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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
LU3 2TEHouse Prices / East of England, Luton, Watermead Road
Last updated Jun 2026
Key Postcode Insights
LU3 2TE is a residential postcode situated on Watermead Road, Luton, LU3 with 8 addresses.
It ranks as the 95th largest and 516th most expensive of the 800 postcodes in the LU3 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 8 properties: 8 houses.
8
Properties
- Houses
Key Postcode Insights
LU3 2TE is a residential postcode situated on Watermead Road, Luton, LU3 with 8 addresses.
It ranks as the 95th largest and 516th most expensive of the 800 postcodes in the LU3 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 8 properties: 8 houses.
8
Properties
- Houses
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House Pricesin LU3 2TE
Sale prices range from £301,452 for 2 bedroom freehold houses with a garden (635 ft2) to £355,826 for 3 bedroom freehold houses with a garden (850 ft2) .
Monthly rental prices range from £1,405 pcm for 2 bed houses to £1,625 pcm for 3 bed houses.
The gross rental yield is between 5.5% and 5.6%.
The average value per square foot is £438.
Average Sale Value
£337,536
Average Rental Value
£1,558 pcm
Average Rental Yield
5.5% /year
Average Value Per Sqft
£438 /ft2
Sales Market Trendsin LU3 2TE
The last sale in LU3 2TE sold for £365,000 on 28th November 2025. Since then prices are up an average of 0.3%.
The current average value in the postcode is £337,536.
The LU3 2TE Sales Market has increased by 33.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 1.1% | £337,536 |
| May 2025 | 2.3% | £333,881 |
| May 2024 | -1.3% | £326,346 |
| May 2023 | 0.1% | £330,768 |
| May 2022 | 14.7% | £330,480 |
| May 2021 | 6.9% | £288,215 |
| May 2020 | -0.7% | £269,631 |
| May 2019 | -2.2% | £271,415 |
| May 2018 | 0.9% | £277,522 |
| May 2017 | 9.1% | £275,013 |
| May 2016 | 19% | £252,003 |
| May 2015 | 12.5% | £211,785 |
| May 2014 | 9.1% | £188,270 |
| May 2013 | 3.2% | £172,585 |
| May 2012 | 0.5% | £167,208 |
| May 2011 | -1.8% | £166,451 |
| May 2010 | 7.9% | £169,580 |
| May 2009 | -12.8% | £157,212 |
| May 2008 | -2.2% | £180,326 |
| May 2007 | 0% | £184,292 |
Rental Market Trendsin LU3 2TE
The current average rental value in the postcode is £1,558.
The LU3 2TE Rental Market has increased by 58.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.7% | £1,558pcm |
| May 2025 | 2.5% | £1,517pcm |
| May 2024 | 11.3% | £1,480pcm |
| May 2023 | 12.7% | £1,330pcm |
| May 2022 | 8.3% | £1,179pcm |
| May 2021 | 6.8% | £1,089pcm |
| May 2020 | 0.5% | £1,019pcm |
| May 2019 | -1.4% | £1,013pcm |
| May 2018 | -0.9% | £1,028pcm |
| May 2017 | 5.4% | £1,037pcm |
| May 2016 | 10.2% | £984pcm |
| May 2015 | 8.1% | £893pcm |
| May 2014 | 4.2% | £826pcm |
| May 2013 | 1.6% | £792pcm |
| May 2012 | 4.1% | £780pcm |
| May 2011 | 3.1% | £750pcm |
| May 2010 | 4.9% | £727pcm |
| May 2009 | -5.8% | £693pcm |
| May 2008 | 2.2% | £735pcm |
| May 2007 | 0% | £719pcm |
Explore Propertiesin LU3 2TE, Watermead Road, Luton, LU3
- 61, Watermead Road, Luton, LU3 2TE
- 63, Watermead Road, Luton, LU3 2TE3 bed mid-century house
- 65, Watermead Road, Luton, LU3 2TE
- 67, Watermead Road, Luton, LU3 2TE
- 69, Watermead Road, Luton, LU3 2TE3 bed mid-century house
- 71, Watermead Road, Luton, LU3 2TE
- 73, Watermead Road, Luton, LU3 2TE
- 75, Watermead Road, Luton, LU3 2TE
Sales Historyin LU3 2TE
The last sale was on 28th November 2025 for £365,000 and since then the market in the area has increased by 0.3%. The postcode has had a total of 5 sales since 1995.
LU3 2TE has seen 1 sale in the last three years and 1 sale in the last twelve months.
Sold Nov 2025£365,000 | 3 Bed HouseWatermead Road69, Watermead Road, Luton, LU3 2TE
Sold Mar 2020£250,000 | 3 Bed HouseWatermead Road63, Watermead Road, Luton, LU3 2TE
Sold Sep 2015£155,000 | 3 Bed HouseWatermead Road63, Watermead Road, Luton, LU3 2TE
Sold Sep 1997£53,250 | 3 Bed HouseWatermead Road65, Watermead Road, Luton, LU3 2TE
Sold Nov 1995£70,000 | 3 Bed HouseWatermead Road75, Watermead Road, Luton, LU3 2TE
Nearby Postcodesto LU3 2TE
LU3 2TE is the 95th largest and the 516th most expensive postcode out of the 800 postcodes in the LU3 area.
- 83 mLU3 2TJ, Holmscroft Road, Luton, LU3LU3 2TJ50 Addresses
- 98 mLU3 2TQ, Monton Close, Luton, LU3LU3 2TQ22 Addresses
- 112 mLU3 2TL, Weltmore Road, Luton, LU3LU3 2TL18 Addresses
- 126 mLU3 2TG, Leathwaite Close, Luton, LU3LU3 2TG30 Addresses
- 130 mLU3 2TD, Watermead Road, Luton, LU3LU3 2TD35 Addresses
- 147 mLU3 2TS, Bosmore Road, Luton, LU3LU3 2TS36 Addresses
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Property Typesin LU3 2TE
- 2 mid-century houses built between 1936 and 1979
- 6 other addresses of unknown type
- mid-century house (2)
- Unknown (6)
Energy Efficiencyof properties in LU3 2TE
- Energy Performance Certificate (EPC) surveys conducted for 2 properties.
- The dominant rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (2)
- G (0)
- D (0)
- No EPC (6)
Schools Nearbyto LU3 2TE
The nearest primary school to LU3 2TE is The Meads Primary School which is 300 metres away.
- 300mThe Meads Primary School
- 700mWaulud Primary School
- 900mNorton Road Primary School
The nearest secondary school is Lea Manor High School which is 1.2 kilometres away.
- 1.2kmLea Manor High School
- 1.4kmIcknield High School
- 1.8kmChallney High School for Girls
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Public Transport Nearbyto LU3 2TE
The closest station to LU3 2TE is Leagrave station which is 800 metres away.
- 800mLeagrave
- 3.8kmLuton
- 5.4kmLuton Airport Parkway
- 6.7kmHarlington (Bedfordshire)
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