8, MARKFIELD CLOSE, LUTON, LU3 2HY - £392,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 MARKFIELD CLOSE is a very large extended detached house of 148m², built sometime between 1950 and 1966. It was last sold for £392,500 in February 2015, which was around 38% above the average February 2015 detached price in the Luton local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

8 MARKFIELD CLOSE Sold Prices

Land registry data shows two sales for 8 MARKFIELD CLOSE 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 8 MARKFIELD CLOSE sales 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
2015 20 FEB	£392,500	£284,130	38% above HPI
2003 19 DEC	£250,000	£217,910	15% above HPI

8 MARKFIELD CLOSE 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 8 MARKFIELD CLOSE sales from December 2003 and February 2015 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 2003 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2015 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is 8 MARKFIELD CLOSE?

8 MARKFIELD CLOSE is 148m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses in Luton, based on EPC data. The below chart shows the distribution of detached houses by size in Luton, and where 8 MARKFIELD CLOSE lies on this distribution: 84% of detached houses are smaller than 8 MARKFIELD CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Luton.

8 MARKFIELD CLOSE: Plot and Title Map

8 MARKFIELD CLOSE sits on a plot of roughly 0.148 of an acre, or 597m². The below map shows the location of 8 MARKFIELD CLOSE, 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 8 MARKFIELD CLOSE). 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 8 MARKFIELD CLOSE?

8 MARKFIELD CLOSE is located in LUTON, in the LU3 postcode district. The below map shows the position of No. 8 on MARKFIELD CLOSE.