2.1 Rivergate House Cheapside

    2.1 RIVERGATE HOUSE, CHEAPSIDE, LUTON, LU1 2HN

    This flat/maisonette leasehold property on Cheapside last sold in April 2019 for £71,500. Based on price growth in the LU1 district since then, its estimated current value is £78,162 — placing it in the 1st percentile nationally and the 1st percentile within LU1. The property covers 26 m² (280 sq ft), giving an estimated value of £3,006 per m². The EPC rating is C, with a potential rating of C.

    Type

    Flat/Maisonette

    Tenure

    Leasehold

    Floor Area

    280 sq ft

    26 m²

    Last Sale Price

    £71,500

    Apr 2019

    Estimated Valuation

    £78,162

    Est. £/sq ft

    £279/sq ft

    £3,006/m²

    Property Details

    TypeFlat/Maisonette
    TenureLeasehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1967-1975
    Habitable rooms1
    Main fuelelectricity (not community)
    EPC currentC
    EPC potentialC
    Floor area280 sq ft (26 m²)
    EPC dateOct 2019
    WallsCavity wall, filled cavity
    HeatingElectric storage heaters

    Transaction History

    9 Apr 2019

    £71,500

    30 Mar 2017

    £67,500

    2 Jul 2013

    £45,000

    23 Aug 2002

    £43,000

    Key Metrics

    Estimated valuation£78,162
    Value per sq ft / m²£279/sq ft (£3,006/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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