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Bricks&Logic is a trading name of Urban Markets Ltd
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, Flat 7, Great Downs 2B, Luton is a modern leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 7, Great Downs 2B, Luton is £126,530 and the estimated rental value is £778 per month.
The apartment is within Great Downs, Downs Road, Luton, LU1.
Downs Road, Luton, LU1 is located within the LU1 postal district.
Flat 7, Great Downs 2B, Luton has 21 entries in the Land Registry , most recently in October 2022 and a single entry in the EPC database dated April 2012.
We combine this information with that of neighbouring properties to estimate the property 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 7, Great Downs 2B, Luton is in very good condition we estimate a sale value of £132,856 and a rental value of £817 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,673 and a rental value of £723 per month.
Over the last 12 months the sale value of Flat 7 Great Downs 2B Luton has increased by an estimated £3,072 (2.4%) and its rental value has increased by an estimated £22 per month (2.9%), giving an expected gross yield of 7.4%.
Flat 7, Great Downs 2B, Luton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Apr 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 7, Great Downs 2B, Luton was last sold on 7th October 2022 for £138,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since October 2022, the market for similar properties has risen 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Great Downs 2B, Luton within a radius of 320 metres over the last 2 years.
The most recent example is Flat 34, Marlborough Court, Grove Road, Luton, LU1 1RW, a leasehold flat which sold for £150,500 on the 6th October 2022.
Read more about house prices in LU1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Downs Road, Luton, LU1 has a total of 442 addresses. According to our analysis of all the public data, Flat 7, Great Downs 2B, Luton is the 308th largest and the 236th most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in LU1.
The closest station to Flat 7, Great Downs 2B, Luton is Luton station which is 900 metres away.
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 7, Great Downs 2B, Luton, 75.6% of property is privately rented and 14.4% 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 7, Great Downs 2B, Luton, 24.0% of residents are recorded as possessing school level qualifications and 33.3% 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 7, Great Downs 2B, Luton, the average age was 33.3 and the most common age was 32.
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 7, Great Downs 2B, Luton, 0.2% 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 7, Great Downs 2B, Luton, there are an average of 0.6 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
