According to the public record, Flat 6, 26A , Wellington Street, Luton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 418 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 26A, Wellington Street, Luton, LU1.
Wellington Street, Luton, LU1 is located within the LU1 postal district.
Flat 6, 26A , Wellington Street, Luton has a single entry in the Land Registry database from April 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 6 26A Wellington Street Luton as £130,295 and the rental value as £782 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 6 26A Wellington Street Luton has decreased by £584 (0.4%) and its rental value has increased by £48 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 6, 26A , Wellington Street, Luton is in very good condition we estimate a sale value of £136,810 and rental value of £822 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £121,175 and a rental value of £728 per month.
If you were able to purchase this property for the estimated value of £130,295, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £640 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 6, 26A , Wellington Street, Luton was last sold on 23 Apr 2008 for £80,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2008, the market for similar properties has risen 44.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 26A , Wellington Street, Luton within a radius of 320 metres over the last 2 years.
The most recent example is 51C, Buxton Road, Luton, LU1 1RE, a Leasehold flat which sold for £140,000 in Feb 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 320 metres radius of Flat 6, 26A , Wellington Street, Luton over the last 2 years.
Most recently 52, Cardigan Street, Luton, LU1 1RR, a Freehold house let by Andrea & Co in Sep 2023.
Wellington Street, Luton, LU1 has a total of 377 addresses. According to our analysis of all the public data, Flat 6, 26A , Wellington Street, Luton is the 166th largest and the 188th most expensive property on the street.
When compared to the postcode district it is £129k less expensive than the average property in LU1.
The closest station to Flat 6, 26A , Wellington Street, 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 Flat 6, 26A , Wellington Street, Luton, 47.3% of property is privately owned with a mortgage and 41.2% 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 6, 26A , Wellington Street, Luton, 16.1% of residents are recorded as possessing school level qualifications and 42.4% 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 6, 26A , Wellington Street, 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 6, 26A , Wellington Street, Luton, 1.3% 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 6, 26A , Wellington Street, Luton, there are an average of 1.8 cars per household.
See below for how this compares to East of England and the rest of England & Wales.