Ludlow Avenue, Luton, LU1

Street Guide For Ludlow Avenue, Luton, LU1

 

Ludlow Avenue, Luton, LU1 Map

Estimated Price: £558,958
Average Asking Price: £268,524
Price change in last one year: £41,837
Average Price Paid: £426,083
Average Rent Rates: £1,371

 

Property Prices Breakdown in Ludlow Avenue, Luton, LU1

Average Price for property in Ludlow Avenue, Luton, LU1 is around £558,958 which varies based on type of property you are interested in and ranges from £598,560 for detached house to around £417,527 for semi-detached. Values have been changing and have risen £1,796 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,752 in last 6 months, £41,837 in last 1 year, £70,714 in last 2 years, £87,222 in last 3 years, £67,219 in last 4 years and £71,546 in last 5 years.

Currently average asking price of a property in Ludlow Avenue, Luton, LU1 is around £268,524 based on approximately 1 properties for sale. Same is the case with rental options based on 243 properties up for rent, average asking rent is around £1,371 per month.

Estimated property value in Ludlow Avenue, Luton, LU1 is £558,958. Average asking price is £268,524 while average price paid is £365,000 which is up by £41,837 and Avg. asking rent £1,371.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Ludlow Avenue, Luton, LU1 area. In last 1 year alone average price buyer paid is around £365,000 based on approximately 1 sales in Ludlow Avenue, Luton, LU1 area alone. If you compare it to last 3 years sales of 8 properties where buyers paid around £455,374. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £426,083 for 12 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £427,218 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £95,000, £206,488 for a 2 bedroom house, £212,056 for a 3 bedroom house, £395,516 for a 4 bedroom house and £314,286 for a 5 bedroom house. For a flat similarly the prices varies from £92,274 for a single bedroom to £111,659 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £225,000. To sum up the asking prices for properties in Ludlow Avenue, Luton, LU1 it comes to around average £92,388 for 1 bedroom property, £146,142 for 2 bedroom, £212,775 for 3 bedroom, £395,516 for 4 bedroom and £314,286 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £697 for 1 bedroom to £734 for 2 bedrooms, £949 for 3 bedrooms, £999 for 4 bedrooms and £1,898 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £586. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £694, £802 for 3 bedroom, £1,001 for 4 bedroom and around £433 for 5 bedroom flat. You should be generally be expecting around average £602 rent per month for single bedroom property, £726 for 2 bedroom, £939 for 3 bedroom, £999 for 4 bedroom and approximately £1,166 for a 5 bedroom property in Ludlow Avenue, Luton, LU1 area.

Popular Houses in Ludlow Avenue, Luton, LU1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Ludlow Avenue, Luton, LU1