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According to the public record, Flat 5, The Heights, Luton is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 537 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 Flat 5, The Heights, Luton is £153,025 and the estimated rental value is £989 per month.
The apartment is within The Heights, Marsh Road, Luton, LU3.
Marsh Road, Luton, LU3 is located within the LU3 postal district.
Flat 5, The Heights, Luton has a single entry in the Land Registry from July 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 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 Flat 5, The Heights, Luton is in very good condition we estimate a sale value of £160,676 and a rental value of £1,038 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £142,313 and a rental value of £920 per month.
Over the last 12 months the sale value of Flat 5 The Heights Luton has increased by an estimated £1,312 (0.9%) and its rental value has increased by an estimated £17 per month (1.7%), giving an expected gross yield of 7.8%.
According to HM Land Registry, Flat 5, The Heights, Luton was last sold on 11th July 2007 for £90,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since July 2007, the market for similar properties has risen 42.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, The Heights, Luton within a radius of 560 metres over the last 2 years.
The most recent example is 28 Kathleen Court, Sarum Road, Luton, LU3 2RA, a leasehold flat which sold for £140,000 on the 4th December 2023.
Read more about house prices in LU3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marsh Road, Luton, LU3 has a total of 314 addresses. According to our analysis of all the public data, Flat 5, The Heights, Luton is the 180th largest and the 176th most expensive property on the street.
When compared to the postcode district it is £165k less expensive than the average property in LU3.
The closest station to Flat 5, The Heights, Luton is Leagrave station which is 200 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 Flat 5, The Heights, Luton, 46.2% of property is privately rented and 22.1% 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 Flat 5, The Heights, Luton, 22.1% of residents are recorded as possessing school level qualifications and 33.2% 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 Flat 5, The Heights, Luton, the average age was 37 and the most common age was 7.
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 5, The Heights, Luton, 0.6% 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 5, The Heights, Luton, there are an average of 1.0 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
