According to the public record, Flat 2, 83, Wellington Street, Luton is a period leasehold apartment with 355 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 83, Wellington Street, Luton, LU1.
Wellington Street, Luton, LU1 is located within the LU1 postal district.
Flat 2, 83, Wellington Street, Luton has a single entry in the Land Registry database from 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 Flat 2 83 Wellington Street Luton as £133,247 and the rental value as £744 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 2 83 Wellington Street Luton has decreased by £683 (0.5%) and its rental value has increased by £46 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 2, 83, Wellington Street, Luton is in very good condition we estimate a sale value of £139,909 and rental value of £781 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £123,919 and a rental value of £692 per month.
If you were able to purchase this property for the estimated value of £133,247, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £655 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 2, 83, Wellington Street, Luton was last sold on 02 Nov 2007 for £96,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2007, the market for similar properties has risen 36.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 83, Wellington Street, Luton within a radius of 280 metres over the last 2 years.
The most recent example is Flat 4, 18, Napier Road, Luton, LU1 1RF, a Leasehold flat which sold for £115,000 in Jun 2023.
Read more about house prices in LU1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellington Street, Luton, LU1 has a total of 377 addresses. According to our analysis of all the public data, Flat 2, 83, Wellington Street, Luton is the 291st largest and the 173rd most expensive property on the street.
When compared to the postcode district it is £126k less expensive than the average property in LU1.
Flat 2, 83, Wellington Street, Luton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2015.
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 2, 83, Wellington Street, Luton is Luton station which is 700 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 2, 83, Wellington Street, Luton, 63.4% of property is privately rented and 23.9% 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 2, 83, Wellington Street, Luton, 36.8% of residents are recorded as possessing school level qualifications and 44.6% 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 2, 83, Wellington Street, 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 Flat 2, 83, Wellington Street, Luton, 0.8% 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 2, 83, Wellington Street, 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.