LU3 1LZ is a residential postcode situated on St. Michaels Crescent, Luton, LU3 with 32 addresses.
It ranks as the 453rd largest and 643rd most expensive of the 799 postcodes in the LU3 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 32 properties: 32 houses.
LU3 1LZ is a residential postcode situated on St. Michaels Crescent, Luton, LU3 with 32 addresses.
It ranks as the 453rd largest and 643rd most expensive of the 799 postcodes in the LU3 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 32 properties: 32 houses.
Sale prices range from £306,884 for 3 bedroom leasehold houses with a garden (1,076 ft2) to £518,864 for 5 bedroom freehold houses with a garden (1,689 ft2) .
Monthly rental prices range from £1,324 pcm for 3 bed houses to £2,293 pcm for 5 bed houses.
The gross rental yield is between 5.2% and 5.3%.
The average value per square foot is £376.
The last sale in LU3 1LZ sold for £395,000 on 11th August 2025. Since then prices are down an average of 1.2%.
The current average value in the postcode is £400,229.
The LU3 1LZ Sales Market has increased by 27.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £400,229 |
| April 2025 | 1.1% | £398,296 |
| April 2024 | -1% | £393,938 |
| April 2023 | 1.2% | £397,787 |
| April 2022 | 11% | £393,222 |
| April 2021 | 7% | £354,370 |
| April 2020 | -0.9% | £331,089 |
| April 2019 | -1.8% | £334,221 |
| April 2018 | 2.1% | £340,393 |
| April 2017 | 6.5% | £333,382 |
| April 2016 | 18.6% | £313,046 |
| April 2015 | 11.9% | £263,853 |
| April 2014 | 8.1% | £235,724 |
| April 2013 | 5.2% | £218,050 |
| April 2012 | 1.3% | £207,236 |
| April 2011 | -0.9% | £204,481 |
| April 2010 | 7.5% | £206,271 |
| April 2009 | -14% | £191,968 |
| April 2008 | 1.3% | £223,348 |
| April 2007 | 0% | £220,524 |
The current average rental value in the postcode is £1,749.
The LU3 1LZ Rental Market has increased by 50.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.3% | £1,749pcm |
| April 2025 | 2% | £1,727pcm |
| April 2024 | 11.7% | £1,692pcm |
| April 2023 | 12.7% | £1,515pcm |
| April 2022 | 7.1% | £1,344pcm |
| April 2021 | 5.9% | £1,255pcm |
| April 2020 | 0.4% | £1,185pcm |
| April 2019 | 0.3% | £1,180pcm |
| April 2018 | -1.7% | £1,177pcm |
| April 2017 | 3% | £1,197pcm |
| April 2016 | 8% | £1,162pcm |
| April 2015 | 7.2% | £1,076pcm |
| April 2014 | 3.7% | £1,004pcm |
| April 2013 | 5.4% | £968pcm |
| April 2012 | 4.4% | £919pcm |
| April 2011 | 2.8% | £880pcm |
| April 2010 | 5.6% | £856pcm |
| April 2009 | -6.4% | £811pcm |
| April 2008 | 3.4% | £867pcm |
| April 2007 | 0% | £838pcm |
The last sale was on 11th August 2025 for £395,000 and since then the market in the area has decreased by 1.2%. The postcode has had a total of 49 sales since 1995.
LU3 1LZ has seen 1 sale in the last three years and 1 sale in the last twelve months.
LU3 1LZ is the 453rd largest and the 643rd most expensive postcode out of the 799 postcodes in the LU3 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around LU3 1LZ, 54.2% of property is privately owned with a mortgage and 32.1% is privately owned outright.
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 LU3 1LZ, 33.6% of residents are recorded as possessing school level qualifications and 34.9% 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 LU3 1LZ, the average age was 37.9 and the most common age was 12.
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 LU3 1LZ, 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 LU3 1LZ, there are an average of 1.5 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, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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.