7, WIGMORE LANE, LUTON, LU2 8AA - £427,000

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 WIGMORE LANE is a large detached house of 139m², built sometime between 1950 and 1966, which could now be worth an estimated £433,558. It was last sold for £427,000 in March 2022, which was around 6% below the average March 2022 detached price in the Luton local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

7 WIGMORE LANE Sold Prices

Land registry data shows four sales for 7 WIGMORE LANE 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. two of the four 7 WIGMORE LANE sales were for below the average price, and four were 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
2022 30 MAR	£427,000	£454,363	6% below HPI
2008 7 MAR	£320,000	£265,425	21% above HPI
2005 6 SEP	£279,000	£235,291	19% above HPI
2002 4 OCT	£187,000	£190,884	2% below HPI

7 WIGMORE LANE 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 7 WIGMORE LANE sales between October 2002 and March 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 March 2008 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the March 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 7 WIGMORE LANE be worth now?

7 WIGMORE LANE might now be worth an estimated £433,558.

This is based on house price inflation of 1.5%, between March 2022 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 1.5% inflationary increase is applied to the most recent sale price for 7 WIGMORE LANE of £427,000 on 30th March 2022. For the value to have increased from £427,000 to £433,558 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 7 WIGMORE LANE has moved in line with the HPI for detached houses in the Luton local authority area.
• The March 2022 sale price of £427,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WIGMORE LANE has not materially changed since March 2022.

How Large is 7 WIGMORE LANE?

7 WIGMORE LANE is 139m² according to the EPC inspection conducted in November 2021. This puts it in the largest 30% 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 WIGMORE LANE lies on this distribution: 79% of detached houses houses are smaller than 7 WIGMORE LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Luton.

7 WIGMORE LANE: Plot and Title Map

7 WIGMORE LANE sits on a plot of roughly 0.181 of an acre, or 733m². The below map shows the location of 7 WIGMORE LANE, 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 WIGMORE LANE). 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 WIGMORE LANE?

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