Burnt Close, Luton, LU3

Street Guide For Burnt Close, Luton, LU3

 

Burnt Close, Luton, LU3 Map

Estimated Price: £134,702
Average Asking Price: £245,911
Price change in last one year: £11,666
Average Price Paid: £115,000
Average Rent Rates: £934

 

Property Prices Breakdown in Burnt Close, Luton, LU3

Average Price for property in Burnt Close, Luton, LU3 is around £134,702 which varies based on type of property you are interested in and ranges from £141,761 for semi-detached to around £132,937 for terraced house. Values have been changing and have risen £551 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,781 in last 6 months, £11,666 in last 1 year, £17,171 in last 2 years, £21,366 in last 3 years, £19,005 in last 4 years and £18,492 in last 5 years.

Currently average asking price of a property in Burnt Close, Luton, LU3 is around £245,911 based on approximately 0 properties for sale. Same is the case with rental options based on 105 properties up for rent, average asking rent is around £934 per month.

Estimated property value in Burnt Close, Luton, LU3 is £134,702. Average asking price is £245,911 while average price paid is £115,000 which is up by £21,366 and Avg. asking rent £934.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 Burnt Close, Luton, LU3 area. In last 3 years alone average price buyer paid is around £115,000 based on approximately 1 sales in Burnt Close, Luton, LU3 area alone. If you compare it to last 5 years sales of 1 properties where buyers paid around £115,000. 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 £115,000 for 1 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 £131,248, £169,451 for a 2 bedroom house, £216,752 for a 3 bedroom house, £324,133 for a 4 bedroom house and £386,786 for a 5 bedroom house. For a flat similarly the prices varies from £102,960 for a single bedroom to £119,257 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £124,998. To sum up the asking prices for properties in Burnt Close, Luton, LU3 it comes to around average £106,288 for 1 bedroom property, £149,102 for 2 bedroom, £213,007 for 3 bedroom, £324,133 for 4 bedroom and £386,786 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 £582 for 1 bedroom to £777 for 2 bedroom, £892 for 3 bedroom and £1,176 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £675. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £715 and £742 for 3 bedroom. You should be generally be expecting around average £604 rent per month for single bedroom property, £752 for 2 bedroom, £868 for 3 bedroom and approximately £1,176 for 4 bedroom property in Burnt Close, Luton, LU3 area.

Popular Houses in Burnt Close, Luton, LU3

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 Burnt Close, Luton, LU3