According to the public record, Flat 8, Wellington Court, Luton is a modern leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wellington Court, Wellington Street, Luton, LU1.
Wellington Street, Luton, LU1 is located within the LU1 postal district.
Flat 8, Wellington Court, Luton has a single entry in the Land Registry database from August 2010 and a single entry in the EPC database dated March 2020.
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 8 Wellington Court Luton as £168,230 and the rental value as £1,007 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 8 Wellington Court Luton has decreased by £956 (0.6%) and its rental value has increased by £61 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 8, Wellington Court, Luton is in very good condition we estimate a sale value of £176,642 and rental value of £1,058 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,454 and a rental value of £937 per month.
If you were able to purchase this property for the estimated value of £168,230, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £827 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 8, Wellington Court, Luton was last sold on 16 Aug 2010 for £93,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2010, the market for similar properties has risen 65.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Wellington Court, Luton within a radius of 290 metres over the last 2 years.
The most recent example is 71, Dumfries Street, Luton, LU1 5BU, a Leasehold flat which sold for £155,000 in Aug 2021.
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 8, Wellington Court, Luton is the 67th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in LU1.
Flat 8, Wellington Court, Luton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 8, Wellington Court, 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 8, Wellington Court, 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 8, Wellington Court, 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 8, Wellington Court, 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 8, Wellington Court, 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 8, Wellington 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.