LU1 5JP is a residential postcode situated on Meyrick Avenue, Luton, LU1 with 16 addresses.
It ranks as the 335th largest and 98th most expensive of the 818 postcodes in the LU1 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 16 properties: 16 flats.
LU1 5JP is a residential postcode situated on Meyrick Avenue, Luton, LU1 with 16 addresses.
It ranks as the 335th largest and 98th most expensive of the 818 postcodes in the LU1 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 16 properties: 16 flats.
Sale prices range from £92,800 for 1 bedroom leasehold flats (322 ft2) to £127,003 for 2 bedroom leasehold flats (613 ft2) .
Monthly rental prices range from £641 pcm for 1 bed flats to £855 pcm for 2 bed flats.
The gross rental yield is between 8.1% and 8.3%.
The average value per square foot is £223.
The last sale in LU1 5JP sold for £120,000 on 31st January 2025. Since then prices are up an average of 1.7%.
The current average value in the postcode is £114,423.
The LU1 5JP Sales Market has increased by 15.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £114,423 |
| April 2025 | 1.6% | £112,356 |
| April 2024 | -0.2% | £110,616 |
| April 2023 | 0.5% | £110,871 |
| April 2022 | 3.3% | £110,335 |
| April 2021 | 3.3% | £106,854 |
| April 2020 | 1.3% | £103,409 |
| April 2019 | -6.4% | £102,113 |
| April 2018 | 1.5% | £109,074 |
| April 2017 | 8.1% | £107,468 |
| April 2016 | 22.8% | £99,399 |
| April 2015 | 10.8% | £80,920 |
| April 2014 | 6.8% | £73,039 |
| April 2013 | 1.2% | £68,376 |
| April 2012 | -0.8% | £67,571 |
| April 2011 | 1.3% | £68,143 |
| April 2010 | 0.4% | £67,286 |
| April 2009 | -17.3% | £67,035 |
| April 2008 | -1% | £81,087 |
| April 2007 | 0% | £81,935 |
The current average rental value in the postcode is £782.
The LU1 5JP Rental Market has increased by 33.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £782pcm |
| April 2025 | 1.2% | £764pcm |
| April 2024 | 10.1% | £755pcm |
| April 2023 | 12.9% | £686pcm |
| April 2022 | 5.8% | £608pcm |
| April 2021 | -0.1% | £574pcm |
| April 2020 | -1.7% | £575pcm |
| April 2019 | -0.2% | £585pcm |
| April 2018 | -4% | £586pcm |
| April 2017 | 4.5% | £611pcm |
| April 2016 | 8.2% | £584pcm |
| April 2015 | 9.1% | £540pcm |
| April 2014 | 2.5% | £495pcm |
| April 2013 | -0.3% | £483pcm |
| April 2012 | 0.4% | £484pcm |
| April 2011 | 1.8% | £482pcm |
| April 2010 | 0% | £474pcm |
| April 2009 | -7.3% | £474pcm |
| April 2008 | 1.7% | £511pcm |
| April 2007 | 0% | £502pcm |
The last sale was on 31st January 2025 for £120,000 and since then the market in the area has increased by 1.7%. The postcode has had a total of 26 sales since 1995.
LU1 5JP has seen 2 sales in the last three years and no sales in the last twelve months.
LU1 5JP is the 335th largest and the 98th most expensive postcode out of the 818 postcodes in the LU1 area.
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The closest station to LU1 5JP is Luton station which is 1.0 kilometres away.
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