According to the public record, Flat M, Langham House East, Luton is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Langham House East, Mill Street, Luton, LU1.
Mill Street, Luton, LU1 is located within the LU1 postal district.
Flat M, Langham House East, Luton has 2 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated April 2016.
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 M Langham House East Luton as £158,046 and the rental value as £973 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat M Langham House East Luton has decreased by £937 (0.6%) and its rental value has increased by £58 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 M, Langham House East, Luton is in very good condition we estimate a sale value of £165,948 and rental value of £1,021 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £146,983 and a rental value of £905 per month.
If you were able to purchase this property for the estimated value of £158,046, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £777 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 M, Langham House East, Luton was last sold on 22 Feb 2023 for £150,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat M, Langham House East, Luton within a radius of 310 metres over the last 2 years.
The most recent example is Flat 6, Langham House, Mill Street, Luton, LU1 2NA, a Leasehold flat which sold for £170,000 in Jan 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 310 metres radius of Flat M, Langham House East, 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 M, Langham House East, Luton is the 26th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in LU1.
Flat M, Langham House East, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Apr 2016.
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 M, Langham House East, 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 M, Langham House East, 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 M, Langham House East, 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 M, Langham House East, 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 M, Langham House East, 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 M, Langham House East, 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.