6, SAFFRON CLOSE, LUTON, LU2 7GF - £340,000

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

6 SAFFRON CLOSE is a small extended detached house of 88m², built sometime between 1996 and 2002. It was last sold for £340,000 in August 2017, which was around 31% below the average August 2017 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

6 SAFFRON CLOSE Sold Prices

Land registry data shows two sales for 6 SAFFRON 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 Central Bedfordshire local authority area for the corresponding sale date. Both of the two 6 SAFFRON 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
2017 23 AUG	£340,000	£494,559	31% below HPI
2006 9 NOV	£237,000	£314,710	25% below HPI

6 SAFFRON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The two 6 SAFFRON CLOSE sales from November 2006 and August 2017 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 November 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2017 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 6 SAFFRON CLOSE?

6 SAFFRON CLOSE is 88m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 6 SAFFRON CLOSE lies on this distribution: 23% of detached houses are smaller than 6 SAFFRON CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Luton.

6 SAFFRON CLOSE: Plot and Title Map

6 SAFFRON CLOSE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 6 SAFFRON 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 6 SAFFRON 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 6 SAFFRON CLOSE?

6 SAFFRON CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 6 on SAFFRON CLOSE.