LU2 7GL is a residential postcode situated on Old Bedford Road, Luton, LU2 with 45 addresses.
It ranks as the 755th largest and 111th most expensive of the 950 postcodes in the LU2 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 45 properties: 45 flats.
LU2 7GL is a residential postcode situated on Old Bedford Road, Luton, LU2 with 45 addresses.
It ranks as the 755th largest and 111th most expensive of the 950 postcodes in the LU2 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 45 properties: 45 flats.
Sale prices range from £148,911 for 1 bedroom leasehold flats (398 ft2) to £214,208 for 2 bedroom leasehold flats (818 ft2) .
Monthly rental prices range from £799 pcm for 1 bed flats to £1,083 pcm for 2 bed flats.
The gross rental yield is between 6.1% and 6.5%.
The average value per square foot is £328.
The last sale in LU2 7GL sold for £96,000 on 2nd September 2013. Since then prices are up an average of 59.9%.
The current average value in the postcode is £177,754.
The LU2 7GL Sales Market has increased by 14.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.3% | £177,754 |
| April 2025 | 0.9% | £175,555 |
| April 2024 | -0.3% | £173,998 |
| April 2023 | -0.2% | £174,596 |
| April 2022 | 6% | £174,881 |
| April 2021 | 3.2% | £164,910 |
| April 2020 | -0.1% | £159,789 |
| April 2019 | -4.6% | £159,948 |
| April 2018 | 1% | £167,681 |
| April 2017 | 6.9% | £166,008 |
| April 2016 | 20.7% | £155,335 |
| April 2015 | 12.2% | £128,733 |
| April 2014 | 6.9% | £114,746 |
| April 2013 | 0.3% | £107,297 |
| April 2012 | -1.3% | £106,943 |
| April 2011 | 0.7% | £108,316 |
| April 2010 | 0.9% | £107,594 |
| April 2009 | -15.2% | £106,609 |
| April 2008 | -0.2% | £125,670 |
| April 2007 | 0% | £125,918 |
The current average rental value in the postcode is £936.
The LU2 7GL Rental Market has increased by 34.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.9% | £936pcm |
| April 2025 | 1.6% | £919pcm |
| April 2024 | 11.4% | £905pcm |
| April 2023 | 11.8% | £812pcm |
| April 2022 | 4.5% | £727pcm |
| April 2021 | 1.2% | £695pcm |
| April 2020 | -0.1% | £687pcm |
| April 2019 | -1% | £687pcm |
| April 2018 | -3.5% | £695pcm |
| April 2017 | 3.4% | £720pcm |
| April 2016 | 8.5% | £696pcm |
| April 2015 | 8.2% | £642pcm |
| April 2014 | 2.6% | £593pcm |
| April 2013 | 0.2% | £578pcm |
| April 2012 | 1.1% | £577pcm |
| April 2011 | 3.3% | £571pcm |
| April 2010 | -0.4% | £552pcm |
| April 2009 | -6.9% | £554pcm |
| April 2008 | 2.1% | £595pcm |
| April 2007 | 0% | £583pcm |
The last sale was on 2nd September 2013 for £96,000 and since then the market in the area has increased by 59.9%. The postcode has had a total of 92 sales since 1995.
LU2 7GL has seen no sales in the last three years and no sales in the last twelve months.
LU2 7GL is the 755th largest and the 111th most expensive postcode out of the 950 postcodes in the LU2 area.
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