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Company No. 11113204
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VAT No. GB 287 0845 68
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According to the public record, 75, Spear Close, Luton is a mid-century leasehold apartment with 645 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 75, Spear Close, Luton is £150,716 and the estimated rental value is £1,033 per month.
Spear Close, Luton, LU3 is located within the LU3 postal district.
75, Spear Close, Luton has 21 entries in the Land Registry , most recently in July 2015 and a single entry in the EPC database dated May 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 75, Spear Close, Luton is in very good condition we estimate a sale value of £158,252 and a rental value of £1,085 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,166 and a rental value of £961 per month.
Over the last 12 months the sale value of 75 Spear Close Luton has increased by an estimated £1,292 (0.9%) and its rental value has increased by an estimated £18 per month (1.7%), giving an expected gross yield of 8.2%.
75, Spear Close, Luton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 May 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, 75, Spear Close, Luton was last sold on 24th July 2015 for £117,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since July 2015, the market for similar properties has risen 45.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 75, Spear Close, Luton within a radius of 500 metres over the last 2 years.
The most recent example is 48, Spear Close, Luton, LU3 3QY, a leasehold flat which sold for £155,000 on the 17th May 2024.
Read more about house prices in LU3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spear Close, Luton, LU3 has a total of 84 addresses. According to our analysis of all the public data, 75, Spear Close, Luton is the 15th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £167k less expensive than the average property in LU3.
The closest station to 75, Spear Close, Luton is Leagrave station which is 700 metres 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 75, Spear Close, Luton, 56.9% of property is socially rented and 17.5% 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 75, Spear Close, Luton, 23.8% of residents are recorded as possessing school level qualifications and 25.1% 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 75, Spear Close, Luton, the average age was 34 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 75, Spear Close, 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 75, Spear Close, Luton, there are an average of 0.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
