Watermead Road - LU3 2TF
Key Postcode Insights
LU3 2TF is a residential postcode situated on Watermead Road, Luton, LU3 with 30 addresses.
It ranks as the 432nd largest and 461st most expensive of the 800 postcodes in the LU3 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 30 properties: 30 houses.
- Ave. Sale Price
- £343,237
- 10 Year change
- up 28.2%
- Ave. Rental Price
- £1,776pcm
- 10 Year change
- up 55.1%
- Ave. £ per ft²
- £327/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Key Postcode Insights
LU3 2TF is a residential postcode situated on Watermead Road, Luton, LU3 with 30 addresses.
It ranks as the 432nd largest and 461st most expensive of the 800 postcodes in the LU3 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 30 properties: 30 houses.
- Ave. Sale Price
- £343,237
- 10 Year change
- up 28.2%
- Ave. Rental Price
- £1,776pcm
- 10 Year change
- up 55.1%
- Ave. £ per ft²
- £327/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Explore Propertiesin LU3 2TF
- 77 Watermead Road
Unknown
- 79 Watermead Road
3 Bed Mid-century House
- 81 Watermead Road
Unknown
- 83 Watermead Road
Unknown
- 85 Watermead Road
4 Bed House
Sales Market Trends
The last sale in LU3 2TF sold for £335,000 on 25th November 2025. Since then prices are down an average of 0.9%.
The current average value in the postcode is £343,237.
The LU3 2TF Sales Market has increased by 28.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.4% | £343,237 |
| June 2025 | 2.3% | £348,140 |
| June 2024 | -0.1% | £340,467 |
| June 2023 | -1.7% | £340,679 |
| June 2022 | 13.6% | £346,563 |
| June 2021 | 7.8% | £305,086 |
| June 2020 | 0% | £282,923 |
| June 2019 | -1.9% | £282,939 |
| June 2018 | 1% | £288,389 |
| June 2017 | 6.6% | £285,538 |
| June 2016 | 17.5% | £267,810 |
| June 2015 | 12.3% | £227,906 |
| June 2014 | 9% | £202,861 |
| June 2013 | 3.9% | £186,148 |
| June 2012 | 0.4% | £179,139 |
| June 2011 | -1.9% | £178,505 |
| June 2010 | 10.6% | £182,019 |
| June 2009 | -10.9% | £164,528 |
| June 2008 | -4.4% | £184,559 |
| June 2007 | 0% | £192,956 |
Rental Market Trends
The current average rental value in the postcode is £1,776.
The LU3 2TF Rental Market has increased by 55.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2% | £1,776pcm |
| June 2025 | 2.1% | £1,742pcm |
| June 2024 | 10.9% | £1,705pcm |
| June 2023 | 12.9% | £1,538pcm |
| June 2022 | 7.5% | £1,362pcm |
| June 2021 | 7.9% | £1,267pcm |
| June 2020 | 0.7% | £1,174pcm |
| June 2019 | -0.7% | £1,166pcm |
| June 2018 | -1% | £1,175pcm |
| June 2017 | 3.6% | £1,186pcm |
| June 2016 | 9% | £1,145pcm |
| June 2015 | 7.8% | £1,051pcm |
| June 2014 | 3.9% | £975pcm |
| June 2013 | 1.5% | £939pcm |
| June 2012 | 4.3% | £925pcm |
| June 2011 | 3.1% | £887pcm |
| June 2010 | 7.7% | £860pcm |
| June 2009 | -4.8% | £798pcm |
| June 2008 | 1.4% | £838pcm |
| June 2007 | 0% | £827pcm |
Sales History
The last sale was on 25th November 2025 for £335,000 and since then the market in the area has decreased by 0.9%. The postcode has had a total of 27 sales since 1995.
LU3 2TF has seen 2 sales in the last three years and 1 sale in the last twelve months.
- Sold Nov 2025£335,000 | 3 Bed House134, Watermead Road, Luton, LU3 2TF134, Watermead Road, Luton, LU3 2TF
- Sold Jul 2024£350,000 | 4 Bed House146, Watermead Road, Luton, LU3 2TF146, Watermead Road, Luton, LU3 2TF
- Sold Dec 2022£390,000 | 5 Bed House99, Watermead Road, Luton, LU3 2TF99, Watermead Road, Luton, LU3 2TF
- Sold Feb 2021£285,000 | 3 Bed House95, Watermead Road, Luton, LU3 2TF95, Watermead Road, Luton, LU3 2TF
- Sold Jul 2020£280,000 | 3 Bed House144, Watermead Road, Luton, LU3 2TF144, Watermead Road, Luton, LU3 2TF
Nearby Postcodes
LU3 2TF is the 432nd largest and the 461st most expensive postcode out of the 800 postcodes in the LU3 area.
- LU3 2TH, Lamorna Close, Luton, LU3LU3 2TH15 Addresses|68 m away
- LU3 2UT, Swasedale Walk, Luton, LU3LU3 2UT4 Addresses|92 m away
- LU3 2TW, Evedon Close, Luton, LU3LU3 2TW18 Addresses|111 m away
- LU3 2UD, Swasedale Road, Luton, LU3LU3 2UD34 Addresses|117 m away
- LU3 2SZ, Calverton Road, Luton, LU3LU3 2SZ24 Addresses|129 m away
Property Types
- 13 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 1 early-century house built between 1912 and 1935
- 15 other addresses of unknown type
- mid-century house (13)
- house (1)
- early-century house (1)
- Unknown (15)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 14 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (4)
- G (0)
- D (8)
- No EPC (16)
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 School200 m away
- Waulud Primary School600 m away
- Icknield Primary School1.0 km away
- Lea Manor High School1.0 km away
- Icknield High School1.4 km away
- Lealands High School1.7 km away
More reading links
Public Transport Nearby
The closest station to LU3 2TF is Leagrave station, which is 1.0 kilometres away.
- Leagrave|1.0 km away
- Luton|4.0 km away
- Luton Airport Parkway|5.6 km away
- Harlington (Bedfordshire)|6.5 km away
