1.3 Rivergate House Cheapside

    1.3 RIVERGATE HOUSE, CHEAPSIDE, LUTON, LU1 2HN

    This flat/maisonette leasehold property on Cheapside last sold in June 2002 for £28,500. Based on price growth in the LU1 district since then, its estimated current value is £71,067 — placing it in the 1st percentile nationally and the 1st percentile within LU1. The property covers 24 m² (258 sq ft), giving an estimated value of £2,961 per m². The EPC rating is D, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    258 sq ft

    24 m²

    Last Sale Price

    £28,500

    Jun 2002

    Estimated Valuation

    £71,067

    Est. £/sq ft

    £275/sq ft

    £2,961/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms1
    Main fuelelectricity (not community)
    EPC currentD
    EPC potentialC
    Floor area258 sq ft (24 m²)
    EPC dateMay 2018
    WallsCavity wall, as built, partial insulation (assumed)
    HeatingElectric storage heaters

    Transaction History

    6 Jun 2002

    £28,500

    Key Metrics

    Estimated valuation£71,067
    Value per sq ft / m²£275/sq ft (£2,961/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LU1 district percentile1st percentile
    National percentile1st 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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