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Cornel Court Cornel Close is a residential building situated on Cornel Close, Luton, LU1 with 8 addresses.
It ranks as the 975th largest and 556th most expensive of the 1,214 buildings in the LU1 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 8 properties: 8 flats.
Cornel Court Cornel Close is a residential building situated on Cornel Close, Luton, LU1 with 8 addresses.
It ranks as the 975th largest and 556th most expensive of the 1,214 buildings in the LU1 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 8 properties: 8 flats.
Sale prices range from £138,119 for 2 bedroom leasehold flats (527 ft2) to £142,898 for 2 bedroom leasehold flats (570 ft2) .
Monthly rental prices range from £979 pcm for 2 bed flats to £1,007 pcm for 2 bed flats.
The gross rental yield is between 8.5% and 8.5%.
The average value per square foot is £256.
The last sale in Cornel Court Cornel Close sold for £98,000 on 11th February 2008. Since then prices are up an average of 36.9%.
The current average value in the building is £140,383.
The Cornel Court Cornel Close Sales Market has increased by 11.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0% | £140,383 |
| May 2025 | 1.5% | £140,367 |
| May 2024 | 0% | £138,279 |
| May 2023 | -0.7% | £138,240 |
| May 2022 | 5.1% | £139,173 |
| May 2021 | 2.6% | £132,411 |
| May 2020 | 1.7% | £129,035 |
| May 2019 | -6.1% | £126,838 |
| May 2018 | 0.5% | £135,101 |
| May 2017 | 6.4% | £134,416 |
| May 2016 | 23.5% | £126,370 |
| May 2015 | 11% | £102,324 |
| May 2014 | 6.8% | £92,174 |
| May 2013 | 2% | £86,333 |
| May 2012 | 0.1% | £84,653 |
| May 2011 | 0.7% | £84,527 |
| May 2010 | 2.8% | £83,931 |
| May 2009 | -17.8% | £81,674 |
| May 2008 | -3.2% | £99,373 |
| May 2007 | 0% | £102,634 |
The current average rental value in the building is £992.
The Cornel Court Cornel Close Rental Market has increased by 33.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 1.8% | £992pcm |
| May 2025 | 1.2% | £975pcm |
| May 2024 | 8.4% | £963pcm |
| May 2023 | 15.5% | £888pcm |
| May 2022 | 5.6% | £769pcm |
| May 2021 | 0.5% | £728pcm |
| May 2020 | -1.6% | £724pcm |
| May 2019 | -0.1% | £737pcm |
| May 2018 | -4.1% | £737pcm |
| May 2017 | 3% | £769pcm |
| May 2016 | 8% | £746pcm |
| May 2015 | 9.1% | £691pcm |
| May 2014 | 3.7% | £633pcm |
| May 2013 | 0.3% | £610pcm |
| May 2012 | 0.6% | £608pcm |
| May 2011 | 3.3% | £605pcm |
| May 2010 | 0.2% | £586pcm |
| May 2009 | -8.3% | £585pcm |
| May 2008 | 1.2% | £638pcm |
| May 2007 | 0% | £630pcm |
The last sale was on 11th February 2008 for £98,000 and since then the market in the area has increased by 36.9%. The building has had a total of 2 sales since 1995.
Cornel Court, Cornel Close, Luton, LU1 5SL has seen no sales in the last three years and no sales in the last twelve months.
The closest station to Cornel Court, Cornel Close, Luton, LU1 5SL is Luton station, which is 1.9 kilometres away.
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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 Cornel Court, Cornel Close, Luton, LU1 5SL, 37.9% of property is socially rented and 25.9% 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 Cornel Court, Cornel Close, Luton, LU1 5SL, 32.9% of residents are recorded as possessing school level qualifications and 22.1% 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 Cornel Court, Cornel Close, Luton, LU1 5SL, the average age was 34.4 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 Cornel Court, Cornel Close, Luton, LU1 5SL, 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 Cornel Court, Cornel Close, Luton, LU1 5SL, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.