7, GILDER CLOSE, LUTON, LU3 4AX - £378,000

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

7 GILDER CLOSE is a very large extended detached house of 172m², built sometime between 1967 and 1975. It was last sold for £378,000 in June 2021, which was around 8% below the average June 2021 detached price in the Luton local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

7 GILDER CLOSE Sold Prices

Land registry data shows two sales for 7 GILDER 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 Luton local authority area for the corresponding sale date. One of the two 7 GILDER CLOSE sales was for below the average price, whilst the other was for above 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
2021 7 JUN	£378,000	£411,652	8% below HPI
2002 23 OCT	£214,000	£192,010	11% above HPI

7 GILDER 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 two 7 GILDER CLOSE sales from October 2002 and June 2021 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 October 2002 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 7 GILDER CLOSE?

7 GILDER CLOSE is 172m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 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 7 GILDER CLOSE lies on this distribution: 91% of detached houses are smaller than 7 GILDER CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Luton.

7 GILDER CLOSE: Plot and Title Map

7 GILDER CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 7 GILDER 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 7 GILDER 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 7 GILDER CLOSE?

7 GILDER CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 7 on GILDER CLOSE.