38 Vernon Road

    38, VERNON ROAD, LUTON, LUTON, LU1 1NY

    This terraced freehold property on Vernon Road last sold in June 1998 for £40,000. Based on price growth in the LU1 district since then, its estimated current value is £235,757 — placing it in the 34th percentile nationally and the 35th percentile within LU1. The property covers 90 m² (969 sq ft), giving an estimated value of £2,620 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    969 sq ft

    90 m²

    Last Sale Price

    £40,000

    Jun 1998

    Estimated Valuation

    £235,757

    Est. £/sq ft

    £243/sq ft

    £2,620/m²

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area969 sq ft (90 m²)
    EPC dateDec 2018
    WallsSolid brick, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    5 Jun 1998

    £40,000

    Key Metrics

    Estimated valuation£235,757
    Value per sq ft / m²£243/sq ft (£2,620/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LU1 district percentile35th percentile
    National percentile34th percentile

    District Context — LU1

    LU1 covers Luton town centre and its immediate surroundings in Bedfordshire, positioned north of London on the main transport corridor. It is a densely populated urban area with a diverse, younger demographic and a strong private rental market.

    Average Property Price - LU1

    £321,141

    49

    National percentile

    Average Net Household Income - LU1

    £19,025

    2

    National percentile

    10-Year Annualised Price Growth - LU1

    4.8%

    86

    National percentile

    10-Year Annualised Rent Growth - LU

    4.3%

    72

    National percentile

    View full analysis for LU1

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