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Bricks&Logic is a trading name of Urban Markets Ltd
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Millfield Way, Luton is a mid-century freehold house with 957 ft2 of internal area and sits on a 297 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Millfield Way, Luton is £364,729 and the estimated rental value is £1,666 per month.
Millfield Way, Caddington, Luton, LU1 is located within the LU1 postal district.
2, Millfield Way, Luton has 2 entries in the Land Registry , most recently in September 2021 and a single entry in the EPC database dated March 2019.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Millfield Way, Luton is in very good condition we estimate a sale value of £382,966 and a rental value of £1,749 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £339,198 and a rental value of £1,549 per month.
Over the last 12 months the sale value of 2 Millfield Way Luton has increased by an estimated £2,484 (0.7%) and its rental value has increased by an estimated £37 per month (2.2%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 2, Millfield Way, Luton sits on a plot of 297m2.
We have plot size data on 18 out of 31 other houses in the postcode and 2, Millfield Way, Luton sits on the 8th largest plot.
2, Millfield Way, Luton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Millfield Way, Luton was last sold on 6th September 2021 for £333,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since September 2021, the market for similar properties has dropped 21.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Millfield Way, Luton within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 15, Millfield Way, Luton, LU1 4EH, a freehold house which sold for £360,000 on the 26th April 2024.
Read more about house prices in LU1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millfield Way, Caddington, Luton, LU1 has a total of 31 addresses. According to our analysis of all the public data, 2, Millfield Way, Luton is the 9th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £93k more expensive than the average property in LU1.
The closest station to 2, Millfield Way, Luton is Luton station which is 4.2 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, 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 2, 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 2, 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 2, 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 2, 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.
