According to the public record, Flat 1, 8, Cardiff Grove, Luton is a period leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 8, Cardiff Grove, Luton, LU1.
Cardiff Grove, Luton, LU1 is located within the LU1 postal district.
Flat 1, 8, Cardiff Grove, Luton has a single entry in the Land Registry database from December 2021 and a single entry in the EPC database dated July 2023.
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 Flat 1 8 Cardiff Grove Luton as £89,924 and the rental value as £583 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of Flat 1 8 Cardiff Grove Luton has decreased by £400 (0.4%) and its rental value has increased by £36 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 Flat 1, 8, Cardiff Grove, Luton is in very good condition we estimate a sale value of £94,420 and rental value of £613 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £83,629 and a rental value of £543 per month.
If you were able to purchase this property for the estimated value of £89,924, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £442 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, Flat 1, 8, Cardiff Grove, Luton was last sold on 07 Dec 2021 for £68,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2021, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 8, Cardiff Grove, Luton within a radius of 330 metres over the last 2 years.
The most recent example is Flat 1, 6, Cardiff Grove, Luton, LU1 1QH, a Leasehold flat which sold for £78,000 in Oct 2020.
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 330 metres radius of Flat 1, 8, Cardiff Grove, Luton over the last 2 years.
Most recently 52, Cardigan Street, Luton, LU1 1RR, a Freehold house let by Andrea & Co in Sep 2023.
Cardiff Grove, Luton, LU1 has a total of 27 addresses. According to our analysis of all the public data, Flat 1, 8, Cardiff Grove, Luton is the 17th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in LU1.
Flat 1, 8, Cardiff Grove, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Jul 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 8, Cardiff Grove, Luton is Luton station which is 800 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 Flat 1, 8, Cardiff Grove, Luton, 86.1% of property is privately rented and 10.3% 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 Flat 1, 8, Cardiff Grove, Luton, 12.6% of residents are recorded as possessing school level qualifications and 22.0% 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 Flat 1, 8, Cardiff Grove, 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 Flat 1, 8, Cardiff Grove, 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 Flat 1, 8, Cardiff Grove, 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.