As updated by Leslie & Co in Mar 2024, Flat E, Langham House West, Luton is a modern 90 year lease apartment with 731 ft2 of internal area comprising 2 bedrooms .
There are 90 years remaining on the lease.
The apartment is in Langham House West, Mill Street, Luton, LU1.
Mill Street, Luton, LU1 is located within the LU1 postal district.
Based on both the data supplied by Leslie & Co and the public information available in the area, we estimate the current sale value for Flat E Langham House West Luton as £237,300 and the rental value as £1,204 per month giving an expected gross yield of 6.1%.
Leslie & Co described the decorative condition as fair in Mar 2024.
Over the last 12 months the sale value of Flat E Langham House West Luton has decreased by £1,407 (0.6%) and its rental value has increased by £72 per month (5.9%).
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 E, Langham House West, Luton is in very good condition we estimate a sale value of £249,164 and rental value of £1,264 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,689 and a rental value of £1,120 per month.
If you were able to purchase this property for the estimated value of £237,300, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,166 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 E, Langham House West, Luton was last sold on 30 Jan 2015 for £145,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 40.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat E, Langham House West, Luton within a radius of 310 metres over the last 2 years.
The most recent example is Flat O, Langham House West, Mill Street, Luton, LU1 2NA, a Leasehold flat which sold for £215,000 in Nov 2017.
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 310 metres radius of Flat E, Langham House West, Luton over the last 2 years.
Most recently 52, Cardigan Street, Luton, LU1 1RR, a Freehold house let by Andrea & Co in Sep 2023.
Mill Street, Luton, LU1 has a total of 105 addresses. According to our analysis of all the public data, Flat E, Langham House West, Luton is the 7th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £22k less expensive than the average property in LU1.
Flat E, Langham House West, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Apr 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat E, Langham House West, Luton is Luton station which is 300 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 E, Langham House West, 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 E, Langham House West, 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 E, Langham House West, 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 E, Langham House West, 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 E, Langham House West, 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.