Summer Street, Slip End, Luton, LU1

Street Guide For Summer Street, Slip End, Luton, LU1

 

Summer Street, Slip End, Luton, LU1 Map

Estimated Price: £267,878
Average Asking Price: £270,834
Price change in last one year: £19,825
Average Price Paid: £207,372
Average Rent Rates: £1,372

 

Property Prices Breakdown in Summer Street, Slip End, Luton, LU1

Average Price for property in Summer Street, Slip End, Luton, LU1 is around £267,878 which varies based on type of property you are interested in and ranges from £398,628 for detached house to around £258,721 for semi-detached. Similarly terraced house is around £248,510. Values have been changing and have risen £852 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,675 in last 6 months, £19,825 in last 1 year, £33,508 in last 2 years, £41,333 in last 3 years, £31,859 in last 4 years and £33,912 in last 5 years.

Currently average asking price of a property in Summer Street, Slip End, Luton, LU1 is around £270,834 based on approximately 4 properties for sale. Same is the case with rental options based on 245 properties up for rent, average asking rent is around £1,372 per month.

Estimated property value in Summer Street, Slip End, Luton, LU1 is £267,878. Average asking price is £270,834 while average price paid is £226,875 which is up by £19,825 and Avg. asking rent £1,372.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 Summer Street, Slip End, Luton, LU1 area. In last 1 year alone average price buyer paid is around £226,875 based on approximately 4 sales in Summer Street, Slip End, Luton, LU1 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £213,730. 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 £207,372 for 20 and average amount paid for purchase of approx. 32 properties sold in last 7 years comes to about £211,654 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, £215,538 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 £91,658 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 Summer Street, Slip End, Luton, LU1 it comes to around average £91,800 for 1 bedroom property, £146,142 for 2 bedroom, £216,023 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 £582. 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 £600 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 Summer Street, Slip End, Luton, LU1 area.

Popular Houses in Summer Street, Slip End, 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 Summer Street, Slip End, Luton, LU1