According to the public record, 119, Essex Close, Luton is a mid-century apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Essex Close, Luton, LU1 is located within the LU1 postal district.
119, Essex Close, Luton has no recent1 records in the Land Registry database and 2 entries in the EPC database, most recently in July 2014.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 119 Essex Close Luton as £174,575 and the rental value as £1,048 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 119 Essex Close Luton has decreased by £303 (0.2%) and its rental value has increased by £66 per month (6.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 119, Essex Close, Luton is in very good condition we estimate a sale value of £183,303 and rental value of £1,100 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £162,354 and a rental value of £975 per month.
If you were able to purchase this property for the estimated value of £174,575, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £858 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 119, Essex Close, Luton was last sold on 08 Sep 2005 for £105,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 119, Essex Close, Luton within a radius of 54m over the last 2 years.
The most recent example is 111, Essex Close, Luton, LU1 3EJ, a Leasehold flat which sold for £177,000 in May 2023.
Read more about house prices in LU1.
Essex Close, Luton, LU1 has a total of 105 addresses. According to our analysis of all the public data, 119, Essex Close, Luton is the 35th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £84k less expensive than the average property in LU1.
119, Essex Close, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jul 2014.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 119, Essex Close, Luton is Luton station which is 900 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 119, Essex Close, Luton, 83.7% of property is socially rented and 6.7% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 119, Essex Close, Luton, 12.9% of residents are recorded as possessing school level qualifications and 20.3% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 119, Essex Close, Luton, the average age was 31.5 and the most common age was 12.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 119, Essex Close, Luton, 0.7% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 119, Essex Close, Luton, there are an average of 0.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.