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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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According to the public record, 5 The Balcony, Luton is a modern leasehold apartment with 778 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5 The Balcony, Luton is £197,033 and the estimated rental value is £1,030 per month.
The apartment is within The Balcony, Hancock Drive, Luton, LU2.
Hancock Drive, Luton, LU2 is located within the LU2 postal district.
5 The Balcony, Luton has a single entry in the Land Registry from June 2016 and a single entry in the EPC database dated May 2011.
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 5 The Balcony, Luton is in very good condition we estimate a sale value of £206,884 and a rental value of £1,081 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £183,240 and a rental value of £958 per month.
Over the last 12 months the sale value of 5 The Balcony Luton has decreased by an estimated £2,148 (1.1%) and its rental value has increased by an estimated £9 per month (0.9%), giving an expected gross yield of 6.3%.
5 The Balcony, Luton has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 25 May 2011.
The property is not connected to mains gas and has partial double glazing. It is heated using Electric storage heaters.
According to HM Land Registry, 5 The Balcony, Luton was last sold on 7th June 2016 for £170,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since June 2016, the market for similar properties has dropped 17.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 The Balcony, Luton within a radius of 770 metres over the last 2 years.
The most recent example is Flat 42, Bushmead Court, Hancock Drive, Luton, LU2 7GY, a leasehold flat which sold for £176,150 on the 16th May 2025.
Read more about house prices in LU2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hancock Drive, Luton, LU2 has a total of 57 addresses. According to our analysis of all the public data, 5 The Balcony, Luton is the 26th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £128k less expensive than the average property in LU2.
The closest station to 5 The Balcony, Luton is Luton station which is 2.9 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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.
The recent census recorded whether a resident owned or rented their home.
In the area around 5 The Balcony, Luton, 41.9% of property is privately owned outright and 29.1% is privately rented.
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 5 The Balcony, Luton, 21.2% of residents are recorded as possessing school level qualifications and 33.8% 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 5 The Balcony, Luton, the average age was 37.9 and the most common age was 12.
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 5 The Balcony, Luton, 0.9% 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 5 The Balcony, Luton, there are an average of 1.2 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
