9, THE MAGPIES, LUTON, LU2 7XT - £220,000

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

9 THE MAGPIES is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £220,000 in February 2008, which was around 18% below the average February 2008 detached price in the Luton local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

9 THE MAGPIES Sold Prices

Land registry data shows three sales for 9 THE MAGPIES 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 9 THE MAGPIES sales were a mix of below the average price, roughly equal to the average price, and 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
2008 19 FEB	£220,000	£268,406	18% below HPI
1999 17 DEC	£112,000	£111,597	Close to HPI
1997 29 DEC	£92,000	£87,400	5% above HPI

9 THE MAGPIES 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 9 THE MAGPIES sales between December 1997 and February 2008 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2008 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 9 THE MAGPIES?

9 THE MAGPIES is 80m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 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 9 THE MAGPIES lies on this distribution: 14% of detached houses are smaller than 9 THE MAGPIES, and 85% of houses are larger. Note that EPC data is not available for all properties in Luton.

9 THE MAGPIES: Plot and Title Map

9 THE MAGPIES sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 9 THE MAGPIES, 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 THE MAGPIES). 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 THE MAGPIES?

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