 and October 2024 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 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2024 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 58 ELY WAY be worth now?

58 ELY WAY might now be worth an estimated £362,948.

This is based on house price inflation of 0.1%, between October 2024 and February 2025, 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 0.1% inflationary increase is applied to the most recent sale price for 58 ELY WAY of £362,500 on 31st October 2024. For the value to have increased from £362,500 to £362,948 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 58 ELY WAY has moved in line with the HPI for detached houses in the Luton local authority area.
• The October 2024 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 58 ELY WAY has not materially changed since October 2024.

How Large is 58 ELY WAY?

58 ELY WAY is 90m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% 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 58 ELY WAY lies on this distribution: 26% of detached houses houses are smaller than 58 ELY WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Luton.

58 ELY WAY: Plot and Title Map

58 ELY WAY sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 58 ELY WAY, 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 58 ELY WAY). 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 58 ELY WAY?

58 ELY WAY is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 58 on ELY WAY.