48, The Shires
48, The Shires
Description & Estimates
48, The Shires, Luton is recorded publicly as a mid-century leasehold apartment across 699 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 48, The Shires, Luton is £185,677 and its rental estimate is £980 per month, given the available information and assuming reasonable condition.
The Shires, Luton, LU2 falls within the LU2 postal district.
Our Data Sources
48, The Shires, Luton has 21 entries in the Land Registry , most recently in February 2008 and a single entry in the EPC database dated October 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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 48, The Shires, Luton, we estimate a market value of £194,961 and a rental value of £1,029 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £172,680 and £911 per month respectively.
Recent Market Change
Over the last year, 48, The Shires, Luton has seen its estimated sale value decrease by £2,024 (1.1%) and its estimated rental value grow by £9 per month (0.9%). This results in an estimated gross rental yield of 6.3%.
Energy Efficiency
48, The Shires, Luton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 48, The Shires, Luton completed on 15th February 2008 at £133,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 29.1% over the period since February 2008.
- Sold Feb 2008£133,000
- Sold Jul 1999£44,250
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 48, The Shires, Luton have sold within a radius of 330 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th November 2025, was 53, The Larches, Luton, LU2 7PX, a leasehold flat which sold for £189,000.
Read more about house prices in LU2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 77 addresses on The Shires, Luton, LU2, 48, The Shires, Luton comes out as the 36th largest and the 15th most expensive in our analysis of the public data.
It is also £139k less expensive than the average property across the LU2 district.
More reading links
Schools Nearby
- 600mSt Matthew's Primary School
- 800mDallow Primary School
- 900mBeech Hill Community Primary School
- 700mDenbigh High School
- 1.9kmChiltern Academy
- 2.0kmStopsley High School
More reading links
Public Transport Nearby
From 48, The Shires, Luton, the nearest station is Luton, 600 metres away.
- 600mLuton
- 2.2kmLuton Airport Parkway
- 3.4kmLeagrave
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
