According to the public record, 5, London Road, Luton is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 5, London Road, Luton, LU1.
London Road, Luton, LU1 is located within the LU1 postal district.
5, London Road, Luton has 2 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated March 2018.
We combine this information with that 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 5 London Road Luton as £189,862 and the rental value as £998 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 5 London Road Luton has decreased by £1,642 (0.9%) and its rental value has increased by £57 per month (5.7%).
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 5, London Road, Luton is in very good condition we estimate a sale value of £199,355 and rental value of £1,048 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,571 and a rental value of £928 per month.
If you were able to purchase this property for the estimated value of £189,862, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £933 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, 5, London Road, Luton was last sold on 30 Jul 2021 for £185,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2021, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, London Road, Luton within a radius of 330 metres over the last 2 years.
The most recent example is Flat 7, The Compasses 11, Farley Hill, Luton, LU1 5EE, a Leasehold flat which sold for £169,000 in Oct 2018.
Read more about house prices in LU1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
London Road, Luton, LU1 has a total of 236 addresses. According to our analysis of all the public data, 5, London Road, Luton is the 191st largest and the 124th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in LU1.
5, London Road, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Mar 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 5, London Road, Luton is Luton station which is 1.2 kilometres 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 5, London Road, Luton, 67.7% of property is privately rented and 16.9% 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 5, London Road, Luton, 27.0% of residents are recorded as possessing school level qualifications and 32.7% 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 5, London Road, Luton, the average age was 33.3 and the most common age was 32.
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 5, London Road, Luton, 0.6% 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 5, London Road, Luton, there are an average of 0.9 cars per household.
See below for how this compares to East of England and the rest of England & Wales.