38 Farley Lodge, Luton
38 Farley Lodge, Luton
Description & Estimates
The public record lists 38 Farley Lodge, Luton as a leasehold apartment.
Comparison with its neighbours suggests a mid-century apartment with 447 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
38 Farley Lodge, Luton has an estimated sale value of £89,431 and an estimated rental value of £639 per month, assuming reasonable condition and based on the information available.
The apartment sits within Farley Lodge, Ruthin Close, Luton, LU1.
Ruthin Close, Luton, LU1 lies within the LU1 postal district.
Our Data Sources
38 Farley Lodge, Luton has 31 entries in the Land Registry , most recently in July 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 38 Farley Lodge, Luton would be worth £93,902, with a potential rental value of £671 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £83,170, with a rental value of £594 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 38 Farley Lodge, Luton has moved up by £517 (0.6%) over the last year. During the same period, its estimated monthly rental value has increased by £15 (2.4%). The property's estimated gross yield is currently 8.6%.
Sold Prices
38 Farley Lodge, Luton last changed hands on 31st July 2007, selling for £55,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 44.6% since July 2007.
- Sold Jul 2007£55,500
- Sold May 2005£54,000
- Sold Feb 2004£47,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 390 metres of 38 Farley Lodge, Luton across the last 2 years.
Most recently, 49 Farley Lodge, Ruthin Close, Luton, LU1 5EN, a leasehold flat, sold at £52,500 on the 21st August 2014.
Read more about house prices in LU1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 38 Farley Lodge, Luton as the 17th largest and the 17th most expensive of the 76 addresses on Ruthin Close, Luton, LU1.
Against the LU1 postcode district average, it is £182k less expensive than the typical property.
More reading links
Schools Nearby
- 300mHillborough Junior School
- 300mHillborough Infant and Nursery School
- 400mTennyson Road Primary School
- 1.1kmThe Stockwood Park Academy
- 1.4kmChiltern Academy
- 2.2kmDenbigh High School
More reading links
Public Transport Nearby
Luton station is the nearest stop to 38 Farley Lodge, Luton at 1.2 kilometres away.
- 1.2kmLuton
- 1.7kmLuton Airport Parkway
- 4.5kmLeagrave
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
