According to the public record, Flat 37, Marlborough Court, Luton is a modern leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Marlborough Court, Grove Road, Luton, LU1.
Grove Road, Luton, LU1 is located within the LU1 postal district.
Flat 37, Marlborough Court, Luton has 41 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated October 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 37 Marlborough Court Luton as £192,348 and the rental value as £1,081 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat 37 Marlborough Court Luton has decreased by £4,234 (2.2%) and its rental value has increased by £46 per month (4.2%).
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 37, Marlborough Court, Luton is in very good condition we estimate a sale value of £201,965 and rental value of £1,135 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £178,884 and a rental value of £1,005 per month.
If you were able to purchase this property for the estimated value of £192,348, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £945 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 37, Marlborough Court, Luton was last sold on 04 Nov 2022 for £200,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 37, Marlborough Court, Luton within a radius of 330 metres over the last 2 years.
The most recent example is Flat 29, Marlborough Court, Grove Road, Luton, LU1 1RW, a Leasehold flat which sold for £186,000 in Nov 2023.
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 37, Marlborough Court, Luton over the last 2 years.
Most recently 52, Cardigan Street, Luton, LU1 1RR, a Freehold house let by Andrea & Co in Sep 2023.
Grove Road, Luton, LU1 has a total of 163 addresses. According to our analysis of all the public data, Flat 37, Marlborough Court, Luton is the 28th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in LU1.
Flat 37, Marlborough Court, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Oct 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 37, Marlborough Court, 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 37, Marlborough Court, Luton, 69.8% of property is privately rented and 19.5% 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 37, Marlborough Court, Luton, 23.5% of residents are recorded as possessing school level qualifications and 36.4% 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 37, Marlborough Court, 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 37, Marlborough Court, 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 37, Marlborough Court, 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.