LU2 7RJ is a residential postcode situated on Elgar Path, Luton, LU2 with 60 addresses.
It ranks as the 877th largest and 141st most expensive of the 950 postcodes in the LU2 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 60 properties: 28 houses and 32 flats.
LU2 7RJ is a residential postcode situated on Elgar Path, Luton, LU2 with 60 addresses.
It ranks as the 877th largest and 141st most expensive of the 950 postcodes in the LU2 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The postcode contains a total of 60 properties: 28 houses and 32 flats.
Sale prices range from £135,691 for 1 bedroom leasehold flats (419 ft2) to £296,984 for 4 bedroom freehold houses with a garden (1,313 ft2) .
Monthly rental prices range from £802 pcm for 1 bed flats to £1,313 pcm for 4 bed houses.
The gross rental yield is between 5.3% and 7.2%.
The average value per square foot is £268.
The last sale in LU2 7RJ sold for £305,000 on 21st February 2025. Since then prices are up an average of 13.2%.
The current average value in the postcode is £204,010.
The LU2 7RJ Sales Market has increased by 23.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.7% | £204,010 |
| April 2025 | 1.9% | £200,557 |
| April 2024 | -1.4% | £196,816 |
| April 2023 | 1.5% | £199,570 |
| April 2022 | 8.3% | £196,648 |
| April 2021 | 4.8% | £181,537 |
| April 2020 | 0.1% | £173,171 |
| April 2019 | -4.4% | £173,037 |
| April 2018 | 1.9% | £181,013 |
| April 2017 | 7.7% | £177,597 |
| April 2016 | 21.8% | £164,842 |
| April 2015 | 12.6% | £135,388 |
| April 2014 | 7.6% | £120,234 |
| April 2013 | 1.5% | £111,702 |
| April 2012 | -0.3% | £110,006 |
| April 2011 | 0.5% | £110,325 |
| April 2010 | 2.5% | £109,770 |
| April 2009 | -15.1% | £107,077 |
| April 2008 | 0.4% | £126,188 |
| April 2007 | 0% | £125,683 |
The current average rental value in the postcode is £1,059.
The LU2 7RJ Rental Market has increased by 45.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.4% | £1,059pcm |
| April 2025 | 2.4% | £1,035pcm |
| April 2024 | 10% | £1,010pcm |
| April 2023 | 13.7% | £918pcm |
| April 2022 | 7.3% | £808pcm |
| April 2021 | 2.6% | £753pcm |
| April 2020 | -0.3% | £734pcm |
| April 2019 | -0.5% | £736pcm |
| April 2018 | -2.8% | £739pcm |
| April 2017 | 4.2% | £760pcm |
| April 2016 | 9.2% | £729pcm |
| April 2015 | 8.9% | £668pcm |
| April 2014 | 3.3% | £613pcm |
| April 2013 | 1.2% | £594pcm |
| April 2012 | 1.9% | £587pcm |
| April 2011 | 2.9% | £575pcm |
| April 2010 | 1.3% | £559pcm |
| April 2009 | -6.6% | £552pcm |
| April 2008 | 2.8% | £591pcm |
| April 2007 | 0% | £575pcm |
The last sale was on 21st February 2025 for £305,000 and since then the market in the area has increased by 13.2%. The postcode has had a total of 29 sales since 1995.
LU2 7RJ has seen 3 sales in the last three years and no sales in the last twelve months.
LU2 7RJ is the 877th largest and the 141st 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 7RJ, % of property is and % is .
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 7RJ, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 7RJ, 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 7RJ, there are an average of 0.0 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.