According to the public record, 603, Point Red 146, Luton is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Point Red, Midland Road, Luton, LU2.
Midland Road, Luton, LU2 is located within the LU2 postal district.
603, Point Red 146, Luton has 3 entries in the Land Registry database, most recently in June 2019 and a single entry in the EPC database dated June 2009.
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 603 Point Red 146 Luton as £159,339 and the rental value as £1,008 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 603 Point Red 146 Luton has increased by £150 (0.1%) and its rental value has increased by £63 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 603, Point Red 146, Luton is in very good condition we estimate a sale value of £167,306 and rental value of £1,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,185 and a rental value of £937 per month.
If you were able to purchase this property for the estimated value of £159,339, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £783 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, 603, Point Red 146, Luton was last sold on 10 Jun 2019 for £177,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2019, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 603, Point Red 146, Luton within a radius of 310 metres over the last 2 years.
The most recent example is Flat M, Langham House East, Mill Street, Luton, LU1 2NA, a Leasehold flat which sold for £150,000 in Feb 2023.
Read more about house prices in LU2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Midland Road, Luton, LU2 has a total of 283 addresses. According to our analysis of all the public data, 603, Point Red 146, Luton is the 98th largest and the 157th most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in LU2.
603, Point Red 146, Luton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Jun 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 603, Point Red 146, Luton is Luton station which is 200 metres 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 603, Point Red 146, Luton, 32.6% of property is privately rented and 29.4% is socially rented.
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 603, Point Red 146, Luton, 31.0% of residents are recorded as possessing school level qualifications and 21.5% 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 603, Point Red 146, 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 603, Point Red 146, Luton, 0.0% 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 603, Point Red 146, Luton, there are an average of 1.1 cars per household.
See below for how this compares to East of England and the rest of England & Wales.