According to the public record, 8, Cardigan Gardens 16-18, Luton is a period leasehold apartment with 269 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Cardigan Gardens, Cardigan Street, Luton, LU1.
Cardigan Street, Luton, LU1 is located within the LU1 postal district.
8, Cardigan Gardens 16-18, Luton has 21 entries in the Land Registry database, most recently in November 2007 and a single entry in the EPC database dated March 2015.
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 8 Cardigan Gardens 16-18 Luton as £105,367 and the rental value as £639 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 8 Cardigan Gardens 16-18 Luton has decreased by £472 (0.4%) and its rental value has increased by £39 per month (6.1%).
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 8, Cardigan Gardens 16-18, Luton is in very good condition we estimate a sale value of £110,635 and rental value of £671 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,991 and a rental value of £594 per month.
If you were able to purchase this property for the estimated value of £105,367, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £518 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, 8, Cardigan Gardens 16-18, Luton was last sold on 29 Nov 2007 for £80,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2007, the market for similar properties has risen 36.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Cardigan Gardens 16-18, Luton within a radius of 340 metres over the last 2 years.
The most recent example is 7, Cardigan Gardens 16-18, Cardigan Street, Luton, LU1 1RR, a Leasehold flat which sold for £82,500 in Oct 2018.
Read more about house prices in LU1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 340 metres radius of 8, Cardigan Gardens 16-18, Luton over the last 2 years.
Most recently 52, Cardigan Street, Luton, LU1 1RR, a Freehold house let by Andrea & Co in Sep 2023.
Cardigan Street, Luton, LU1 has a total of 146 addresses. According to our analysis of all the public data, 8, Cardigan Gardens 16-18, Luton is the 132nd largest and the 142nd most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in LU1.
8, Cardigan Gardens 16-18, Luton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Mar 2015.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 8, Cardigan Gardens 16-18, Luton is Luton station which is 500 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 8, Cardigan Gardens 16-18, Luton, 93.9% of property is privately rented and 3.1% is privately owned outright.
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 8, Cardigan Gardens 16-18, Luton, 21.7% of residents are recorded as possessing school level qualifications and 35.3% 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 8, Cardigan Gardens 16-18, 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 8, Cardigan Gardens 16-18, 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 8, Cardigan Gardens 16-18, Luton, there are an average of 0.5 cars per household.
See below for how this compares to East of England and the rest of England & Wales.