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51 Princess Street is a residential building situated on Princess Street, Luton, LU1 with 3 addresses.
It ranks as the 561st largest and 400th most expensive of the 1,214 buildings in the LU1 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
51 Princess Street is a residential building situated on Princess Street, Luton, LU1 with 3 addresses.
It ranks as the 561st largest and 400th most expensive of the 1,214 buildings in the LU1 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
Sale prices range from £110,272 for 1 bedroom leasehold flats with a garden (290 ft2) to £161,834 for 2 bedroom leasehold flats (635 ft2) .
Monthly rental prices range from £737 pcm for 1 bed flats to £1,067 pcm for 2 bed flats.
The gross rental yield is between 7.9% and 8.0%.
The average value per square foot is £344.
The last sale in 51 Princess Street sold for £50,000 on 23rd February 2001. Since then prices are down an average of 0.0%.
The current average value in the building is £131,420.
The 51 Princess Street Sales Market has increased by 12.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.5% | £131,420 |
| May 2025 | 2.1% | £130,824 |
| May 2024 | 0.4% | £128,175 |
| May 2023 | -0.8% | £127,714 |
| May 2022 | 5.3% | £128,786 |
| May 2021 | 2.6% | £122,357 |
| May 2020 | 1.8% | £119,231 |
| May 2019 | -6.2% | £117,147 |
| May 2018 | 0.7% | £124,863 |
| May 2017 | 6.4% | £124,031 |
| May 2016 | 23.8% | £116,571 |
| May 2015 | 10.8% | £94,133 |
| May 2014 | 7.1% | £84,969 |
| May 2013 | 1.9% | £79,311 |
| May 2012 | 0.1% | £77,796 |
| May 2011 | 0.3% | £77,686 |
| May 2010 | 2.4% | £77,416 |
| May 2009 | -17.8% | £75,631 |
| May 2008 | -2.9% | £91,958 |
| May 2007 | 0% | £94,687 |
The current average rental value in the building is £872.
The 51 Princess Street Rental Market has increased by 35.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.2% | £872pcm |
| May 2025 | 1.8% | £852pcm |
| May 2024 | 8.5% | £838pcm |
| May 2023 | 15.6% | £772pcm |
| May 2022 | 6% | £668pcm |
| May 2021 | 0.4% | £630pcm |
| May 2020 | -1.8% | £627pcm |
| May 2019 | 0.1% | £639pcm |
| May 2018 | -4% | £638pcm |
| May 2017 | 3.1% | £665pcm |
| May 2016 | 8% | £645pcm |
| May 2015 | 9.1% | £597pcm |
| May 2014 | 4.2% | £547pcm |
| May 2013 | 0.2% | £525pcm |
| May 2012 | 0.4% | £524pcm |
| May 2011 | 2.8% | £522pcm |
| May 2010 | -0.1% | £508pcm |
| May 2009 | -8.3% | £508pcm |
| May 2008 | 1.6% | £554pcm |
| May 2007 | 0% | £546pcm |
The last sale was on 23rd February 2001 for £50,000 and since then the market in the area has remained stable. The building has had a total of 1 sales since 1995.
51, Princess Street, Luton, LU1 5AT has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 51, Princess Street, Luton, LU1 5AT is Luton station which is 800 metres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 51, Princess Street, Luton, LU1 5AT, 83.3% of property is privately rented and 5.6% is privately owned outright.
The graph below shows how this compares to East of England 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 51, Princess Street, Luton, LU1 5AT, 26.3% of residents are recorded as possessing school level qualifications and 40.2% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 51, Princess Street, Luton, LU1 5AT, the average age was 33.3 and the most common age was 32.
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 51, Princess Street, Luton, LU1 5AT, 0.0% 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 51, Princess Street, Luton, LU1 5AT, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.