Average Price for property in Cannon Lane, Luton, LU2 is around £245,673 which varies based on type of property you are interested in and ranges from £359,682 for detached house to around £272,004 for semi-detached. Similarly terraced house is around £237,955 and a flat is worth £198,213. Values have been changing and have risen £1,678 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,436 in last 6 months, £21,074 in last 1 year, £31,846 in last 2 years, £36,792 in last 3 years, £33,570 in last 4 years and £33,789 in last 5 years.
Currently average asking price of a property in Cannon Lane, Luton, LU2 is around £232,758 based on approximately 3 properties for sale. Same is the case with rental options based on 79 properties up for rent, average asking rent is around £1,848 per month.
Estimated property value in Cannon Lane, Luton, LU2 is £245,673. Average asking price is £232,758 while average price paid is £188,500 which is up by £21,074 and Avg. asking rent £1,848.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 Cannon Lane, Luton, LU2 area. In last 1 year alone average price buyer paid is around £188,500 based on approximately 3 sales in Cannon Lane, Luton, LU2 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £165,614. 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 £176,293 for 24 and average amount paid for purchase of approx. 28 properties sold in last 7 years comes to about £178,930 per sale.