63, RAVENBANK ROAD, LUTON, LU2 8EJ - £420,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

63 RAVENBANK ROAD is a very small semi-detached house of 85m², built sometime between 1950 and 1966. It was last sold for £420,000 in August 2023, which was around 11% below the average August 2023 detached price in the Luton local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

63 RAVENBANK ROAD Sold Prices

Land registry data shows four sales for 63 RAVENBANK ROAD 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 63 RAVENBANK ROAD 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
2023 18 AUG	£420,000	£469,335	11% below HPI
2015 20 APR	£275,000	£294,694	7% below HPI
2010 29 JAN	£227,500	£238,609	5% below HPI
2001 28 SEP	£129,000	£149,115	13% below HPI

63 RAVENBANK ROAD 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 63 RAVENBANK ROAD sales between September 2001 and August 2023 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 April 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2023 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 63 RAVENBANK ROAD?

63 RAVENBANK ROAD is 85m² according to the EPC inspection conducted in June 2023. 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 63 RAVENBANK ROAD lies on this distribution: 19% of detached houses are smaller than 63 RAVENBANK ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Luton.

63 RAVENBANK ROAD: Plot and Title Map

63 RAVENBANK ROAD sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 63 RAVENBANK ROAD, 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 63 RAVENBANK ROAD). 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 63 RAVENBANK ROAD?

63 RAVENBANK ROAD is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 63 on RAVENBANK ROAD.