Watermead Road - LU3 2TE
Key Postcode Insights
LU3 2TE is a residential postcode situated on Watermead Road, Luton, LU3 with 8 addresses.
It ranks as the 93rd largest of the 800 postcodes in the LU3 area.
The postcode contains a total of 8 properties: 2 houses and 6 other properties.
- Ave. Sale Price
- £334,593
- 10 Year change
- up 27.6%
- Ave. Rental Price
- £1,576pcm
- 10 Year change
- up 55.6%
- Ave. £ per ft²
- £431/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Key Postcode Insights
LU3 2TE is a residential postcode situated on Watermead Road, Luton, LU3 with 8 addresses.
It ranks as the 93rd largest of the 800 postcodes in the LU3 area.
The postcode contains a total of 8 properties: 2 houses and 6 other properties.
- Ave. Sale Price
- £334,593
- 10 Year change
- up 27.6%
- Ave. Rental Price
- £1,576pcm
- 10 Year change
- up 55.6%
- Ave. £ per ft²
- £431/ft²
- Ave. Gross Yield
- 5.7%/year/yr
Explore Properties in LU3 2TE
- 61 Watermead Road
House
- 63 Watermead Road
3 Bed Mid-century House
- 65 Watermead Road
House
- 67 Watermead Road
House
- 69 Watermead Road
3 Bed Mid-century House
Sales Market Trends
The last sale in LU3 2TE sold for £365,000 on 28th November 2025. Since then prices are down an average of 1.9%.
The current average value in the postcode is £334,593.
The LU3 2TE Sales Market has increased by 27.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | -1.2% | £334,593 |
| July 2025 | 2.4% | £338,514 |
| July 2024 | -0.4% | £330,685 |
| July 2023 | -1.7% | £332,152 |
| July 2022 | 13.8% | £338,033 |
| July 2021 | 7.7% | £297,161 |
| July 2020 | 0.8% | £275,957 |
| July 2019 | -2.3% | £273,826 |
| July 2018 | 1% | £280,398 |
| July 2017 | 5.9% | £277,570 |
| July 2016 | 17.9% | £262,143 |
| July 2015 | 13.3% | £222,265 |
| July 2014 | 9.4% | £196,120 |
| July 2013 | 4.3% | £179,251 |
| July 2012 | 0.5% | £171,785 |
| July 2011 | -2.3% | £170,945 |
| July 2010 | 8.7% | £175,045 |
| July 2009 | -9.3% | £161,022 |
| July 2008 | -5.8% | £177,556 |
| July 2007 | 0% | £188,540 |
Rental Market Trends
The current average rental value in the postcode is £1,576.
The LU3 2TE Rental Market has increased by 55.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 2.6% | £1,576pcm |
| July 2025 | 2.4% | £1,536pcm |
| July 2024 | 8.5% | £1,501pcm |
| July 2023 | 14.5% | £1,383pcm |
| July 2022 | 8.3% | £1,208pcm |
| July 2021 | 7.4% | £1,116pcm |
| July 2020 | 1.2% | £1,039pcm |
| July 2019 | -0.8% | £1,027pcm |
| July 2018 | -1.1% | £1,035pcm |
| July 2017 | 3.2% | £1,046pcm |
| July 2016 | 9.1% | £1,013pcm |
| July 2015 | 8.9% | £929pcm |
| July 2014 | 4.3% | £853pcm |
| July 2013 | 1.5% | £818pcm |
| July 2012 | 4.4% | £806pcm |
| July 2011 | 2.7% | £772pcm |
| July 2010 | 6.5% | £752pcm |
| July 2009 | -4.2% | £705pcm |
| July 2008 | 0.7% | £736pcm |
| July 2007 | 0% | £731pcm |
Sales History
The last recorded sale was on 28th November 2025 for £365,000 and since then the market in the area has decreased by 1.9%.
LU3 2TE has had 3 sales since 1995, 1 of them in the last twelve months.
- Sold Nov 2025£365,000 | 3 Bed House69, Watermead Road, Luton, LU3 2TE69, Watermead Road, Luton, LU3 2TE
- Sold Mar 2020£250,000 | 3 Bed House63, Watermead Road, Luton, LU3 2TE63, Watermead Road, Luton, LU3 2TE
- Sold Sep 2015£155,000 | 3 Bed House63, Watermead Road, Luton, LU3 2TE63, Watermead Road, Luton, LU3 2TE
Nearby Postcodes
LU3 2TE is the 93rd largest and the 489th most expensive postcode out of the 800 postcodes in the LU3 area.
- LU3 2TJ, Holmscroft Road, Luton, LU3LU3 2TJ50 Addresses|83 m away
- LU3 2TQ, Monton Close, Luton, LU3LU3 2TQ22 Addresses|98 m away
- LU3 2TL, Weltmore Road, Luton, LU3LU3 2TL18 Addresses|112 m away
- LU3 2TG, Leathwaite Close, Luton, LU3LU3 2TG30 Addresses|126 m away
- LU3 2TD, Watermead Road, Luton, LU3LU3 2TD35 Addresses|130 m away
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 2 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (2)
- G (0)
- D (0)
- No EPC (6)
Top 3 Most Expensive Sales
- Sold Jun 2021£445,000 | 4 Bed House2, Watermead Road, Luton, LU3 2TD2, Watermead Road, Luton, LU3 2TD
- Sold Jul 2018£395,000 | 4 Bed House17, Watermead Road, Luton, LU3 2TB17, Watermead Road, Luton, LU3 2TB
- Sold Dec 2022£390,000 | 5 Bed House99, Watermead Road, Luton, LU3 2TF99, Watermead Road, Luton, LU3 2TF
Schools Nearby
- The Meads Primary School300 m away
- Waulud Primary School700 m away
- Norton Road Primary School900 m away
- Lea Manor High School1.2 km away
- Icknield High School1.4 km away
- Challney High School for Girls1.8 km away
More reading links
Public Transport Nearby
The closest station to LU3 2TE is Leagrave station, which is 800 metres away.
- Leagrave|800 m away
- Luton|3.8 km away
- Luton Airport Parkway|5.4 km away
- Harlington (Bedfordshire)|6.7 km away
