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Flat 2, The Landmark, Luton is recorded publicly as a modern leasehold apartment across 333 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Flat 2, The Landmark, Luton is £164,031 and its rental estimate is £946 per month, given the available information and assuming reasonable condition.
The Landmark, Flowers Way is a residential building on Flowers Way, Luton, LU1 and falls within the LU1 postal district.
Flat 2, The Landmark, Luton has a single entry in the Land Registry from December 2017 and a single entry in the EPC database dated April 2016.
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.
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 Flat 2, The Landmark, Luton, we estimate a market value of £172,232 and a rental value of £993 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £152,549 and £880 per month respectively.
Over the last year, Flat 2, The Landmark, Luton has seen its estimated sale value increase by £948 (0.6%) and its estimated rental value grow by £22 per month (2.4%). This results in an estimated gross rental yield of 6.9%.
Flat 2, The Landmark, Luton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Apr 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
The most recent sale of Flat 2, The Landmark, Luton completed on 14th December 2017 at £170,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 27.3% over the period since December 2017.
Over the past 2 years 3 properties similar to Flat 2, The Landmark, Luton have sold within a radius of 340 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th November 2020, was Flat 77, The Landmark, Flowers Way, Luton, LU1 3GB, a leasehold flat which sold for £172,500.
Read more about house prices in LU1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 131 addresses on Flowers Way, Luton, LU1, Flat 2, The Landmark, Luton comes out as the 126th largest and the 126th most expensive in our analysis of the public data.
It is also £107k less expensive than the average property across the LU1 district.
From Flat 2, The Landmark, Luton, the nearest station is Luton, 600 metres away.
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, The Landmark, Luton, % of property is and % is .
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 Flat 2, The Landmark, Luton, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 Flat 2, The Landmark, 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 Flat 2, The Landmark, Luton, there are an average of 0.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.