Housing Market Analysis for RICHARDS CLOSE, LU1 5LN

Are you looking to understand LU1 5LN house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Luton postcode.

For the location information and nearby amenities in the LU1 5LN area, explore the LU1 5LN Area information page.
For comprehensive crime statistics in the LU1 5LN area, explore the LU1 5LN Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LU1 5LN postcode area, The average prices are as follows,

  • Flat
    • The average price is around £82,667 median price is £80,000 Standard Deviation is £9,177 with Total Sold: 3
    • The most recent sale happened at this postcode is 6, RICHARDS COURT RICHARDS CLOSE: £95,000 (Sold on 30 May 2014)
    • The first recorded sale happened at this postcode is 5, RICHARDS COURT RICHARDS CLOSE: £73,000 (Sold on 12 Mar 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average LU1 5LN house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2014£95,000 £1,915 1
2011£80,000 £1,613 1
2004£73,000 £1,431 1

All the Sales in the RICHARDS CLOSE, LU1 5LN

See the table below for more details on the sold house prices in the LU1 5LN, Luton postcode.

AddressSold DatePrice% Change
6, RICHARDS COURT RICHARDS CLOSEFlat, LeaseholdArea: 49.61 Sq.mtrAge: 1950-196630 May 2014£95,00018.75%
10 Jun 2011£80,000First Sale
5, RICHARDS COURT RICHARDS CLOSEFlat, LeaseholdArea: 51 Sq.mtrAge: 1950-196612 Mar 2004£73,000First Sale

Check out the sold house prices near the LU1 5LN postcode. Properties currently for saleProperties currently for rent

RICHARDS CLOSE, LU1 5LN Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LU1 5LN postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LU1 5LN postcode.

  • Semi-Detached
    • The average price is around £164,337 median price is £155,000 Standard Deviation is £86,025 with Total Sold: 849
    • The Last 5 Year average price is £298,409 with Total Sold: 122
    • The most recent sale happened at this postcode is , 28 THE CROSSWAY: £340,000 (Sold on 19 Aug 2024)
    • The first recorded sale happened at this postcode is , 45 BRETTS MEAD: £43,500 (Sold on 23 Jan 1995)
  • Flat
    • The average price is around £101,807 median price is £96,000 Standard Deviation is £44,034 with Total Sold: 193
    • The Last 5 Year average price is £156,520 with Total Sold: 25
    • The most recent sale happened at this postcode is , 224 WHIPPERLEY RING: £140,000 (Sold on 14 Jun 2024)
    • The first recorded sale happened at this postcode is 6, WULWARDS COURT WULWARDS CLOSE: £29,995 (Sold on 31 Jul 1995)
  • Terraced
    • The average price is around £153,190 median price is £147,000 Standard Deviation is £78,348 with Total Sold: 365
    • The Last 5 Year average price is £270,870 with Total Sold: 54
    • The most recent sale happened at this postcode is , 54 ROTHERAM AVENUE: £330,000 (Sold on 02 Apr 2024)
    • The first recorded sale happened at this postcode is , 5 RYTON CLOSE: £48,000 (Sold on 26 Jan 1995)
  • Detached
    • The average price is around £190,719 median price is £183,000 Standard Deviation is £93,299 with Total Sold: 33
    • The Last 5 Year average price is £340,750 with Total Sold: 5
    • The most recent sale happened at this postcode is , 8 DUNSMORE ROAD: £408,750 (Sold on 11 Feb 2022)
    • The first recorded sale happened at this postcode is , 1 HILLARY CRESCENT: £79,000 (Sold on 10 Oct 1996)
  • Other
    • The average price is around £615,000 median price is £245,000 Standard Deviation is £934,148 with Total Sold: 6
    • The Last 5 Year average price is £1,350,000 with Total Sold: 2
    • The most recent sale happened at this postcode is , 1 LEYHILL DRIVE: £2,680,000 (Sold on 30 Jun 2021)
    • The first recorded sale happened at this postcode is , WHIPPERLEY MEDICAL CENTRE, 311 WHIPPERLEY RING: £220,000 (Sold on 17 Oct 2014)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£332,885 £3,423 13
2023£320,708 £3,654 18
2022£307,884 £4,173 17
2021£314,172 £3,452 29
2020£269,555 £3,186 20
2019£262,780 £3,163 25
2018£272,786 £3,134 21
2017£267,154 £3,025 37
2016£240,146 £2,815 36
2015£200,037 £2,436 23
2014£185,332 £2,195 48
2013£153,861 £1,995 18
2012£158,955 £1,799 22
2011£158,632 £1,736 18
2010£157,583 £1,724 21
2009£152,019 £1,735 24
2008£170,145 £1,940 19
2007£172,134 £2,030 39
2006£153,671 £1,813 35
2005£143,533 £1,654 24
2004£143,577 £1,639 47
2003£130,472 £1,476 51
2002£103,096 £1,224 40
2001£88,750 £1,019 38
2000£74,306 £861 29
1999£61,930 £693 36
1998£54,971 £631 26
1997£54,733 £639 27
1996£50,392 £543 23
1995£46,518 £523 25
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£211,000 £3,721 3
2023£170,000 £1,954 1
2022£152,250 £2,666 8
2021£140,800 £2,422 5
2020£151,400 £2,487 5
2019£143,667 £2,557 3
2018£152,938 £2,593 8
2017£158,832 £2,756 6
2016£150,107 £2,350 14
2015£117,417 £1,910 12
2014£96,725 £1,650 10
2013£92,500 £1,485 6
2012£88,750 £1,460 6
2011£83,222 £1,476 9
2010£95,188 £1,544 8
2009£86,000 £1,424 2
2008£96,167 £1,670 3
2007£113,188 £1,910 8
2006£100,333 £1,768 9
2005£95,938 £1,616 8
2004£82,962 £1,462 13
2003£79,877 £1,411 9
2002£53,388 £920 9
2001£51,999 £979 8
2000£41,897 £735 5
1999£38,285 £628 7
1998£37,500 £524 3
1997£26,098 £555 2
1995£36,998 £463 3
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£305,500 £3,415 5
2023£321,500 £4,246 10
2022£309,000 £3,989 7
2021£246,625 £3,169 12
2020£237,000 £3,174 8
2019£238,833 £3,052 12
2018£244,731 £2,893 13
2017£242,125 £3,094 16
2016£247,869 £3,077 8
2015£187,272 £2,419 23
2014£170,011 £2,250 18
2013£140,750 £1,995 12
2012£138,857 £1,688 7
2011£140,075 £1,702 10
2010£147,111 £1,764 9
2009£133,667 £1,742 6
2008£119,665 £1,943 3
2007£163,611 £2,171 18
2006£148,906 £1,912 16
2005£132,687 £1,603 20
2004£134,372 £1,792 16
2003£120,781 £1,763 14
2002£93,123 £1,277 16
2001£73,691 £1,049 13
2000£70,891 £935 19
1999£56,284 £667 17
1998£54,506 £731 7
1997£45,176 £629 17
1996£47,222 £652 9
1995£46,562 £657 4
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£408,750 £3,464 1
2021£341,667 £3,921 3
2020£270,000 £3,462 1
2017£277,000 £3,420 1
2016£320,000 £2,689 1
2015£235,500 £2,292 2
2014£234,998 £1,979 2
2013£231,500 £1,728 1
2011£164,000 £2,242 2
2007£210,498 £2,299 3
2005£187,500 £1,796 2
2004£146,500 £1,420 2
2003£140,000 £2,059 1
2002£141,500 £1,562 2
2001£129,9951
2000£96,500 £1,160 3
1999£64,000 £941 1
1998£72,500 £836 2
1997£62,500 £801 1
1996£79,000 £894 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£2,680,0001
2020£20,0001
2018£162,500 £2,219 2
2016£445,0001
2014£220,0001

House Type in LU1 5LN area

The most common house types in the LU1 5LN postcode area are Semi-detached (70), Flat (47), and Terraced (19).

Total143
Semi-detached70
Flat47
Terraced19
Detached6
commercial building1
Shared house0
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Rents from council or Local Authority (39), and Social rented: Other social rented (36).

Social rented: Rents from council or Local Authority39
Social rented: Other social rented36
Owned: Owns with a mortgage or loan33
Owned: Owns outright18
Private rented: Private landlord or letting agency11
Shared ownership: Shared ownership7
Private rented: Other private rented2
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the LU1 5LN have 1 person in household (41), and 2 people in household (28).

1 person in household41
2 people in household28
3 people in household23
4 people in household21
5 people in household12
6 people in household11
7 people in household6
8 or more people in household5
0 people in household0