7, Farrs Lane
7, Farrs Lane
Description & Estimates
Public records show 7, Farrs Lane, Luton to be a mid-century freehold house with 1,625 ft2 of internal area, sitting on a 566 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
7, Farrs Lane, Luton has an estimated sale value of £695,446 and an estimated rental value of £2,290 per month, assuming reasonable condition and based on the information available.
Farrs Lane, East Hyde, Luton, LU2 lies within the LU2 postal district.
Our Data Sources
7, Farrs Lane, Luton has 21 entries in the Land Registry , most recently in November 2024 and a single entry in the EPC database dated June 2024.
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
In very good condition, we estimate 7, Farrs Lane, Luton would be worth £730,219, with a potential rental value of £2,404 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £646,765, with a rental value of £2,129 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 7, Farrs Lane, Luton has fallen by £5,483 (0.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £24 (1.0%). The property's estimated gross yield is currently 4.0%.
Plot Size
7, Farrs Lane, Luton occupies a 566 m2 plot as recorded by HM Land Registry.
Of the 9 other houses in this postcode, 8 have recorded plot sizes, and this one ranks as the 6th largest.
Energy Efficiency
7, Farrs Lane, Luton has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Jun 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
Sold Prices
7, Farrs Lane, Luton last changed hands on 1st November 2024, selling for £710,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 5.9% since November 2024.
- Sold Nov 2024£710,000
- Sold Mar 2002£288,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.1 kilometres of 7, Farrs Lane, Luton across the last 2 years.
Most recently, 4, Rye Close, Harpenden, AL5 4LD, a freehold house, sold at £730,000 on the 25th August 2023.
Read more about house prices in LU2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 7, Farrs Lane, Luton as the 2nd largest and the 2nd most expensive of the 9 addresses on Farrs Lane, East Hyde, Luton, LU2.
Against the LU2 postcode district average, it is £371k more expensive than the typical property.
More reading links
Schools Nearby
- 1.7kmThe Lea Primary School and Nursery
- 2.3kmWood End School
- 2.4kmManland Primary School
- 2.5kmSt George's School
- 2.6kmSir John Lawes School
- 2.7kmRoundwood Park School
More reading links
Public Transport Nearby
Harpenden station is the nearest stop to 7, Farrs Lane, Luton at 3.3 kilometres away.
- 3.3kmHarpenden
- 4.0kmLuton Airport Parkway
- 5.6kmLuton
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
