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House Prices in LU3

The average house price in LU3 (Luton) is £282,950 using HM Land Registry data.

The average property price increased by £76,939 (16.34%) over the last 5 years and increased by £15,381 (2.64%) over the last 12 months.

Over the last year, there were 409 residential property sales – a decrease of 208 transactions (-50.86%) relative to the previous year. The majority of house sales (102) were in the £278,000 - £332,000 range. Then came properties in the £332,000 - £386,000 range, where 76 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,582 (-3%).

In June 2024, there were 104 new estate agency instructions, 86 agreed home sales and 49 property price reductions.

5-Year Average Property Prices in LU3 (Luton)

16.34%

Property prices in Luton increased by 16.34% 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 LU3 (Luton) Over the Last Year

2.64%

Property prices in Luton increased by 2.64% 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 LU3 (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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 LU3 (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 LU3 (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 LU3 (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 LU3 (Luton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LU3 postcode area since 1995.

Recent Sales in LU3 (Luton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
50 Winchester Gardens, Luton, LU3 3UD	£270,000	£252,000	-£18,000	21 Nov 2023	14 May 2024	175 Days
64 Solway Road North, Luton, LU3 1TU	£270,000	£267,500	-£2,500	02 Jan 2024	17 Apr 2024	106 Days
306 Leagrave Road, Luton, LU3 1RD	£300,000	£292,000	-£8,000	02 Oct 2023	11 Apr 2024	192 Days
29 Kirby Drive, Luton, LU3 4AJ	£650,000	£645,000	-£5,000	20 Oct 2023	03 Apr 2024	166 Days
86 Marsom Grove, Luton, LU3 4BQ	£470,000	£460,000	-£10,000	07 Sep 2023	26 Mar 2024	201 Days
13 Snowford Close, Luton, LU3 3XU	£450,000	£425,000	-£25,000	22 Sep 2023	25 Mar 2024	185 Days
96 Brompton Close, Luton, LU3 3QU	£425,000	£410,000	-£15,000	20 Jul 2023	25 Mar 2024	249 Days
49 Fallowfield, Luton, LU3 1UL	£360,000	£350,000	-£10,000	18 Oct 2023	21 Mar 2024	155 Days
42 Riddy Lane, Luton, LU3 2AG	£450,000	£425,000	-£25,000	24 Oct 2023	06 Mar 2024	134 Days
67 Whitwell Close, Luton, LU3 4BT	£310,000	£305,000	-£5,000	09 Nov 2023	26 Feb 2024	109 Days
25 Brackendale Grove, Luton, LU3 2LT	£265,000	£250,000	-£15,000	24 Oct 2023	02 Feb 2024	101 Days
59 Bramingham Road, Luton, LU3 2SL	£325,000	£320,000	-£5,000	19 Sep 2023	31 Jan 2024	134 Days
52 Grosvenor Road, Luton, LU3 2EG	£350,000	£313,000	-£37,000	24 Jul 2023	29 Jan 2024	189 Days
99 Runfold Avenue, Luton, LU3 2EL	£280,000	£280,000	£00	30 Oct 2023	26 Jan 2024	88 Days
51 Axe Close, Luton, LU3 3LT	£280,000	£280,000	£00	16 Oct 2023	26 Jan 2024	102 Days
19 Glenfield Road, Luton, LU3 2HZ	£400,000	£385,000	-£15,000	19 Jul 2023	19 Jan 2024	184 Days
144 Grampian Way, Luton, LU3 3HT	£300,000	£300,000	£00	04 Oct 2023	18 Jan 2024	106 Days
74 St Augustine Avenue, Luton, LU3 1QD	£300,000	£285,000	-£15,000	11 Sep 2023	18 Jan 2024	129 Days
16 Harbury Dell, Luton, LU3 3XH	£575,000	£540,000	-£35,000	25 Apr 2023	12 Jan 2024	262 Days
59 Dane Road, Luton, LU3 1JW	£230,000	£230,000	£00	23 Sep 2023	10 Jan 2024	109 Days

Most Expensive Streets in LU3 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU3 3PJ	Churchill Close, Streatley	Luton	£783,200	5
LU3 3PS	Sharpenhoe Road, Streatley	Luton	£729,142	7
LU3 2BB	Barton Road	Luton	£705,000	3
LU3 3PP	Sharpenhoe Road, Streatley	Luton	£682,416	6
LU3 3PL	Sundon Road, Streatley	Luton	£666,666	3
LU3 3NH	Barton Road	Luton	£613,750	4
LU3 4HD	Hayton Close	Luton	£577,916	6
LU3 4EH	Milburn Close	Luton	£576,250	4
LU3 2BA	New Bedford Road	Luton	£551,666	3
LU3 1LW	New Bedford Road	Luton	£532,500	4

Least Expensive Streets in LU3 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU3 1DU	Downton Court, Brook Street, Luton	Luton	£126,000	3
LU3 1BY	The Ridings	Luton	£128,687	8
LU3 3QY	Spear Close	Luton	£130,000	3
LU3 2XS	Cavalier Close	Luton	£133,666	3
LU3 3TG	Copenhagen Close	Luton	£137,900	5
LU3 1BB	Studley Road	Luton	£141,166	6
LU3 1AB	Nightingale Court	Luton	£144,000	3
LU3 2BG	William Court, Sarum Road	Luton	£145,000	4
LU3 3TE	Copenhagen Close	Luton	£147,000	4
LU3 4DD	Campania Grove	Luton	£153,425	10