Richards Close - LU1 5LL
Key Postcode Insights
LU1 5LL is a residential postcode situated on Richards Close, Luton, LU1 with 4 addresses.
It ranks as the 87th largest and 550th most expensive of the 822 postcodes in the LU1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 4 properties: 4 houses.
- Ave. Sale Price
- £319,610
- 10 Year change
- up 23.5%
- Ave. Rental Price
- £1,617pcm
- 10 Year change
- up 51.0%
- Ave. £ per ft²
- £320/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Postcode Insights
LU1 5LL is a residential postcode situated on Richards Close, Luton, LU1 with 4 addresses.
It ranks as the 87th largest and 550th most expensive of the 822 postcodes in the LU1 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 4 properties: 4 houses.
- Ave. Sale Price
- £319,610
- 10 Year change
- up 23.5%
- Ave. Rental Price
- £1,617pcm
- 10 Year change
- up 51.0%
- Ave. £ per ft²
- £320/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Propertiesin LU1 5LL
- 1 Richards Close
3 Bed Mid-century House
- 2 Richards Close
3 Bed Mid-century House
- 3 Richards Close
4 Bed Mid-century House
- 4 Richards Close
Unknown
Sales Market Trends
The last sale in LU1 5LL sold for £300,000 on 20th March 2025. Since then prices have on average remained the same.
The current average value in the postcode is £319,610.
The LU1 5LL Sales Market has increased by 23.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.8% | £319,610 |
| June 2025 | 2.9% | £322,093 |
| June 2024 | -0.7% | £312,992 |
| June 2023 | -0.3% | £315,231 |
| June 2022 | 9% | £316,032 |
| June 2021 | 5.6% | £289,947 |
| June 2020 | 3.3% | £274,520 |
| June 2019 | -4.9% | £265,783 |
| June 2018 | 1.9% | £279,482 |
| June 2017 | 6% | £274,197 |
| June 2016 | 23.3% | £258,737 |
| June 2015 | 11.3% | £209,789 |
| June 2014 | 6.7% | £188,527 |
| June 2013 | 5.1% | £176,652 |
| June 2012 | 1.4% | £168,116 |
| June 2011 | 1.4% | £165,718 |
| June 2010 | 9% | £163,398 |
| June 2009 | -15.8% | £149,841 |
| June 2008 | -4.2% | £177,929 |
| June 2007 | 0% | £185,659 |
Rental Market Trends
The current average rental value in the postcode is £1,617.
The LU1 5LL Rental Market has increased by 51.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.3% | £1,617pcm |
| June 2025 | 2.5% | £1,581pcm |
| June 2024 | 6.6% | £1,542pcm |
| June 2023 | 17.4% | £1,446pcm |
| June 2022 | 9.9% | £1,231pcm |
| June 2021 | 4.1% | £1,121pcm |
| June 2020 | -1% | £1,077pcm |
| June 2019 | 1.8% | £1,087pcm |
| June 2018 | -2.3% | £1,068pcm |
| June 2017 | 2.1% | £1,093pcm |
| June 2016 | 6.8% | £1,071pcm |
| June 2015 | 10% | £1,003pcm |
| June 2014 | 4.7% | £911pcm |
| June 2013 | 1.9% | £870pcm |
| June 2012 | 2.3% | £854pcm |
| June 2011 | 4% | £835pcm |
| June 2010 | 5.6% | £803pcm |
| June 2009 | -6.3% | £761pcm |
| June 2008 | 1% | £812pcm |
| June 2007 | 0% | £804pcm |
Sales History
The last sale was on 20th March 2025 for £300,000 and since then the market in the area has remained stable. The postcode has had a total of 4 sales since 1995.
LU1 5LL has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Mar 2025£300,000 | 3 Bed House2, Richards Close, Luton, LU1 5LL2, Richards Close, Luton, LU1 5LL
- Sold Apr 2005£125,500 | 3 Bed House4, Richards Close, Luton, LU1 5LL4, Richards Close, Luton, LU1 5LL
- Sold Jun 2003£120,000 | 3 Bed House2, Richards Close, Luton, LU1 5LL2, Richards Close, Luton, LU1 5LL
- Sold Feb 2000£61,500 | 3 Bed House2, Richards Close, Luton, LU1 5LL2, Richards Close, Luton, LU1 5LL
Nearby Postcodes
LU1 5LL is the 87th largest and the 550th most expensive postcode out of the 822 postcodes in the LU1 area.
- LU1 5LN, Richards Close, Luton, LU1LU1 5LN8 Addresses|20 m away
- LU1 5LW, Santingfield South, Luton, LU1LU1 5LW16 Addresses|65 m away
- LU1 5PX, Southdrift Way, Luton, LU1LU1 5PX31 Addresses|69 m away
- LU1 5PT, Friars Close, Luton, LU1LU1 5PT12 Addresses|72 m away
- LU1 5PS, Friars Close, Luton, LU1LU1 5PS6 Addresses|80 m away
Property Types
- 3 mid-century houses built between 1936 and 1979
- 1 other address of unknown type
- mid-century house (3)
- Unknown (1)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The most common rating is B.
- A (0)
- E (1)
- B (1)
- F (0)
- C (1)
- G (0)
- D (0)
- No EPC (1)
Top 3 Most Expensive Sales
- Sold Mar 2025£300,000 | 3 Bed House2, Richards Close, Luton, LU1 5LL2, Richards Close, Luton, LU1 5LL
- Sold Apr 2005£125,500 | 3 Bed House4, Richards Close, Luton, LU1 5LL4, Richards Close, Luton, LU1 5LL
- Sold Jun 2003£120,000 | 3 Bed House2, Richards Close, Luton, LU1 5LL2, Richards Close, Luton, LU1 5LL
Schools Nearby
- St Margaret of Scotland Catholic Primary School200 m away
- Farley Junior Academy300 m away
- Whipperley Infant Academy500 m away
- The Stockwood Park Academy400 m away
- Denbigh High School2.2 km away
- Chiltern Academy2.4 km away
More reading links
Public Transport Nearby
The closest station to LU1 5LL is Luton station, which is 1.8 kilometres away.
- Luton|1.8 km away
- Luton Airport Parkway|2.7 km away
- Leagrave|3.9 km away
- Harpenden|8.7 km away
