Housing Market Analysis for RED RAILS, LU1 5NE

Are you looking to understand LU1 5NE 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 5NE area, explore the LU1 5NE Area information page.
For comprehensive crime statistics in the LU1 5NE area, explore the LU1 5NE Crime Rates page.

Overview of Sold House prices

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

  • Semi-Detached
    • The average price is around £157,497 median price is £141,000 Standard Deviation is £96,967 with Total Sold: 19
    • The Last 5 Year average price is £334,333 with Total Sold: 3
    • The most recent sale happened at this postcode is 54 RED RAILS: £330,000 (Sold on 20 Apr 2023)
    • The first recorded sale happened at this postcode is 46 RED RAILS: £49,000 (Sold on 29 Mar 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average LU1 5NE 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: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£330,000 £3,837 1
2022£336,500 £8,594 2
2016£265,000 £3,081 1
2015£195,000 £2,349 1
2013£159,000 £3,788 2
2007£185,000 £2,191 2
2006£140,0001
2005£136,000 £1,581 1
2004£141,000 £1,694 1
2002£105,000 £1,458 1
2000£65,725 £754 2
1997£40,500 £471 1
1995£49,167 £589 3

All the Sales in the RED RAILS, LU1 5NE

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

AddressSold DatePrice% Change
54 RED RAILSSemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1930-194920 Apr 2023£330,00024.53%
30 Aug 2016£265,00094.85%
14 Nov 2005£136,000235.80%
30 Apr 1997£40,500First Sale
42 RED RAILSSemi-Detached, FreeholdArea: 26 Sq.mtrAge: 1950-196615 Dec 2022£340,000126.67%
22 Feb 2013£150,000First Sale
48 RED RAILSSemi-Detached, FreeholdArea: 81 Sq.mtrAge: 1950-196616 Jun 2022£333,000First Sale
71 RED RAILSSemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-196610 Jul 2015£195,000First Sale
69 RED RAILSSemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1950-196618 Jan 2013£168,000195.00%
16 Feb 2000£56,950First Sale
75 RED RAILSSemi-Detached, FreeholdArea: 106 Sq.mtrAge: 1950-196602 Jul 2007£170,000First Sale
42A RED RAILSSemi-Detached, FreeholdArea: 72 Sq.mtrAge: 2007 onwards09 Mar 2007£200,00090.48%
18 Jul 2002£105,000First Sale
79 RED RAILSSemi-Detached, Freehold03 Feb 2006£140,000188.66%
29 Sep 1995£48,500-3.00%
28 Jul 1995£50,000First Sale
46 RED RAILSSemi-Detached, FreeholdArea: 83.24 Sq.mtrAge: 1967-197502 Jul 2004£141,00089.26%
31 Mar 2000£74,50052.04%
29 Mar 1995£49,000First Sale

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

RED RAILS, LU1 5NE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LU1 5NE 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 5NE postcode.

  • Semi-Detached
    • The average price is around £161,928 median price is £150,000 Standard Deviation is £90,542 with Total Sold: 1,316
    • The Last 5 Year average price is £297,674 with Total Sold: 180
    • 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 , 8 HILLBOROUGH ROAD: £35,000 (Sold on 09 Jan 1995)
  • Terraced
    • The average price is around £137,040 median price is £134,000 Standard Deviation is £76,039 with Total Sold: 910
    • The Last 5 Year average price is £255,677 with Total Sold: 118
    • The most recent sale happened at this postcode is , 50 CORNCASTLE ROAD: £290,000 (Sold on 11 Jul 2024)
    • The first recorded sale happened at this postcode is , 20 CORNCASTLE ROAD: £34,000 (Sold on 27 Jan 1995)
  • Detached
    • The average price is around £243,589 median price is £231,500 Standard Deviation is £134,630 with Total Sold: 135
    • The Last 5 Year average price is £410,098 with Total Sold: 23
    • The most recent sale happened at this postcode is , 6 HOLMFIELD CLOSE: £440,000 (Sold on 10 May 2024)
    • The first recorded sale happened at this postcode is , 85 FARLEY HILL: £54,000 (Sold on 12 Apr 1995)
  • Flat
    • The average price is around £91,426 median price is £91,000 Standard Deviation is £47,037 with Total Sold: 323
    • The Last 5 Year average price is £139,114 with Total Sold: 44
    • The most recent sale happened at this postcode is FLAT 3, 4 FARLEY HILL: £158,000 (Sold on 08 Mar 2024)
    • The first recorded sale happened at this postcode is FLAT C, 41 MILTON ROAD: £14,000 (Sold on 30 Jun 1995)
  • Other
    • The average price is around £312,338 median price is £55,000 Standard Deviation is £628,768 with Total Sold: 21
    • The Last 5 Year average price is £381,688 with Total Sold: 16
    • The most recent sale happened at this postcode is , 4 HUNTS CLOSE: £285,000 (Sold on 08 Mar 2024)
    • The first recorded sale happened at this postcode is FLAT C, 41 MILTON ROAD: £90,000 (Sold on 19 Jun 2017)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£334,967 £3,423 15
2023£303,952 £3,603 26
2022£313,758 £3,863 33
2021£308,381 £3,546 42
2020£265,159 £3,158 29
2019£275,957 £2,967 35
2018£261,806 £3,033 36
2017£274,010 £3,116 50
2016£250,986 £2,880 53
2015£197,368 £2,298 38
2014£187,489 £2,014 48
2013£156,517 £1,918 30
2012£177,000 £1,851 30
2011£172,861 £1,797 28
2010£153,750 £1,759 21
2009£154,205 £1,743 29
2008£183,354 £2,033 36
2007£181,726 £2,062 62
2006£160,021 £1,869 56
2005£143,360 £1,610 46
2004£148,149 £1,725 71
2003£134,334 £1,565 66
2002£105,589 £1,269 70
2001£87,749 £1,040 62
2000£75,441 £1,001 57
1999£66,760 £782 61
1998£62,499 £704 49
1997£55,145 £620 55
1996£48,512 £529 41
1995£47,461 £541 41
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£290,278 £4,013 9
2023£272,884 £3,843 17
2022£268,571 £3,669 21
2021£241,044 £3,023 32
2020£248,882 £3,080 17
2019£242,455 £3,057 22
2018£242,355 £3,025 31
2017£231,879 £3,142 26
2016£224,095 £2,857 31
2015£184,084 £2,383 41
2014£156,928 £2,012 25
2013£142,633 £2,045 20
2012£134,464 £1,728 14
2011£135,177 £1,713 16
2010£135,762 £1,648 21
2009£129,761 £1,576 18
2008£140,401 £2,089 18
2007£161,161 £1,888 31
2006£137,440 £1,765 42
2005£134,870 £1,714 43
2004£134,423 £1,729 49
2003£120,640 £1,581 44
2002£95,639 £1,243 44
2001£74,375 £1,000 45
2000£66,715 £885 53
1999£56,047 £718 46
1998£50,543 £634 39
1997£43,154 £593 35
1996£37,558 £495 40
1995£42,454 £528 20
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£440,0001
2023£791,500 £3,010 1
2022£421,250 £4,271 3
2021£379,625 £3,728 8
2020£392,500 £3,667 2
2019£389,375 £3,044 8
2018£355,000 £3,944 1
2017£349,000 £3,461 5
2016£299,000 £2,498 3
2015£307,713 £2,626 7
2014£309,099 £2,483 5
2013£298,250 £2,072 2
2012£364,250 £2,269 2
2011£232,500 £2,394 4
2010£318,750 £2,124 2
2009£269,000 £1,722 3
2008£270,000 £2,030 1
2007£336,583 £2,016 6
2006£252,875 £1,938 4
2005£198,357 £1,914 7
2004£272,167 £1,563 6
2003£168,216 £1,327 5
2002£168,700 £1,312 10
2001£134,166 £1,240 6
2000£128,929 £1,133 7
1999£114,490 £1,125 5
1998£99,500 £1,168 6
1997£90,321 £801 7
1996£103,000 £776 3
1995£77,489 £655 5
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£155,333 £2,997 3
2023£119,474 £2,090 19
2022£158,833 £2,834 9
2021£155,833 £2,842 6
2020£172,000 £2,657 2
2019£135,300 £2,694 5
2018£158,071 £2,633 7
2017£150,615 £2,910 13
2016£137,823 £2,523 17
2015£118,182 £1,992 11
2014£105,444 £1,999 9
2013£88,964 £1,852 7
2012£94,929 £1,573 7
2011£94,682 £1,554 11
2010£99,429 £1,595 7
2009£86,000 £1,424 2
2008£110,200 £2,903 10
2007£121,321 £2,303 14
2006£101,444 £2,080 9
2005£108,539 £1,716 19
2004£96,852 £1,647 16
2003£79,035 £1,638 14
2002£60,424 £1,376 14
2001£47,837 £1,007 26
2000£40,897 £888 22
1999£28,982 £595 14
1998£26,464 £533 14
1997£23,270 £445 10
1996£13,500 £259 3
1995£28,500 £465 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£285,0001
2023£204,750 £3,489 12
2021£1,121,667 £4,534 3
2018£90,525 £2,219 4
2017£90,000 £2,310 1

House Type in LU1 5NE area

The most common house types in the LU1 5NE postcode area are Semi-detached (69), Flat (27), and Terraced (14).

Total116
Semi-detached69
Flat27
Terraced14
commercial building4
Shared house2
Detached0
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 Owned: Owns with a mortgage or loan (28).

Social rented: Rents from council or Local Authority39
Owned: Owns with a mortgage or loan28
Owned: Owns outright25
Private rented: Private landlord or letting agency13
Social rented: Other social rented3
Private rented: Other private rented3
Shared ownership: Shared ownership1
Lives rent free1
Does not apply0

Number of People in a Household

The most houses in the LU1 5NE have 4 people in household (27), and 2 people in household (26).

4 people in household27
2 people in household26
1 person in household21
3 people in household21
5 people in household14
6 people in household5
7 people in household2
0 people in household0
8 or more people in household0