Housing Market Analysis for HOMESTEAD WAY, LU1 5PD

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £168,636 median price is £150,000 Standard Deviation is £79,193 with Total Sold: 29
- The Last 5 Year average price is £299,100 with Total Sold: 5
- The most recent sale happened at this postcode is 6 HOMESTEAD WAY: £390,000 (Sold on 22 Mar 2023)
- The first recorded sale happened at this postcode is 26 HOMESTEAD WAY: £49,995 (Sold on 12 Feb 1999)
Terraced
- The average price is around £166,500 median price is £166,500 Standard Deviation is £4,500 with Total Sold: 2
- The Last 5 Year average price is £171,000 with Total Sold: 1
- The most recent sale happened at this postcode is 11 HOMESTEAD WAY: £171,000 (Sold on 03 Jun 2021)
- The first recorded sale happened at this postcode is 13 HOMESTEAD WAY: £162,000 (Sold on 21 May 2010)

Sold Price Trend Over the Years:

Below table and chart gives the average LU1 5PD 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£390,000	£3,750	1
2021	£285,000	£3,434	3
2019	£250,500	£2,913	1
2017	£280,000	£2,692	1
2016	£248,000	£3,024	1
2014	£180,000	£2,143	1
2013	£150,000	£1,807	1
2011	£152,000	£1,743	1
2009	£144,975	£1,829	2
2008	£167,000	£1,988	1
2007	£157,500	£1,946	2
2006	£147,500	£2,073	2
2005	£166,000	£1,976	1
2004	£137,498	£1,605	4
2003	£146,000	£1,591	2
2001	£80,000	£769	1
1999	£57,498	£592	4

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£171,000	£1,470	1
2010	£162,000	£1,543	1

All the Sales in the HOMESTEAD WAY, LU1 5PD

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

Address	Sold Date	Price	% Change
6 HOMESTEAD WAYSemi-Detached, FreeholdArea: 104 Sq.mtrAge: 1950-1966	22 Mar 2023	£390,000	165.31%
	19 Aug 2003	£147,000	First Sale
18 HOMESTEAD WAYSemi-Detached, FreeholdArea: 82 Sq.mtrAge: 1930-1949	23 Aug 2021	£280,000	First Sale
11 HOMESTEAD WAYTerraced, FreeholdArea: 116.3 Sq.mtrAge: 1950-1966	03 Jun 2021	£171,000	First Sale
4 HOMESTEAD WAYSemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-1966	30 Mar 2021	£290,000	93.33%
	05 Oct 2007	£150,000	3.45%
	17 Dec 2003	£145,000	First Sale
20 HOMESTEAD WAYSemi-Detached, FreeholdArea: 84 Sq.mtrAge: 1950-1966	22 Jan 2021	£285,000	383.05%
	15 Oct 1999	£59,000	First Sale
5 HOMESTEAD WAYSemi-Detached, FreeholdArea: 86 Sq.mtrAge: 1950-1966	19 Jul 2019	£250,500	First Sale
26 HOMESTEAD WAYSemi-Detached, FreeholdArea: 104 Sq.mtrAge: 1950-1966	20 Apr 2017	£280,000	250.00%
	30 Nov 2001	£80,000	60.02%
	12 Feb 1999	£49,995	First Sale
35 HOMESTEAD WAYSemi-Detached, FreeholdArea: 82 Sq.mtrAge: 1983-1990	27 May 2016	£248,000	45.88%
	12 Dec 2006	£170,000	27.82%
	23 Jul 2004	£133,000	First Sale
23 HOMESTEAD WAYSemi-Detached, FreeholdArea: 84 Sq.mtrAge: 1950-1966	13 May 2014	£180,000	7.78%
	09 Jan 2008	£167,000	First Sale
27 HOMESTEAD WAYSemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1950-1966	19 Aug 2013	£150,000	First Sale
10 HOMESTEAD WAYSemi-Detached, FreeholdArea: 87.186 Sq.mtrAge: 1950-1966	24 Jun 2011	£152,000	First Sale
13 HOMESTEAD WAYTerraced, FreeholdArea: 105 Sq.mtrAge: 1950-1966	21 May 2010	£162,000	First Sale
25 HOMESTEAD WAYSemi-Detached, FreeholdArea: 82 Sq.mtrAge: 1950-1966	20 Nov 2009	£149,950	First Sale
2 HOMESTEAD WAYSemi-Detached, Freehold	12 Jun 2009	£140,000	12.00%
2 HOMESTEAD WAYSemi-Detached, Freehold	25 Aug 2006	£125,000	First Sale
28 HOMESTEAD WAYSemi-Detached, FreeholdArea: 80 Sq.mtrAge: 1950-1966	04 May 2007	£165,000	First Sale
7 HOMESTEAD WAYSemi-Detached, FreeholdArea: 84 Sq.mtrAge: 1950-1966	25 Feb 2005	£166,000	First Sale
19 HOMESTEAD WAYSemi-Detached, Freehold	17 Sep 2004	£130,000	First Sale
15 HOMESTEAD WAYSemi-Detached, Freehold	02 Jul 2004	£151,995	First Sale
17 HOMESTEAD WAYSemi-Detached, FreeholdArea: 85 Sq.mtrAge: 1950-1966	07 Apr 2004	£134,995	First Sale
16 HOMESTEAD WAYSemi-Detached, Freehold	17 Dec 1999	£66,000	First Sale
22 HOMESTEAD WAYSemi-Detached, Freehold	23 Apr 1999	£54,995	First Sale

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

HOMESTEAD WAY, LU1 5PD Near By properties

Interactive Map

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

Semi-Detached
- The average price is around £164,340 median price is £152,500 Standard Deviation is £87,866 with Total Sold: 613
- The Last 5 Year average price is £305,592 with Total Sold: 84
- 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)
Terraced
- The average price is around £151,984 median price is £146,498 Standard Deviation is £78,193 with Total Sold: 308
- The Last 5 Year average price is £269,468 with Total Sold: 46
- 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 , 111 WHIPPERLEY WAY: £44,000 (Sold on 17 Feb 1995)
Flat
- The average price is around £93,157 median price is £98,000 Standard Deviation is £42,209 with Total Sold: 87
- The Last 5 Year average price is £154,200 with Total Sold: 10
- 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 , 67 WILSDEN AVENUE: £28,000 (Sold on 18 Apr 1997)
Detached
- The average price is around £191,605 median price is £208,750 Standard Deviation is £95,163 with Total Sold: 28
- The Last 5 Year average price is £335,000 with Total Sold: 4
- The most recent sale happened at this postcode is , 47 LEYHILL DRIVE: £340,000 (Sold on 11 Aug 2021)
- The first recorded sale happened at this postcode is , 196 FARLEY HILL: £89,450 (Sold on 23 Jun 1995)
Other
- The average price is around £759,250 median price is £162,500 Standard Deviation is £1,112,824 with Total Sold: 4
- The Last 5 Year average price is £2,680,000 with Total Sold: 1
- 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 , 76 FARLEY FARM ROAD: £270,000 (Sold on 27 Apr 2018)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£316,714		7
2023	£322,212	£3,663	13
2022	£341,214	£4,309	14
2021	£318,632	£3,492	19
2020	£283,269	£3,104	13
2019	£263,917	£3,007	18
2018	£266,667	£3,117	18
2017	£268,727	£3,024	22
2016	£244,315	£2,671	27
2015	£204,167	£2,310	12
2014	£184,266	£1,989	32
2013	£157,737	£2,009	19
2012	£154,789	£1,779	19
2011	£152,102	£1,760	11
2010	£163,425	£1,832	10
2009	£143,930	£1,682	15
2008	£179,429	£2,061	14
2007	£174,911	£1,932	31
2006	£159,233	£1,758	33
2005	£145,268	£1,590	19
2004	£148,097	£1,741	32
2003	£130,774	£1,514	35
2002	£106,356	£1,281	28
2001	£88,386	£989	26
2000	£79,400	£867	21
1999	£63,959	£679	26
1998	£57,250	£659	14
1997	£56,568	£647	25
1996	£49,795	£523	17
1995	£46,843	£520	23

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£291,500	£4,013	5
2023	£273,360	£3,938	7
2022	£301,250	£4,048	6
2021	£262,154	£3,131	13
2020	£263,667	£3,295	6
2019	£247,444	£2,978	9
2018	£253,000	£3,072	13
2017	£242,700	£3,072	10
2016	£233,329	£2,897	12
2015	£191,269	£2,307	13
2014	£158,433	£1,939	12
2013	£134,501	£1,805	6
2012	£144,000	£1,826	2
2011	£144,714	£1,717	7
2010	£149,000	£1,831	7
2009	£129,750	£1,621	8
2008	£152,431	£1,689	4
2007	£165,059	£2,073	17
2006	£146,735	£1,743	17
2005	£128,409	£1,512	17
2004	£144,829	£1,830	12
2003	£131,842	£1,569	13
2002	£90,200	£1,093	10
2001	£76,427	£980	14
2000	£70,785	£769	18
1999	£56,114	£654	20
1998	£53,388	£678	9
1997	£44,250	£561	10
1996	£44,248	£672	6
1995	£44,200	£583	5

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£135,000	£3,068	1
2023	£120,000	£3,333	1
2022	£169,167	£2,713	3
2021	£133,000	£3,637	2
2020	£175,000	£2,966	1
2019	£169,250	£2,809	2
2018	£162,833	£2,457	3
2017	£175,000	£3,017	1
2016	£125,667	£2,707	3
2015	£125,000	£2,005	4
2014	£97,667	£2,417	3
2013	£107,833	£2,423	3
2012	£112,750	£1,894	2
2011	£101,500	£1,688	4
2010	£95,000	£2,065	1
2009	£106,000	£1,697	1
2008	£89,499	£2,493	4
2007	£116,750	£2,385	2
2006	£97,167	£2,155	6
2005	£100,000	£1,503	3
2004	£96,429	£1,600	7
2003	£72,500	£2,508	2
2002	£59,849	£1,416	7
2001	£52,248	£1,136	8
2000	£41,400	£972	5
1999	£28,312	£688	4
1998	£31,165	£677	3
1997	£28,000	£459	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£345,000	£4,061	2
2020	£270,000	£3,462	1
2019	£380,000	£2,946	1
2016	£320,000	£2,689	1
2015	£235,500	£2,292	2
2014	£249,995	£1,667	1
2013	£231,500	£1,728	1
2011	£210,000	£2,377	1
2009	£305,000		1
2007	£230,750	£2,098	2
2005	£222,250	£1,967	2
2003	£107,500	£1,327	1
2002	£183,000		1
2001	£84,248		2
2000	£98,750	£1,590	2
1999	£132,000	£946	2
1998	£95,000	£1,226	1
1997	£62,500	£801	1
1996	£82,000	£776	2
1995	£89,450		1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£2,680,000		1
2018	£119,000	£2,219	3

House Type in LU1 5PD area

The most common house types in the LU1 5PD postcode area are Semi-detached (92), Flat (21), and Terraced (9).

Total	128
Semi-detached	92
Flat	21
Terraced	9
Detached	5
Shared house	1
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (45), and Social rented: Rents from council or Local Authority (35).

Owned: Owns with a mortgage or loan	45
Social rented: Rents from council or Local Authority	35
Private rented: Private landlord or letting agency	20
Owned: Owns outright	19
Social rented: Other social rented	6
Shared ownership: Shared ownership	1
Does not apply	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the LU1 5PD have 2 people in household (30), and 1 person in household (28).

2 people in household	30
1 person in household	28
4 people in household	23
3 people in household	19
5 people in household	12
6 people in household	10
7 people in household	3
0 people in household	0
8 or more people in household	0