According to the public record, Flat 3, 45, Russell Rise, Luton is a early-century apartment with 398 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 45, Russell Rise, Luton, LU1.
Russell Rise, Luton, LU1 is located within the LU1 postal district.
Flat 3, 45, Russell Rise, Luton has no recent1 records in the Land Registry database and a single entry in the EPC database dated July 2022.
We combine this information with public data 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 3 45 Russell Rise Luton as £164,150 and the rental value as £847 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 3 45 Russell Rise Luton has decreased by £1,113 (0.7%) and its rental value has increased by £51 per month (6.0%).
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 3, 45, Russell Rise, Luton is in very good condition we estimate a sale value of £172,358 and rental value of £889 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,660 and a rental value of £788 per month.
If you were able to purchase this property for the estimated value of £164,150, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £807 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 3, 45, Russell Rise, Luton was last sold on 21 Jun 2000 for £40,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 45, Russell Rise, Luton within a radius of 340 metres over the last 2 years.
The most recent example is Flat 4, The Compasses 11, Farley Hill, Luton, LU1 5EE, a Leasehold flat which sold for £160,000 in Feb 2024.
Read more about house prices in LU1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Russell Rise, Luton, LU1 has a total of 146 addresses. According to our analysis of all the public data, Flat 3, 45, Russell Rise, Luton is the 125th largest and the 125th most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in LU1.
Flat 3, 45, Russell Rise, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Jul 2022.
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 3, 45, Russell Rise, Luton is Luton station which is 1.1 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 Flat 3, 45, Russell Rise, Luton, 61.5% of property is privately rented and 27.7% 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 Flat 3, 45, Russell Rise, Luton, 22.9% of residents are recorded as possessing school level qualifications and 29.0% 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 3, 45, Russell Rise, Luton, the average age was 34.4 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 3, 45, Russell Rise, Luton, 0.3% 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 3, 45, Russell Rise, Luton, there are an average of 0.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.