Area guide

Luton, LU1


Overview

On this page you will find in-depth information and analytics about the LU1 postcode district. This includes current and historical average prices, price trends, the distribution of property types, the prices of various streets, and other information about Luton, LU1.

LU1 is a relatively popular area with 308 transactions recorded in the past 12 months, which is 74.3% higher than the national average of 177. This is also 28% lower than the year prior which had 428 transactions.

Luton, LU1 current market prices

The price growth in Luton is lower than the national average, with the 2 year growth at -0.4 times the national average. Compared to other areas, LU1 is a relatively inexpensive area, with an average price -12.1% lower than the national average. The average house price in Luton, LU1 is £320,660 and the average rent is £916.

LU1 Current Averages

Market characteristic LU1 district National LU1 against national
Average price £320,660 £364,990 -12.1%
Average rent £781 £916 -14.7%
Sales per month 26 15 (54,560 Total) +73.3%

LU1 Growth trends

Growth rate LU1 district National
2yr house growth -3.5% 9.4%
2yr CAGR -1.8% 4.6%
Last 12 months house price growth 11.2% 4.8%

LU1 Average Price by property type

Type Current Average Average 1 year ago Average 2 year ago Historical Average price
All properties £320,660 £288,326 £332,235 £589,043 View houses for sale in LU1
Flats £200,000 £118,781 £133,505 £576,926 View flats for sale in LU1
Detached £448,750 £529,631 £470,906 £445,000 View detached for sale in LU1
Semi-detached £371,250 £295,656 £296,738 £348,077 View semi-detached for sale in LU1
Terraced £227,993 £233,130 £227,620 £298,057 View terraced for sale in LU1
Bungalows N/A N/A N/A £230,000 View bungalows for sale in LU1

LU1 Average Rent by property type

Type Historical Average Price
All properties to rent £911 View houses for rent in LU1
Flats for rent £720 View flats for rent in LU1
Detached for rent £1,150 View detached for rent in LU1
Semi-detached for rent £1,263 View semi-detached for rent in LU1
Terraced for rent £1,212 View terraced for rent in LU1
Bungalows for rent £808 View bungalows for rent in LU1

Luton, LU1 Housing Stock

Luton, LU1 has a total of 19,144 properties, of which 171 are currently for sale and 163 are for rent. Excluding flats, the most common property type in LU1 is terraced with a total of 7,844 houses.

All properties in area

Type Quantity Percentage
Total properties in area 19,144 -
Total flats in area 4,303 22.5%
Total detached in area 1,563 8.2%
Total semi-detached in area 4,857 25.4%
Total terraced in area 7,844 41%
Total other in area 577 3%

All properties for sale

Type Quantity Percentage
Total properties for sale 171 - View houses for sale in LU1
Total flats for sale 75 43.9% View flats for sale in LU1
Detached for sale 6 3.5% View detached for sale in LU1
Semi-detached for sale 13 7.6% View semi-detached for sale in LU1
Terraced for sale 35 20.5% View terraced for sale in LU1
Bungalows for sale 4 2.3% View bungalows for sale in LU1
Other properties for sale 38 22.2%

All properties for rent

Type Quantity
Total properties to rent 163 View houses for rent in LU1
Total flats for rent 68 View flats for rent in LU1
Detached for rent 3 View detached for rent in LU1
Semi-detached for rent 4 View semi-detached for rent in LU1
Terraced for rent 22 View terraced for rent in LU1
Bungalows for rent 3 View bungalows for rent in LU1
Other properties for rent 63

Most and least expensive streets in Luton, LU1

Luton, LU1 has a total of 340 streets. The most expensive street in LU1 is Kimpton Road, with an average sale price of £40,000,000. The least expensive street in LU1 is The Mall, with an average sale price of £30,000.



Frequently asked questions

What is the rental price in Luton?

The current average rental price in Luton is £873 per month. Mouseprice is currently listing 162 properties to rent in Luton.

Towns near Luton

Towns near Luton - Dunstable, Leighton buzzard

What schools are there in Luton?

Nearby schools in Luton include Rothesay Nursery School, Hillborough Junior School, Hillborough Infant School, Chapel Street Nursery School, Farley Junior School

What stations are there in Luton?

Nearby stations in Luton include Luton Station, Luton Airport Parkway Station, Leagrave Station, Harpenden Station, Harlington Station.


Notes

The data above illustrates the relative proportions different types of property in the LU1 postcode district. It is important to note that as homes are demolished and built these percentages will fluctuate accordingly. National averages are based on the most recent data available from the HM Land Registry© datasets.
Current average price and rent are based on the last month of data available.
Historical average prices are calculated using all LU1 sales since 1995.

Please note that end of terrace properties are defined as terrace, as opposed to semi detached.

CAGR: Compound Annual Growth Rate is the year-over-year growth rate of house prices over a specified period of time (in this case five years). This figure gives an indication of the returns that have been seen historically. It can also be seen as a "smoothed" rate of return.