7, PARKLAND DRIVE, LUTON, LU1 3SU - £365,000

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.

7 PARKLAND DRIVE is a midsized extended detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £487,567. It was last sold for £365,000 in February 2016, which was around 5% above the average February 2016 detached price in the Luton local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

7 PARKLAND DRIVE Sold Prices

Land registry data shows two sales for 7 PARKLAND DRIVE 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 PARKLAND DRIVE sales was for above the average price, whilst the other was 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
2016 29 FEB	£365,000	£346,905	5% above HPI
2003 20 JUN	£190,000	£215,963	12% below HPI

7 PARKLAND DRIVE 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 PARKLAND DRIVE sales from June 2003 and February 2016 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 2003 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2016 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 7 PARKLAND DRIVE be worth now?

7 PARKLAND DRIVE might now be worth an estimated £487,567.

This is based on house price inflation of 33.6%, between February 2016 and March 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 33.6% inflationary increase is applied to the most recent sale price for 7 PARKLAND DRIVE of £365,000 on 29th February 2016. For the value to have increased from £365,000 to £487,567 over the eight years and eleven months to March 2025, the following assumptions must hold true:

• The value of 7 PARKLAND DRIVE has moved in line with the HPI for detached houses in the Luton local authority area.
• The February 2016 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARKLAND DRIVE has not materially changed since February 2016.

How Large is 7 PARKLAND DRIVE?

7 PARKLAND DRIVE is 112m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 50% 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 7 PARKLAND DRIVE lies on this distribution: 54% of detached houses houses are smaller than 7 PARKLAND DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Luton.

7 PARKLAND DRIVE: Plot and Title Map

7 PARKLAND DRIVE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 7 PARKLAND DRIVE, 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 PARKLAND DRIVE). 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 PARKLAND DRIVE?

7 PARKLAND DRIVE is located in LUTON, in the LU1 postcode district. The below map shows the position of No. 7 on PARKLAND DRIVE.