LU1 5GG is a residential postcode situated on Griggs Gardens, Luton, LU1 with 4 addresses.
It ranks as the 87th largest and 625th most expensive of the 818 postcodes in the LU1 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 4 properties: 4 houses.
LU1 5GG is a residential postcode situated on Griggs Gardens, Luton, LU1 with 4 addresses.
It ranks as the 87th largest and 625th most expensive of the 818 postcodes in the LU1 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 4 properties: 4 houses.
Sale prices range from £310,405 for 3 bedroom freehold houses with a garden (807 ft2) to £351,040 for 3 bedroom freehold houses with a garden (1,033 ft2) .
Monthly rental prices range from £1,520 pcm for 3 bed houses to £1,613 pcm for 3 bed houses.
The gross rental yield is between 5.5% and 5.9%.
The average value per square foot is £360.
The current average value in the postcode is £331,288.
The LU1 5GG Sales Market has increased by 30.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.7% | £331,288 |
| April 2025 | 2.9% | £325,760 |
| April 2024 | -1.6% | £316,610 |
| April 2023 | 2.5% | £321,780 |
| April 2022 | 7.9% | £313,982 |
| April 2021 | 6.6% | £291,114 |
| April 2020 | 1.8% | £272,998 |
| April 2019 | -5% | £268,181 |
| April 2018 | 2.9% | £282,330 |
| April 2017 | 8.1% | £274,463 |
| April 2016 | 23.4% | £253,826 |
| April 2015 | 10.7% | £205,624 |
| April 2014 | 7.6% | £185,734 |
| April 2013 | 5.6% | £172,693 |
| April 2012 | 1.5% | £163,594 |
| April 2011 | 1.2% | £161,139 |
| April 2010 | 4.8% | £159,226 |
| April 2009 | -17.4% | £151,911 |
| April 2008 | 0.1% | £183,937 |
| April 2007 | 0% | £183,698 |
The current average rental value in the postcode is £1,569.
The LU1 5GG Rental Market has increased by 51.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.1% | £1,569pcm |
| April 2025 | 2.5% | £1,536pcm |
| April 2024 | 8.6% | £1,499pcm |
| April 2023 | 15.1% | £1,380pcm |
| April 2022 | 10.4% | £1,199pcm |
| April 2021 | 3.1% | £1,085pcm |
| April 2020 | -1.2% | £1,053pcm |
| April 2019 | 1.2% | £1,065pcm |
| April 2018 | -2.7% | £1,052pcm |
| April 2017 | 4.5% | £1,081pcm |
| April 2016 | 8.8% | £1,034pcm |
| April 2015 | 8.9% | £950pcm |
| April 2014 | 3.2% | £872pcm |
| April 2013 | 4% | £845pcm |
| April 2012 | 2.8% | £812pcm |
| April 2011 | 1.7% | £790pcm |
| April 2010 | 4.3% | £777pcm |
| April 2009 | -7.4% | £744pcm |
| April 2008 | 2.9% | £804pcm |
| April 2007 | 0% | £781pcm |
LU1 5GG is the 87th largest and the 625th most expensive postcode out of the 818 postcodes in the LU1 area.
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The closest station to LU1 5GG is Luton station which is 2.0 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 LU1 5GG, 39.6% of property is privately owned with a mortgage and 22.1% is socially 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 LU1 5GG, 32.1% of residents are recorded as possessing school level qualifications and 28.2% 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 LU1 5GG, 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 LU1 5GG, 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 LU1 5GG, 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.