Housing Market Analysis for RED RAILS, LU1 5NF

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

Overview of Sold House prices

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

  • Flat
    • The average price is around £108,833 median price is £104,500 Standard Deviation is £44,540 with Total Sold: 12
    • The Last 5 Year average price is £178,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 5, RED RAILS COURT RED RAILS: £178,000 (Sold on 09 Aug 2022)
    • The first recorded sale happened at this postcode is 5, RED RAILS COURT RED RAILS: £33,500 (Sold on 09 Dec 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average LU1 5NF 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
2022£178,000 £2,825 1
2018£159,250 £2,457 2
2016£155,000 £2,279 1
2013£108,000 £1,543 1
2011£106,000 £1,559 1
2006£98,000 £1,400 1
2005£103,000 £1,515 1
2004£95,000 £1,508 1
2001£55,498 £850 2
1998£33,500 £532 1

All the Sales in the RED RAILS, LU1 5NF

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

AddressSold DatePrice% Change
5, RED RAILS COURT RED RAILSFlat, LeaseholdArea: 63 Sq.mtrAge: 1967-197509 Aug 2022£178,00087.37%
23 Jan 2004£95,00063.81%
30 Nov 2001£57,99573.12%
09 Dec 1998£33,500First Sale
1, RED RAILS COURT RED RAILSFlat, LeaseholdArea: 60 Sq.mtrAge: 1950-196625 Jun 2018£153,000First Sale
6, RED RAILS COURT RED RAILSFlat, LeaseholdArea: 70 Sq.mtrAge: 1976-198229 May 2018£165,50053.24%
13 Dec 2013£108,00010.20%
03 Feb 2006£98,000First Sale
12, RED RAILS COURT RED RAILSFlat, LeaseholdArea: 68 Sq.mtrAge: 1967-197530 Aug 2016£155,00046.23%
02 Nov 2011£106,0002.91%
29 Jul 2005£103,00094.34%
17 Sep 2001£53,000First Sale

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

RED RAILS, LU1 5NF Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £160,029 median price is £150,000 Standard Deviation is £86,923 with Total Sold: 1,253
    • The Last 5 Year average price is £295,803 with Total Sold: 171
    • 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 £137,064 median price is £134,000 Standard Deviation is £76,689 with Total Sold: 978
    • The Last 5 Year average price is £258,095 with Total Sold: 126
    • 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 , 5 RYTON CLOSE: £48,000 (Sold on 26 Jan 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)
  • Flat
    • The average price is around £86,522 median price is £84,000 Standard Deviation is £44,757 with Total Sold: 323
    • The Last 5 Year average price is £134,442 with Total Sold: 43
    • The most recent sale happened at this postcode is FLAT 1, WHIPPERLEY COURT FARLEY HILL: £135,000 (Sold on 29 Feb 2024)
    • The first recorded sale happened at this postcode is FLAT C, 41 MILTON ROAD: £14,000 (Sold on 30 Jun 1995)
  • Detached
    • The average price is around £184,312 median price is £167,500 Standard Deviation is £102,772 with Total Sold: 67
    • The Last 5 Year average price is £347,639 with Total Sold: 9
    • The most recent sale happened at this postcode is , 2 SUTHERLAND PLACE: £430,000 (Sold on 27 Jun 2022)
    • The first recorded sale happened at this postcode is FLAT A, 41 MILTON ROAD: £24,000 (Sold on 23 May 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£329,192 £3,423 13
2023£315,260 £3,679 26
2022£311,751 £3,932 28
2021£310,872 £3,575 39
2020£265,607 £3,181 29
2019£265,292 £2,977 36
2018£260,303 £3,046 33
2017£271,287 £3,136 47
2016£249,193 £2,892 53
2015£199,233 £2,320 30
2014£181,362 £1,995 47
2013£157,019 £1,938 27
2012£159,914 £1,812 29
2011£156,172 £1,730 24
2010£154,207 £1,750 23
2009£153,301 £1,773 33
2008£174,462 £2,008 33
2007£178,774 £2,073 62
2006£156,334 £1,883 56
2005£143,394 £1,636 42
2004£147,465 £1,724 71
2003£132,175 £1,550 69
2002£104,036 £1,264 61
2001£89,026 £1,077 61
2000£75,815 £1,013 59
1999£64,867 £749 57
1998£58,500 £704 44
1997£51,970 £621 51
1996£47,015 £518 33
1995£46,565 £551 37
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£290,278 £4,013 9
2023£281,620 £3,968 21
2022£268,409 £3,692 22
2021£244,345 £3,078 33
2020£249,667 £3,028 18
2019£240,478 £3,138 23
2018£244,000 £3,007 32
2017£234,253 £3,148 31
2016£222,805 £2,914 31
2015£184,692 £2,403 44
2014£158,114 £2,039 28
2013£143,211 £2,041 22
2012£132,656 £1,713 16
2011£136,642 £1,728 20
2010£134,174 £1,670 23
2009£129,618 £1,593 17
2008£140,401 £2,089 18
2007£160,000 £1,922 34
2006£138,523 £1,787 43
2005£135,667 £1,741 49
2004£134,091 £1,743 52
2003£119,276 £1,597 44
2002£95,394 £1,255 46
2001£73,701 £1,020 49
2000£67,302 £902 56
1999£56,063 £730 50
1998£47,621 £628 39
1997£43,890 £604 42
1996£38,298 £509 43
1995£43,102 £555 23
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: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£154,000 £3,068 2
2023£115,000 £2,058 18
2022£154,071 £2,684 7
2021£149,200 £2,960 5
2020£156,750 £2,483 4
2019£135,929 £2,655 7
2018£148,357 £2,818 7
2017£152,300 £2,804 10
2016£136,892 £2,394 14
2015£117,917 £2,016 12
2014£99,854 £1,928 12
2013£83,607 £1,820 7
2012£88,750 £1,546 6
2011£87,136 £1,476 11
2010£99,429 £1,595 7
2009£86,000 £1,424 2
2008£111,454 £2,903 11
2007£113,082 £2,270 12
2006£100,818 £2,071 11
2005£95,100 £1,630 10
2004£96,924 £1,661 18
2003£75,964 £1,603 17
2002£60,062 £1,273 15
2001£48,202 £1,019 26
2000£41,155 £872 24
1999£32,250 £654 15
1998£27,464 £531 14
1997£23,741 £465 12
1996£13,500 £259 3
1995£28,874 £468 4
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£419,375 £4,121 2
2021£328,000 £3,843 5
2020£270,000 £3,462 1
2019£380,000 £2,946 1
2018£355,000 £3,944 1
2017£313,000 £3,649 2
2016£266,000 £2,606 2
2015£235,500 £2,292 2
2014£234,998 £1,979 2
2013£231,500 £1,728 1
2011£245,000 £2,549 2
2010£235,000 £2,098 1
2009£305,0001
2007£218,624 £2,299 4
2006£198,500 £1,938 2
2005£204,000 £1,810 3
2004£146,500 £1,420 2
2003£128,498 £1,693 3
2002£136,600 £1,693 5
2001£102,832 £1,074 3
2000£110,700 £1,274 5
1999£93,890 £943 5
1998£93,000 £1,245 5
1997£61,917 £801 3
1996£82,000 £776 2
1995£56,7252

House Type in LU1 5NF area

The most common house types in the LU1 5NF 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 5NF 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