LU1 5AE is a residential postcode situated on Wellington Street, Luton, LU1 with 11 addresses.
It ranks as the 242nd largest and 11th most expensive of the 818 postcodes in the LU1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 11 properties: 11 flats.
LU1 5AE is a residential postcode situated on Wellington Street, Luton, LU1 with 11 addresses.
It ranks as the 242nd largest and 11th most expensive of the 818 postcodes in the LU1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 11 properties: 11 flats.
Sale prices range from £89,121 for 1 bedroom leasehold flats (290 ft2) to £104,994 for 1 bedroom leasehold flats (409 ft2) .
Monthly rental prices range from £618 pcm for 1 bed flats to £714 pcm for 1 bed flats.
The gross rental yield is between 8.2% and 8.3%.
The average value per square foot is £301.
The last sale in LU1 5AE sold for £92,250 on 22nd July 2025. Since then prices are up an average of 0.7%.
The current average value in the postcode is £94,262.
The LU1 5AE Sales Market has increased by 16.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.4% | £94,262 |
| April 2025 | 1.8% | £92,029 |
| April 2024 | -0.2% | £90,363 |
| April 2023 | 0.4% | £90,521 |
| April 2022 | 3.4% | £90,119 |
| April 2021 | 3.4% | £87,161 |
| April 2020 | 0.9% | £84,264 |
| April 2019 | -6.3% | £83,477 |
| April 2018 | 1.4% | £89,056 |
| April 2017 | 8.3% | £87,789 |
| April 2016 | 22.7% | £81,031 |
| April 2015 | 11.1% | £66,018 |
| April 2014 | 7.3% | £59,441 |
| April 2013 | 0.9% | £55,410 |
| April 2012 | -1.2% | £54,917 |
| April 2011 | 1.2% | £55,593 |
| April 2010 | 0.3% | £54,946 |
| April 2009 | -17.3% | £54,805 |
| April 2008 | -0.7% | £66,237 |
| April 2007 | 0% | £66,676 |
The current average rental value in the postcode is £650.
The LU1 5AE Rental Market has increased by 35.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.9% | £650pcm |
| April 2025 | 1.4% | £632pcm |
| April 2024 | 10.2% | £623pcm |
| April 2023 | 12.9% | £566pcm |
| April 2022 | 5.9% | £501pcm |
| April 2021 | 0% | £473pcm |
| April 2020 | -2% | £473pcm |
| April 2019 | -0.1% | £483pcm |
| April 2018 | -4% | £483pcm |
| April 2017 | 4.8% | £504pcm |
| April 2016 | 8.2% | £481pcm |
| April 2015 | 9.3% | £444pcm |
| April 2014 | 3% | £407pcm |
| April 2013 | -0.6% | £395pcm |
| April 2012 | 0% | £397pcm |
| April 2011 | 1.7% | £397pcm |
| April 2010 | -0.2% | £390pcm |
| April 2009 | -7.2% | £391pcm |
| April 2008 | 2.1% | £421pcm |
| April 2007 | 0% | £413pcm |
The last sale was on 22nd July 2025 for £92,250 and since then the market in the area has increased by 0.7%. The postcode has had a total of 17 sales since 1995.
LU1 5AE has seen 2 sales in the last three years and 1 sale in the last twelve months.
LU1 5AE is the 242nd largest and the 11th most expensive postcode out of the 818 postcodes in the LU1 area.
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The closest station to LU1 5AE is Luton station which is 900 metres away.
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