Red Rails - LU1 5NE
Key Postcode Insights
LU1 5NE is a residential postcode situated on Red Rails, Luton, LU1 with 17 addresses.
It ranks as the 361st largest and 732nd 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 17 properties: 17 houses.
- Ave. Sale Price
- £389,074
- 10 Year change
- up 24.8%
- Ave. Rental Price
- £1,646pcm
- 10 Year change
- up 52.6%
- Ave. £ per ft²
- £462/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Key Postcode Insights
LU1 5NE is a residential postcode situated on Red Rails, Luton, LU1 with 17 addresses.
It ranks as the 361st largest and 732nd 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 17 properties: 17 houses.
- Ave. Sale Price
- £389,074
- 10 Year change
- up 24.8%
- Ave. Rental Price
- £1,646pcm
- 10 Year change
- up 52.6%
- Ave. £ per ft²
- £462/ft²
- Ave. Gross Yield
- 5.1%/year/yr
Explore Propertiesin LU1 5NE
- 42A Red Rails
3 Bed Modern House
- 42 Red Rails
2 Bed Mid-century House
- 44 Red Rails
Unknown
- 46 Red Rails
3 Bed Mid-century House
- 48 Red Rails
3 Bed Mid-century House
Sales Market Trends
The last sale in LU1 5NE sold for £330,000 on 20th April 2023. Since then prices are up an average of 1.3%.
The current average value in the postcode is £389,074.
The LU1 5NE Sales Market has increased by 24.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.3% | £389,074 |
| June 2025 | 3.2% | £390,338 |
| June 2024 | -1% | £378,227 |
| June 2023 | -0.1% | £382,018 |
| June 2022 | 9.7% | £382,524 |
| June 2021 | 5.6% | £348,747 |
| June 2020 | 3.2% | £330,180 |
| June 2019 | -5.4% | £319,941 |
| June 2018 | 1.9% | £338,252 |
| June 2017 | 6.4% | £331,791 |
| June 2016 | 24.3% | £311,729 |
| June 2015 | 11.9% | £250,770 |
| June 2014 | 7.2% | £224,162 |
| June 2013 | 4.8% | £209,163 |
| June 2012 | 1.6% | £199,568 |
| June 2011 | 1.1% | £196,479 |
| June 2010 | 8% | £194,331 |
| June 2009 | -16.2% | £179,965 |
| June 2008 | -3.9% | £214,858 |
| June 2007 | 0% | £223,633 |
Rental Market Trends
The current average rental value in the postcode is £1,646.
The LU1 5NE Rental Market has increased by 52.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.8% | £1,646pcm |
| June 2025 | 2.8% | £1,602pcm |
| June 2024 | 6.3% | £1,558pcm |
| June 2023 | 17.6% | £1,466pcm |
| June 2022 | 10.6% | £1,246pcm |
| June 2021 | 4.1% | £1,127pcm |
| June 2020 | -1.1% | £1,082pcm |
| June 2019 | 1.3% | £1,095pcm |
| June 2018 | -2.3% | £1,080pcm |
| June 2017 | 2.5% | £1,106pcm |
| June 2016 | 7.6% | £1,078pcm |
| June 2015 | 10.7% | £1,003pcm |
| June 2014 | 5.2% | £906pcm |
| June 2013 | 1.6% | £861pcm |
| June 2012 | 2.4% | £848pcm |
| June 2011 | 3.6% | £828pcm |
| June 2010 | 4.5% | £799pcm |
| June 2009 | -6.8% | £764pcm |
| June 2008 | 1.2% | £820pcm |
| June 2007 | 0% | £810pcm |
Sales History
The last sale was on 20th April 2023 for £330,000 and since then the market in the area has increased by 1.3%. The postcode has had a total of 19 sales since 1995.
LU1 5NE has seen 1 sale in the last three years and no sales in the last twelve months.
- Sold Apr 2023£330,000 | 3 Bed House54, Red Rails, Luton, LU1 5NE54, Red Rails, Luton, LU1 5NE
- Sold Dec 2022£340,000 | 2 Bed House42, Red Rails, Luton, LU1 5NE42, Red Rails, Luton, LU1 5NE
- Sold Jun 2022£333,000 | 3 Bed House48, Red Rails, Luton, LU1 5NE48, Red Rails, Luton, LU1 5NE
- Sold Aug 2016£265,000 | 3 Bed House54, Red Rails, Luton, LU1 5NE54, Red Rails, Luton, LU1 5NE
- Sold Jul 2015£195,000 | 3 Bed House71, Red Rails, Luton, LU1 5NE71, Red Rails, Luton, LU1 5NE
Nearby Postcodes
LU1 5NE is the 361st largest and the 732nd most expensive postcode out of the 822 postcodes in the LU1 area.
- LU1 5NQ, Bretts Mead, Luton, LU1LU1 5NQ16 Addresses|82 m away
- LU1 5NA, The Crossway, Luton, LU1LU1 5NA20 Addresses|85 m away
- LU1 5LY, The Crossway, Luton, LU1LU1 5LY16 Addresses|89 m away
- LU1 5NF, Red Rails, Luton, LU1LU1 5NF12 Addresses|109 m away
- LU1 5LQ, Whipperley Way, Luton, LU1LU1 5LQ26 Addresses|113 m away
Property Types
- 1 modern house built after 1980
- 13 mid-century houses built between 1936 and 1979
- 3 other addresses of unknown type
- modern house (1)
- mid-century house (13)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 14 properties.
- The most common rating is C.
- A (0)
- E (2)
- B (0)
- F (0)
- C (7)
- G (0)
- D (5)
- No EPC (3)
Top 3 Most Expensive Sales
Schools Nearby
- Farley Junior Academy100 m away
- Hillborough Junior School400 m away
- Hillborough Infant and Nursery School400 m away
- The Stockwood Park Academy500 m away
- Chiltern Academy2.0 km away
- Denbigh High School2.2 km away
More reading links
Public Transport Nearby
The closest station to LU1 5NE is Luton station, which is 1.6 kilometres away.
- Luton|1.6 km away
- Luton Airport Parkway|2.3 km away
- Leagrave|4.2 km away
- Harpenden|8.3 km away
