7, VENETIA ROAD, LUTON, LU2 7XD - £361,000

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 VENETIA ROAD is a small extended detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £446,072. It was last sold for £361,000 in August 2016, which was around 3% below the average August 2016 detached price in the Luton local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was B.

7 VENETIA ROAD Sold Prices

Land registry data shows two sales for 7 VENETIA ROAD 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. Both of the two 7 VENETIA 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
2016 8 AUG	£361,000	£373,357	3% below HPI
2013 19 DEC	£244,000	£252,913	4% below HPI

7 VENETIA 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 two 7 VENETIA ROAD sales from December 2013 and August 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 December 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2016 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 7 VENETIA ROAD be worth now?

7 VENETIA ROAD might now be worth an estimated £446,072.

This is based on house price inflation of 23.6%, between August 2016 and February 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 23.6% inflationary increase is applied to the most recent sale price for 7 VENETIA ROAD of £361,000 on 8th August 2016. For the value to have increased from £361,000 to £446,072 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 7 VENETIA ROAD has moved in line with the HPI for detached houses in the Luton local authority area.
• The August 2016 sale price of £361,000 represented a fair market value for the property.
• The size, condition, and specification of 7 VENETIA ROAD has not materially changed since August 2016.

How Large is 7 VENETIA ROAD?

7 VENETIA ROAD is 94m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% 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 VENETIA ROAD lies on this distribution: 31% of detached houses houses are smaller than 7 VENETIA ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Luton.

7 VENETIA ROAD: Plot and Title Map

7 VENETIA ROAD sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 7 VENETIA 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 7 VENETIA 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 7 VENETIA ROAD?

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