70, OAK ROAD, LUTON, LU4 8AD - £110,000

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

70 OAK ROAD is a very small extended detached house of 65m², built sometime between 1900 and 1929. It was last sold for £110,000 in August 2006, which was around 54% below the average August 2006 detached price in the Luton local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

70 OAK ROAD Sold Prices

Land registry data shows two sales for 70 OAK 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 70 OAK 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
2006 25 AUG	£110,000	£238,551	54% below HPI
1996 2 SEP	£27,000	£75,149	64% below HPI

70 OAK 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 70 OAK ROAD sales from September 1996 and August 2006 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 September 1996 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the August 2006 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 70 OAK ROAD?

70 OAK ROAD is 65m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 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 70 OAK ROAD lies on this distribution: 4% of detached houses are smaller than 70 OAK ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Luton.

70 OAK ROAD: Plot and Title Map

70 OAK ROAD sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 70 OAK 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 70 OAK 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 70 OAK ROAD?

70 OAK ROAD is located in LUTON, in the LU4 postcode district. The below map shows the position of No. 70 on OAK ROAD.