TOWER HOUSE, THE GREEN, CADDINGTON, LUTON, LU1 4HF - £315,000

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

TOWER HOUSE is a very large extended detached house of 151m², built sometime between 1930 and 1949. It was last sold for £315,000 in July 2002, which was around 37% above the average July 2002 detached price in the Central Bedfordshire local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

TOWER HOUSE Sold Prices

Land registry data shows three sales for TOWER HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Central Bedfordshire local authority area for the corresponding sale date. All of the three TOWER HOUSE 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
2002 25 JUL	£315,000	£229,491	37% above HPI
2000 25 AUG	£187,500	£179,276	5% above HPI
1996 16 FEB	£128,000	£98,023	31% above HPI

TOWER HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Central Bedfordshire local authority area over time, sourced from the HPI. The three TOWER HOUSE sales between February 1996 and July 2002 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 August 2000 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2002 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is TOWER HOUSE?

TOWER HOUSE is 151m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the largest 20% of detached houses in Caddington, based on EPC data. The below chart shows the distribution of detached houses by size in Caddington, and where TOWER HOUSE lies on this distribution: 81% of detached houses are smaller than TOWER HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Caddington.

TOWER HOUSE: Plot and Title Map

TOWER HOUSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of TOWER HOUSE, 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 TOWER HOUSE). 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 TOWER HOUSE?

TOWER HOUSE is located on THE GREEN in CADDINGTON, in the LU1 postcode district. The below map shows the position of TOWER HOUSE on THE GREEN.