Spencer Road - LU3 1JU
Key Postcode Insights
LU3 1JU is a residential postcode situated on Spencer Road, Luton, LU3 with 51 addresses.
It ranks as the 706th largest and 199th most expensive of the 800 postcodes in the LU3 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 51 properties: 46 houses and 5 flats.
- Ave. Sale Price
- £254,455
- 10 Year change
- up 22.2%
- Ave. Rental Price
- £1,383pcm
- 10 Year change
- up 48.6%
- Ave. £ per ft²
- £335/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Key Postcode Insights
LU3 1JU is a residential postcode situated on Spencer Road, Luton, LU3 with 51 addresses.
It ranks as the 706th largest and 199th most expensive of the 800 postcodes in the LU3 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 51 properties: 46 houses and 5 flats.
- Ave. Sale Price
- £254,455
- 10 Year change
- up 22.2%
- Ave. Rental Price
- £1,383pcm
- 10 Year change
- up 48.6%
- Ave. £ per ft²
- £335/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Explore Propertiesin LU3 1JU
- 2 Spencer Road
2 Bed Period House
- 4 Spencer Road
Unknown
- 6 Spencer Road
Unknown
- 8 Spencer Road
2 Bed Period House
- 10 Spencer Road
3 Bed Period House
Sales Market Trends
The last sale in LU3 1JU sold for £235,000 on 22nd October 2025. Since then prices are up an average of 2.4%.
The current average value in the postcode is £254,455.
The LU3 1JU Sales Market has increased by 22.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.1% | £254,455 |
| June 2025 | 2.3% | £254,272 |
| June 2024 | -0.8% | £248,561 |
| June 2023 | -0.7% | £250,503 |
| June 2022 | 10.5% | £252,183 |
| June 2021 | 5.2% | £228,281 |
| June 2020 | 1.6% | £216,918 |
| June 2019 | -4.9% | £213,430 |
| June 2018 | 1.1% | £224,464 |
| June 2017 | 6.7% | £222,130 |
| June 2016 | 22.4% | £208,224 |
| June 2015 | 13% | £170,128 |
| June 2014 | 8.6% | £150,619 |
| June 2013 | 3.1% | £138,664 |
| June 2012 | 0.6% | £134,528 |
| June 2011 | -0.5% | £133,710 |
| June 2010 | 5.7% | £134,335 |
| June 2009 | -15.2% | £127,127 |
| June 2008 | -4% | £149,973 |
| June 2007 | 0% | £156,213 |
Rental Market Trends
The current average rental value in the postcode is £1,383.
The LU3 1JU Rental Market has increased by 48.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.2% | £1,383pcm |
| June 2025 | 2.2% | £1,340pcm |
| June 2024 | 8.2% | £1,311pcm |
| June 2023 | 15.4% | £1,212pcm |
| June 2022 | 8.6% | £1,050pcm |
| June 2021 | 4.1% | £967pcm |
| June 2020 | -0.2% | £929pcm |
| June 2019 | -0.7% | £931pcm |
| June 2018 | -2.5% | £937pcm |
| June 2017 | 3.2% | £961pcm |
| June 2016 | 9.1% | £931pcm |
| June 2015 | 9.7% | £853pcm |
| June 2014 | 5% | £778pcm |
| June 2013 | 1% | £741pcm |
| June 2012 | 2.4% | £733pcm |
| June 2011 | 3% | £716pcm |
| June 2010 | 2.1% | £695pcm |
| June 2009 | -6.8% | £681pcm |
| June 2008 | 1.1% | £730pcm |
| June 2007 | 0% | £722pcm |
Sales History
The last sale was on 22nd October 2025 for £235,000 and since then the market in the area has increased by 2.4%. The postcode has had a total of 102 sales since 1995.
LU3 1JU has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Oct 2025£235,000 | 3 Bed House64, Spencer Road, Luton, LU3 1JU64, Spencer Road, Luton, LU3 1JU
- Sold Aug 2024£235,000 | 3 Bed House54, Spencer Road, Luton, LU3 1JU54, Spencer Road, Luton, LU3 1JU
- Sold Aug 2022£270,000 | 3 Bed House36, Spencer Road, Luton, LU3 1JU36, Spencer Road, Luton, LU3 1JU
- Sold Feb 2022£232,500 | 3 Bed House52, Spencer Road, Luton, LU3 1JU52, Spencer Road, Luton, LU3 1JU
- Sold Dec 2021£195,000 | 3 Bed House54, Spencer Road, Luton, LU3 1JU54, Spencer Road, Luton, LU3 1JU
Nearby Postcodes
LU3 1JU is the 706th largest and the 199th most expensive postcode out of the 800 postcodes in the LU3 area.
- LU3 1JT, Spencer Road, Luton, LU3LU3 1JT45 Addresses|28 m away
- LU3 1JX, Althorp Road, Luton, LU3LU3 1JX57 Addresses|41 m away
- LU3 1JS, Saxon Road, Luton, LU3LU3 1JS47 Addresses|65 m away
- LU3 1JY, Althorp Road, Luton, LU3LU3 1JY55 Addresses|67 m away
- LU3 1JR, Saxon Road, Luton, LU3LU3 1JR48 Addresses|93 m away
Property Types
- 39 period houses built between 1800 and 1911
- 5 period flats built between 1800 and 1911
- 1 house of an unknown age
- 6 other addresses of unknown type
- period house (39)
- period flat (5)
- house (1)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 41 properties.
- The most common rating is D.
- A (0)
- E (12)
- B (0)
- F (0)
- C (7)
- G (1)
- D (21)
- No EPC (10)
Top 3 Most Expensive Sales
Schools Nearby
- Denbigh Primary School500 m away
- Beech Hill Community Primary School500 m away
- River Bank Primary School600 m away
- Denbigh High School400 m away
- Icknield High School1.9 km away
- Stopsley High School2.1 km away
More reading links
Public Transport Nearby
The closest station to LU3 1JU is Luton station, which is 1.5 kilometres away.
- Luton|1.5 km away
- Leagrave|2.5 km away
- Luton Airport Parkway|3.1 km away
- Harlington (Bedfordshire)|9.1 km away
