Bretts Mead, Luton, LU1

Street Guide For Bretts Mead, Luton, LU1

 

Bretts Mead, Luton, LU1 Map

Estimated Price: £193,478
Average Asking Price: £268,524
Price change in last one year: £13,968
Average Price Paid: £155,500
Average Rent Rates: £1,371

 

Property Prices Breakdown in Bretts Mead, Luton, LU1

Average Price for property in Bretts Mead, Luton, LU1 is around £193,478 which varies based on type of property you are interested in and ranges from £194,990 for semi-detached to around £166,277 for terraced house. Values have been changing and have risen £601 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,590 in last 6 months, £13,968 in last 1 year, £23,609 in last 2 years, £29,123 in last 3 years, £22,452 in last 4 years and £23,900 in last 5 years.

Currently average asking price of a property in Bretts Mead, Luton, LU1 is around £268,524 based on approximately 0 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 Bretts Mead, Luton, LU1 is £193,478. Average asking price is £268,524 while average price paid is £155,500 which is up by £29,123 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 Bretts Mead, Luton, LU1 area. In last 3 years alone average price buyer paid is around £155,500 based on approximately 3 sales in Bretts Mead, Luton, LU1 area alone. If you compare it to last 5 years sales of 3 properties where buyers paid around £155,500. It has been same for some time now for e.g. if you take an average of amount paid in last 7 years, it comes to around £155,700 for 5 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 Bretts Mead, 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 Bretts Mead, Luton, LU1 area.

Popular Houses in Bretts Mead, 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 Bretts Mead, Luton, LU1