8, PEVENSEY CLOSE, LUTON, LU2 8HU - £395,000

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

8 PEVENSEY CLOSE is a midsized extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £395,000 in June 2021, which was around 4% below the average June 2021 detached price in the Luton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

8 PEVENSEY CLOSE Sold Prices

Land registry data shows three sales for 8 PEVENSEY CLOSE 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. All of the three 8 PEVENSEY CLOSE 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
2021 11 JUN	£395,000	£411,652	4% below HPI
2021 4 JUN	£400,000	£411,652	3% below HPI
2006 15 DEC	£230,000	£246,825	7% below HPI

8 PEVENSEY 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 three 8 PEVENSEY CLOSE sales between December 2006 and June 2021 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 June 2021 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 8 PEVENSEY CLOSE?

8 PEVENSEY CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 50% 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 PEVENSEY CLOSE lies on this distribution: 53% of detached houses are smaller than 8 PEVENSEY CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Luton.

8 PEVENSEY CLOSE: Plot and Title Map

8 PEVENSEY CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 8 PEVENSEY 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 PEVENSEY 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 PEVENSEY CLOSE?

8 PEVENSEY CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 8 on PEVENSEY CLOSE.