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House Prices in LU3

The average house price in LU3 (Luton) is £321,150 using HM Land Registry data.

The average property price increased by £72,097 (16.34%) over the last 5 years and increased by £14,446 (2.64%) over the last 12 months.

Over the last year, there were 381 residential property sales – a decrease of 172 transactions (-45.14%) relative to the previous year. The majority of house sales (86) were in the £236,000 - £292,000 range. Then came properties in the £292,000 - £348,000 range, where 86 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 111 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,582 (-3%).

In Oct 24, there were 78 new estate agency instructions, 86 agreed home sales and 56 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) - Oct 24

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
34 Bramingham Road, Luton, LU3 2SW	£395,000	£375,000	-£20,000	06 Apr 2023	16 Aug 2024	498 Days
20 Blundell Road, Luton, LU3 1SH	£340,000	£330,000	-£10,000	04 Apr 2024	31 Jul 2024	118 Days
117 Fourth Avenue, Luton, LU3 3BT	£285,000	£280,000	-£5,000	12 Apr 2024	26 Jul 2024	105 Days
9 Redgrave Gardens, Luton, LU3 3QN	£350,000	£340,000	-£10,000	15 Feb 2024	22 Jul 2024	158 Days
320 Sundon Park Road, Luton, LU3 3AR	£365,000	£351,000	-£14,000	08 Feb 2024	17 Jul 2024	160 Days
36 Holmbrook Avenue, Luton, LU3 2AS	£675,000	£675,000	£00	22 Feb 2024	16 Jul 2024	145 Days
17 Ventnor Gardens, Luton, LU3 3SL	£340,000	£332,000	-£8,000	25 Jan 2024	12 Jul 2024	169 Days
132 Culverhouse Road, Luton, LU3 1PZ	£425,000	£410,000	-£15,000	29 Sep 2023	05 Jul 2024	280 Days
88 Orchid Close, Luton, LU3 3EX	£185,000	£175,000	-£10,000	11 Jan 2024	28 Jun 2024	169 Days
1 Liddel Close, Luton, LU3 1TW	£295,000	£267,000	-£28,000	02 Jan 2024	28 Jun 2024	178 Days
89 Brompton Close, Luton, LU3 3QS	£325,000	£317,500	-£7,500	21 Sep 2023	17 Jun 2024	270 Days
107 Foxglove Way, Luton, LU3 1EA	£200,000	£195,000	-£5,000	05 Mar 2024	12 Jun 2024	99 Days
351 Turnpike Drive, Luton, LU3 3RE	£340,000	£335,000	-£5,000	12 Sep 2023	10 Jun 2024	272 Days
44 Luxembourg Close, Luton, LU3 3TD	£285,000	£270,000	-£15,000	26 Mar 2024	07 Jun 2024	73 Days
17 Launton Close, Luton, LU3 4BF	£465,000	£451,000	-£14,000	09 Feb 2024	30 May 2024	111 Days
14 Hurst Way, Luton, LU3 2SQ	£315,000	£265,000	-£50,000	26 Dec 2022	28 May 2024	519 Days
116 Brompton Close, Luton, LU3 3QU	£450,000	£425,000	-£25,000	26 Sep 2023	24 May 2024	241 Days
6 Snowford Close, Luton, LU3 3XU	£430,000	£420,000	-£10,000	02 Aug 2023	22 May 2024	294 Days
50 Winchester Gardens, Luton, LU3 3UD	£270,000	£252,000	-£18,000	21 Nov 2023	14 May 2024	175 Days
26 Turnpike Drive, Luton, LU3 3RA	£425,000	£412,000	-£13,000	26 Sep 2023	10 May 2024	227 Days

Most Expensive Streets in LU3 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU3 3PJ	Churchill Close, Streatley	Luton	£783,200	5
LU3 3PP	Sharpenhoe Road, Streatley	Luton	£682,416	6
LU3 3PL	Sundon Road, Streatley	Luton	£666,666	3
LU3 3PS	Sharpenhoe Road, Streatley	Luton	£614,833	6
LU3 3NH	Barton Road	Luton	£586,000	5
LU3 4EH	Milburn Close	Luton	£586,000	5
LU3 4HD	Hayton Close	Luton	£577,916	6
LU3 2BA	New Bedford Road	Luton	£551,666	3
LU3 2UG	Ailsworth Road	Luton	£540,000	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 3QY	Spear Close	Luton	£130,000	3
LU3 1BY	The Ridings	Luton	£132,500	5
LU3 2XS	Cavalier Close	Luton	£133,666	3
LU3 3TG	Copenhagen Close	Luton	£135,642	7
LU3 1AP	Holland Court, Biscot Road	Luton	£141,666	3
LU3 1BE	Braithwaite Court, Malzeard Road	Luton	£142,000	3
LU3 2QF	Marsh Road	Luton	£144,500	4
LU3 2BG	William Court, Sarum Road	Luton	£145,000	4
LU3 1AB	Nightingale Court	Luton	£145,500	4