7, REEDSDALE, LUTON, LU2 9TG - £370,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 REEDSDALE is a small extended detached house of 89m², built sometime between 1983 and 1990. It was last sold for £370,000 in November 2022, which was around 23% below the average November 2022 detached price in the Luton local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

7 REEDSDALE Sold Prices

Land registry data shows three sales for 7 REEDSDALE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Luton local authority area for the corresponding sale date. All of the three 7 REEDSDALE 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
2022 21 NOV	£370,000	£481,687	23% below HPI
2014 21 JAN	£210,000	£255,820	18% below HPI
2006 19 JUN	£225,500	£234,365	4% below HPI

7 REEDSDALE 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 three 7 REEDSDALE sales between June 2006 and November 2022 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 January 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 7 REEDSDALE?

7 REEDSDALE is 89m², which includes one extension, according to the EPC inspection conducted in August 2022. 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 7 REEDSDALE lies on this distribution: 25% of detached houses are smaller than 7 REEDSDALE, and 74% of houses are larger. Note that EPC data is not available for all properties in Luton.

7 REEDSDALE: Plot and Title Map

7 REEDSDALE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 7 REEDSDALE, 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 REEDSDALE). 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 REEDSDALE?

7 REEDSDALE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 7 on REEDSDALE.