9, OVING CLOSE, LUTON, LU2 9RN - £245,000

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.

9 OVING CLOSE is a very small semi-detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £297,692. It was last sold for £245,000 in September 2020, which was around 8% below the average September 2020 semi-detached price in the Luton local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

9 OVING CLOSE Sold Prices

Land registry data shows two sales for 9 OVING CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Luton local authority area for the corresponding sale date. One of the two 9 OVING CLOSE sales was for below the average price, whilst the other was 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
2020 23 SEP	£245,000	£264,917	8% below HPI
1999 17 DEC	£84,995	£70,891	20% above HPI

9 OVING CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Luton local authority area over time, sourced from the HPI. The two 9 OVING CLOSE sales from December 1999 and September 2020 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 1999 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2020 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 9 OVING CLOSE be worth now?

9 OVING CLOSE might now be worth an estimated £297,692.

This is based on house price inflation of 21.5%, between September 2020 and February 2025, for semi-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 21.5% inflationary increase is applied to the most recent sale price for 9 OVING CLOSE of £245,000 on 23rd September 2020. For the value to have increased from £245,000 to £297,692 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 9 OVING CLOSE has moved in line with the HPI for semi-detached houses in the Luton local authority area.
• The September 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 9 OVING CLOSE has not materially changed since September 2020.

How Large is 9 OVING CLOSE?

9 OVING CLOSE is 73m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of semi-detached houses houses in Luton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Luton, and where 9 OVING CLOSE lies on this distribution: 8% of semi-detached houses houses are smaller than 9 OVING CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Luton.

9 OVING CLOSE: Plot and Title Map

9 OVING CLOSE sits on a plot of roughly 0.032 of an acre, or 128m². The below map shows the location of 9 OVING 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 9 OVING 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 9 OVING CLOSE?

9 OVING CLOSE is located in LUTON, in the LU2 postcode district. The below map shows the position of No. 9 on OVING CLOSE.