Lutterworth

Area Guide For Lutterworth

Lutterworth is a market town and civil parish in the Harborough district of Leicestershire, England. The town is located in southern Leicestershire, 11 km (6.8 mi) north of Rugby, in Warwickshire and 24 km (15 mi) south of Leicester. It had a population of 8,293 in the 2001 UK census. Lutterworth lies on the A426 Leicester Rugby road, adjacent to the M1 motorway at junction 20. It is also located within a few miles of the M6 motorway and A5 trunk road. The town once had a station on the Great Central Railway; however, since its closure the nearest railway station is now at Rugby. A southern bypass, the A4303, was opened in 1999, providing a route for traffic from the M1 to the A5 to avoid Lutterworth town centre. The name of Lutterworth is probably derived from the Old Norse name "Lutter's Vordig" meaning Luther's Farm. Lutterworth was mentioned in the Domesday Book of 1086. The town was granted its Market Charter in 1214 by King John and continues to hold a market to this day. In the 14th century religious reformer Canon John Wyclif was Rector in Lutterworth's Parish Church of St Mary between 1374 and 1384, and it was here that he is traditionally believed to have produced the

 
 

Lutterworth Map

Estimated Price: £294,492
Average Asking Price: £328,390
Price change in last one year: £11,617
Average Price Paid: £242,669
Average Rent Rates: £926

 
 

Property Prices Breakdown in Lutterworth

Average Price for property in Lutterworth is around £294,492 which varies based on type of property you are interested in and ranges from £363,253 for detached house to around £201,525 for semi-detached. Similarly terraced house is around £186,047 and a flat is worth £111,136. Values have been changing and have risen £803 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,170 in last 6 months, £11,617 in last 1 year, £32,822 in last 2 years, £30,387 in last 3 years, £35,895 in last 4 years and £44,656 in last 5 years.

Currently average asking price of a property in Lutterworth is around £328,390 based on approximately 304 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £926 per month.

Estimated property value in Lutterworth is £294,492. Average asking price is £328,390 while average price paid is £259,211 which is up by £11,617 and Avg. asking rent £926.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 Lutterworth area. In last 1 year alone average price buyer paid is around £259,211 based on approximately 304 sales in Lutterworth area alone. If you compare it to last 3 years sales of 837 properties where buyers paid around £246,163. 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 £242,669 for 1,318 and average amount paid for purchase of approx. 1,741 properties sold in last 7 years comes to about £240,682 per sale.

 
 

Properties For Sale in Lutterworth

 
 

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 £170,000, £192,691 for a 2 bedroom house, £218,436 for a 3 bedroom house, £362,689 for a 4 bedroom house and £561,177 for a 5 bedroom house. For a flat similarly the prices varies from £110,000 for a single bedroom to £114,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Lutterworth it comes to around average £130,000 for 1 bedroom property, £176,953 for 2 bedroom, £218,436 for 3 bedroom, £362,689 for 4 bedroom and £561,177 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 £451 for 1 bedroom to £649 for 2 bedroom. You should be generally be expecting around average £451 rent per month for single bedroom property and approximately £649 for 2 bedroom property in Lutterworth area.

Popular Houses in Lutterworth

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.

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