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The Balcony Hancock Drive is a residential building situated on Hancock Drive, Luton, LU2 with 11 addresses.
It ranks as the 501st largest and 429th most expensive of the 589 buildings in the LU2 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 11 properties: 11 flats.
The Balcony Hancock Drive is a residential building situated on Hancock Drive, Luton, LU2 with 11 addresses.
It ranks as the 501st largest and 429th most expensive of the 589 buildings in the LU2 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 11 properties: 11 flats.
Sale prices range from £184,262 for 2 bedroom leasehold flats (678 ft2) to £240,880 for 3 bedroom leasehold flats (1,140 ft2) .
Monthly rental prices range from £993 pcm for 2 bed flats to £1,300 pcm for 3 bed flats.
The gross rental yield is between 6.3% and 6.5%.
The average value per square foot is £243.
The last sale in The Balcony Hancock Drive sold for £210,000 on 11th March 2022. Since then prices are down an average of 2.4%.
The current average value in the building is £205,500.
The The Balcony Hancock Drive Sales Market has increased by 9.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -2.5% | £205,500 |
| May 2025 | -0.1% | £210,752 |
| May 2024 | -0.5% | £210,914 |
| May 2023 | -1.3% | £211,888 |
| May 2022 | 8.2% | £214,655 |
| May 2021 | 3.2% | £198,339 |
| May 2020 | 0.1% | £192,184 |
| May 2019 | -2.7% | £192,023 |
| May 2018 | 0.3% | £197,300 |
| May 2017 | 4.9% | £196,679 |
| May 2016 | 18.4% | £187,486 |
| May 2015 | 12.4% | £158,285 |
| May 2014 | 7% | £140,878 |
| May 2013 | 0.5% | £131,623 |
| May 2012 | -0.5% | £130,973 |
| May 2011 | 0.1% | £131,684 |
| May 2010 | 4.1% | £131,565 |
| May 2009 | -14.2% | £126,369 |
| May 2008 | -3% | £147,237 |
| May 2007 | 0% | £151,727 |
The current average rental value in the building is £1,099.
The The Balcony Hancock Drive Rental Market has increased by 31.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.8% | £1,099pcm |
| May 2025 | 0.3% | £1,108pcm |
| May 2024 | 11.4% | £1,105pcm |
| May 2023 | 12.3% | £992pcm |
| May 2022 | 3.6% | £883pcm |
| May 2021 | 2.3% | £852pcm |
| May 2020 | 1.6% | £834pcm |
| May 2019 | -0.5% | £820pcm |
| May 2018 | -3.4% | £825pcm |
| May 2017 | 1.9% | £853pcm |
| May 2016 | 8% | £837pcm |
| May 2015 | 7.4% | £775pcm |
| May 2014 | 2.5% | £722pcm |
| May 2013 | 0.3% | £704pcm |
| May 2012 | 2.2% | £702pcm |
| May 2011 | 4.7% | £687pcm |
| May 2010 | 1.3% | £656pcm |
| May 2009 | -7.1% | £648pcm |
| May 2008 | 0.5% | £697pcm |
| May 2007 | 0% | £694pcm |
The last sale was on 11th March 2022 for £210,000 and since then the market in the area has decreased by 2.4%. The building has had a total of 14 sales since 1995.
The Balcony, Hancock Drive, Luton, LU2 7SF has seen no sales in the last three years and no sales in the last twelve months.
The closest station to The Balcony, Hancock Drive, Luton, LU2 7SF is Luton station which is 2.9 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around The Balcony, Hancock Drive, Luton, LU2 7SF, 41.9% of property is privately owned outright and 29.1% is privately rented.
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 The Balcony, Hancock Drive, Luton, LU2 7SF, 21.2% of residents are recorded as possessing school level qualifications and 33.8% 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 The Balcony, Hancock Drive, Luton, LU2 7SF, the average age was 37.9 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 The Balcony, Hancock Drive, Luton, LU2 7SF, 0.9% 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 The Balcony, Hancock Drive, Luton, LU2 7SF, there are an average of 1.2 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, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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.