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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
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Public records show 1, Millfield Way, Luton to be a mid-century freehold house with 850 ft2 of internal area, sitting on a 250 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
1, Millfield Way, Luton has an estimated sale value of £343,599 and an estimated rental value of £1,619 per month, assuming reasonable condition and based on the information available.
Millfield Way, Caddington, Luton, LU1 lies within the LU1 postal district.
1, Millfield Way, Luton has 41 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated March 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
In very good condition, we estimate 1, Millfield Way, Luton would be worth £360,779, with a potential rental value of £1,700 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £319,547, with a rental value of £1,506 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 1, Millfield Way, Luton has climbed by £2,340 (0.7%) over the last year. During the same period, its estimated monthly rental value has risen by £36 (2.2%). The property's estimated gross yield is currently 5.7%.
1, Millfield Way, Luton occupies a 250 m2 plot as recorded by HM Land Registry.
Of the 31 other houses in this postcode, 18 have recorded plot sizes, and this one ranks as the 11th largest.
1, Millfield Way, Luton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Mar 2022.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
1, Millfield Way, Luton last changed hands on 12th August 2022, selling for £310,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 28.2% since August 2022.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.8 kilometres of 1, Millfield Way, Luton across the last 2 years.
Most recently, 88, Elm Avenue, Luton, LU1 4HT, a freehold house, sold at £360,000 on the 4th December 2024.
Read more about house prices in LU1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 1, Millfield Way, Luton as the 16th largest and the 19th most expensive of the 31 addresses on Millfield Way, Caddington, Luton, LU1.
Against the LU1 postcode district average, it is £72k more expensive than the typical property.
Luton station is the nearest stop to 1, Millfield Way, Luton at 4.2 kilometres away.
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Millfield Way, Luton, 42.6% of property is privately owned outright and 35.7% is privately owned with a mortgage.
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 1, Millfield Way, Luton, 16.6% of residents are recorded as possessing school level qualifications and 30.2% 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 1, Millfield Way, Luton, the average age was 44.3 and the most common age was 57.
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 1, Millfield Way, Luton, 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 1, Millfield Way, Luton, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
