LU2 0RE is a residential postcode situated on Norfolk Road, Luton, LU2 with 50 addresses.
It ranks as the 796th largest and 599th most expensive of the 950 postcodes in the LU2 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 50 properties: 50 houses.
LU2 0RE is a residential postcode situated on Norfolk Road, Luton, LU2 with 50 addresses.
It ranks as the 796th largest and 599th most expensive of the 950 postcodes in the LU2 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 50 properties: 50 houses.
Sale prices range from £316,230 for 3 bedroom freehold houses with a garden (803 ft2) to £484,757 for 5 bedroom freehold houses with a garden (1,732 ft2) .
Monthly rental prices range from £1,467 pcm for 3 bed houses to £2,003 pcm for 5 bed houses.
The gross rental yield is between 4.7% and 5.6%.
The average value per square foot is £364.
The last sale in LU2 0RE sold for £450,000 on 10th October 2025. Since then prices are down an average of 1.5%.
The current average value in the postcode is £367,283.
The LU2 0RE Sales Market has increased by 27.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £367,283 |
| April 2025 | 1.9% | £365,396 |
| April 2024 | -1.3% | £358,618 |
| April 2023 | 1.5% | £363,510 |
| April 2022 | 10.6% | £358,204 |
| April 2021 | 6.6% | £323,901 |
| April 2020 | -0.9% | £303,852 |
| April 2019 | -2.1% | £306,492 |
| April 2018 | 2.6% | £313,059 |
| April 2017 | 5.9% | £305,174 |
| April 2016 | 19.4% | £288,247 |
| April 2015 | 12.2% | £241,401 |
| April 2014 | 8% | £215,091 |
| April 2013 | 4.8% | £199,141 |
| April 2012 | 1.5% | £190,015 |
| April 2011 | -0.3% | £187,190 |
| April 2010 | 6.6% | £187,824 |
| April 2009 | -14% | £176,139 |
| April 2008 | 1.3% | £204,693 |
| April 2007 | 0% | £202,000 |
The current average rental value in the postcode is £1,599.
The LU2 0RE Rental Market has increased by 50.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.2% | £1,599pcm |
| April 2025 | 3% | £1,579pcm |
| April 2024 | 10.5% | £1,533pcm |
| April 2023 | 13.7% | £1,388pcm |
| April 2022 | 7.7% | £1,221pcm |
| April 2021 | 5% | £1,133pcm |
| April 2020 | 0.2% | £1,080pcm |
| April 2019 | 0.8% | £1,078pcm |
| April 2018 | -1.9% | £1,069pcm |
| April 2017 | 2.5% | £1,089pcm |
| April 2016 | 8% | £1,063pcm |
| April 2015 | 7.6% | £984pcm |
| April 2014 | 3.7% | £915pcm |
| April 2013 | 5.1% | £882pcm |
| April 2012 | 4.3% | £839pcm |
| April 2011 | 2.9% | £805pcm |
| April 2010 | 5.1% | £782pcm |
| April 2009 | -6.3% | £744pcm |
| April 2008 | 3.5% | £794pcm |
| April 2007 | 0% | £767pcm |
The last sale was on 10th October 2025 for £450,000 and since then the market in the area has decreased by 1.5%. The postcode has had a total of 58 sales since 1995.
LU2 0RE has seen 6 sales in the last three years and 1 sale in the last twelve months.
LU2 0RE is the 796th largest and the 599th most expensive postcode out of the 950 postcodes in the LU2 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around LU2 0RE, 43.0% of property is privately owned outright and 37.3% is privately owned with a mortgage.
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 LU2 0RE, 22.6% of residents are recorded as possessing school level qualifications and 37.0% 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 LU2 0RE, the average age was 35.7 and the most common age was 32.
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 LU2 0RE, 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 LU2 0RE, there are an average of 1.3 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.