8, PARKLAND DRIVE, LUTON, LU1 3SU - £402,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 PARKLAND DRIVE is a very large detached house of 187m², built sometime between 1983 and 1990, which could now be worth an estimated £777,391. It was last sold for £402,500 in October 2010, which was around 67% above the average October 2010 detached price in the Luton local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

8 PARKLAND DRIVE Sold Prices

Land registry data shows three sales for 8 PARKLAND DRIVE 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. The three 8 PARKLAND DRIVE sales were a mix of above the average price, and roughly equal to 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
2010 15 OCT	£402,500	£241,642	67% above HPI
2002 3 SEP	£185,000	£184,231	Close to HPI
1997 27 NOV	£115,500	£86,173	34% above HPI

8 PARKLAND DRIVE 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 8 PARKLAND DRIVE sales between November 1997 and October 2010 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 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2010 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 8 PARKLAND DRIVE be worth now?

8 PARKLAND DRIVE might now be worth an estimated £777,391.

This is based on house price inflation of 93.1%, between October 2010 and December 2024, 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 93.1% inflationary increase is applied to the most recent sale price for 8 PARKLAND DRIVE of £402,500 on 15th October 2010. For the value to have increased from £402,500 to £777,391 over the thirteen years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 PARKLAND DRIVE has moved in line with the HPI for detached houses in the Luton local authority area.
• The October 2010 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 8 PARKLAND DRIVE has not materially changed since October 2010.

How Large is 8 PARKLAND DRIVE?

8 PARKLAND DRIVE is 187m² according to the EPC inspection conducted in March 2010. This puts it in the largest 10% 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 8 PARKLAND DRIVE lies on this distribution: 94% of detached houses houses are smaller than 8 PARKLAND DRIVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Luton.

8 PARKLAND DRIVE: Plot and Title Map

8 PARKLAND DRIVE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 8 PARKLAND DRIVE, 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 PARKLAND DRIVE). 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 PARKLAND DRIVE?

8 PARKLAND DRIVE is located in LUTON, in the LU1 postcode district. The below map shows the position of No. 8 on PARKLAND DRIVE.