Average Price for property in Vernon Road, Luton, LU1 is around £150,633 which varies based on type of property you are interested in and ranges from £169,168 for detached house to around £166,244 for semi-detached. Similarly terraced house is around £149,382 and a flat is worth £116,096. Values have been changing and have risen £480 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,067 in last 6 months, £11,141 in last 1 year, £18,832 in last 2 years, £23,231 in last 3 years, £17,911 in last 4 years and £19,067 in last 5 years.
Currently average asking price of a property in Vernon Road, Luton, LU1 is around £268,524 based on approximately 3 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 Vernon Road, Luton, LU1 is £150,633. Average asking price is £268,524 while average price paid is £122,166 which is up by £11,141 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 Vernon Road, Luton, LU1 area. In last 1 year alone average price buyer paid is around £122,166 based on approximately 3 sales in Vernon Road, Luton, LU1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £122,166. 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 £122,166 for 3 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £121,300 per sale.