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House Prices in LU1

The average house price in LU1 (Luton) is £205,606 using HM Land Registry data.

The average property price increased by £23,007 (39.19%) over the last 5 years and increased by £4,599 (5.43%) over the last 12 months.

Over the last year, there were 232 residential property sales – a decrease of 147 transactions (-63.36%) relative to the previous year. The majority of house sales (56) were in the £256,000 - £324,000 range. Then came properties in the £324,000 - £392,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,498 (-2%).

In June 2024, there were 75 new estate agency instructions, 57 agreed home sales and 53 property price reductions.

5-Year Average Property Prices in LU1 (Luton)

39.19%

Property prices in Luton increased by 39.19% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LU1 (Luton) Over the Last Year

5.43%

Property prices in Luton increased by 5.43% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for LU1 (Luton) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LU1 (Luton)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LU1 (Luton)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LU1 (Luton)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LU1 (Luton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LU1 postcode area since 1995.

Recent Sales in LU1 (Luton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
86 Wilsden Avenue, Luton, LU1 5HP	£325,000	£309,000	-£16,000	06 Sep 2023	08 Mar 2024	184 Days
15 Folly Lane, Caddington, Luton, Central Bedfordshire, LU1 4AQ	£550,000	£535,000	-£15,000	26 Oct 2023	01 Mar 2024	127 Days
22 Gladstone Avenue, Luton, LU1 1QL	£275,000	£262,500	-£12,500	30 Sep 2023	29 Feb 2024	152 Days
1 High Wood Close, Luton, LU1 5RZ	£340,000	£322,000	-£18,000	13 Nov 2023	12 Feb 2024	91 Days
43 Alton Road, Luton, LU1 3NS	£335,000	£310,000	-£25,000	18 Feb 2023	26 Jan 2024	342 Days
66 Hillary Crescent, Luton, LU1 5JH	£315,000	£315,000	£00	06 Jun 2023	20 Dec 2023	197 Days
14 Ormsby Close, Luton, LU1 3SN	£300,000	£285,000	-£15,000	03 Oct 2022	19 Dec 2023	442 Days
24 Ivy Road, Luton, LU1 1DN	£250,000	£210,000	-£40,000	06 Jun 2023	19 Dec 2023	196 Days
105 Crosslands, Caddington, Luton, Central Bedfordshire, LU1 4EP	£650,000	£637,500	-£12,500	24 Mar 2023	18 Dec 2023	269 Days
51 Ferndale Road, Luton, LU1 1PF	£250,000	£240,000	-£10,000	21 Mar 2023	18 Dec 2023	272 Days
125 London Road, Luton, LU1 3RJ	£1,195,000	£1,106,000	-£89,000	23 Jun 2023	08 Dec 2023	168 Days
181 Woodside Road, Woodside, Luton, Central Bedfordshire, LU1 4LU	£430,000	£430,000	£00	19 Jun 2023	01 Dec 2023	165 Days
1 Seymour Avenue, Luton, LU1 3NR	£295,000	£280,000	-£15,000	29 Jun 2023	30 Nov 2023	154 Days
4 Lawn Gardens, Luton, LU1 3UN	£220,000	£218,000	-£2,000	31 Jan 2023	25 Nov 2023	298 Days
22 Mancroft Road, Caddington, Luton, Bedfordshire, LU1 4EL	£309,950	£150,000	-£159,950	25 Jun 2021	21 Nov 2023	879 Days
49 Summer Street, Slip End, Luton, Central Bedfordshire, LU1 4BL	£350,000	£345,000	-£5,000	04 Jul 2023	15 Nov 2023	134 Days
11 Luton Road, Caddington, Luton, Central Bedfordshire, LU1 4AF	£315,000	£315,000	£00	11 Aug 2023	08 Nov 2023	89 Days
105 Manor Road, Caddington, Luton, Central Bedfordshire, LU1 4EF	£625,000	£600,000	-£25,000	22 Mar 2023	06 Nov 2023	229 Days
31 Hyde Road, Caddington, Luton, Central Bedfordshire, LU1 4HD	£425,000	£425,000	£00	25 Jul 2023	31 Oct 2023	98 Days
46 Summer Street, Slip End, Luton, Central Bedfordshire, LU1 4BN	£475,000	£464,444	-£10,556	12 Apr 2023	30 Oct 2023	201 Days

Most Expensive Streets in LU1 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU1 4AR	Millfield Lane, Caddington	Luton	£793,316	3
LU1 3RW	Ludlow Avenue	Luton	£695,357	7
LU1 4EN	Mancroft Road, Caddington	Luton	£665,000	4
LU1 4FH	Heron View, Caddington	Luton	£601,200	4
LU1 4AD	Luton Road, Caddington	Luton	£586,666	3
LU1 3FZ	Cherry Gate Gardens	Luton	£575,000	3
LU1 4FU	Magpie Meadows, Caddington	Luton	£567,112	50
LU1 4FT	Kestrel Grove, Caddington	Luton	£562,904	21
LU1 4EP	Crosslands, Caddington	Luton	£558,750	6
LU1 4EZ	Mardle Close, Caddington	Luton	£557,666	3

Least Expensive Streets in LU1 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU1 1QH	Cardiff Grove	Luton	£71,200	5
LU1 5FT	Dumfries Street	Luton	£79,049	9
LU1 2QP	Gordon Street	Luton	£87,333	3
LU1 1NP	Albany Court, Dallow Road	Luton	£101,000	3
LU1 1XW	Startpoint, Downs Road	Luton	£106,666	6
LU1 1QJ	Grove Road	Luton	£119,833	6
LU1 1BQ	Collingdon Street	Luton	£123,250	4
LU1 5DN	Hastings Street	Luton	£124,666	3
LU1 1XN	Startpoint, Downs Road	Luton	£127,000	4
LU1 1QD	Downs Road	Luton	£129,666	3