Housing Market Analysis for RICHMOND DRIVE, LU5 5GH

Are you looking to understand LU5 5GH 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 Central Bedfordshire postcode.

For the location information and nearby amenities in the LU5 5GH area, explore the LU5 5GH Area information page.
For comprehensive crime statistics in the LU5 5GH area, explore the LU5 5GH Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LU5 5GH postcode area, The average prices are as follows,

  • Flat
    • The average price is around £69,012 median price is £69,900 Standard Deviation is £16,709 with Total Sold: 4
    • The Last 5 Year average price is £46,250 with Total Sold: 1
    • The most recent sale happened at this postcode is FLAT 7, CLARENCE PLACE RICHMOND DRIVE: £46,250 (Sold on 29 Sep 2020)
    • The first recorded sale happened at this postcode is FLAT 1, CLARENCE PLACE RICHMOND DRIVE: £78,750 (Sold on 28 Nov 2016)

Sold Price Trend Over the Years:

Below table and chart gives the average LU5 5GH 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
2020£46,250 £609 1
2018£75,525 £1,086 2
2016£78,750 £1,104 1

All the Sales in the RICHMOND DRIVE, LU5 5GH

See the table below for more details on the sold house prices in the LU5 5GH, Central Bedfordshire postcode.

AddressSold DatePrice% Change
FLAT 7, CLARENCE PLACE RICHMOND DRIVEFlat, LeaseholdArea: 75.94 Sq.mtr29 Sep 2020£46,250First Sale
FLAT 5, CLARENCE PLACE RICHMOND DRIVEFlat, LeaseholdArea: 67 Sq.mtrAge: 2003-200622 Jun 2018£61,050First Sale
FLAT 1, CLARENCE PLACE RICHMOND DRIVEFlat, LeaseholdArea: 71.34 Sq.mtr08 Jun 2018£90,00014.29%
28 Nov 2016£78,750First Sale

Check out the sold house prices near the LU5 5GH postcode. Properties currently for saleProperties currently for rent

RICHMOND DRIVE, LU5 5GH Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LU5 5GH 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 LU5 5GH postcode.

  • Terraced
    • The average price is around £121,694 median price is £117,500 Standard Deviation is £68,980 with Total Sold: 1,621
    • The Last 5 Year average price is £241,259 with Total Sold: 199
    • The most recent sale happened at this postcode is , 9 HENLEY CLOSE: £272,500 (Sold on 17 Sep 2024)
    • The first recorded sale happened at this postcode is , 22 LOWRY DRIVE: £37,000 (Sold on 06 Jan 1995)
  • Other
    • The average price is around £245,911 median price is £196,000 Standard Deviation is £225,183 with Total Sold: 9
    • The Last 5 Year average price is £199,743 with Total Sold: 7
    • The most recent sale happened at this postcode is , 31 NASH CLOSE: £196,000 (Sold on 12 Jul 2024)
    • The first recorded sale happened at this postcode is , 1 - 2 NEPTUNE SQUARE: £575,000 (Sold on 12 May 2014)
  • Semi-Detached
    • The average price is around £131,520 median price is £125,000 Standard Deviation is £74,411 with Total Sold: 911
    • The Last 5 Year average price is £269,806 with Total Sold: 94
    • The most recent sale happened at this postcode is , 76 MILTON WAY: £375,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , 4 KEATON CLOSE: £50,500 (Sold on 12 Jan 1995)
  • Detached
    • The average price is around £186,475 median price is £175,000 Standard Deviation is £95,427 with Total Sold: 246
    • The Last 5 Year average price is £333,500 with Total Sold: 30
    • The most recent sale happened at this postcode is , 4 TENNYSON AVENUE: £401,000 (Sold on 21 Jun 2024)
    • The first recorded sale happened at this postcode is , 92 HALLEYS WAY: £70,000 (Sold on 24 Mar 1995)
  • Flat
    • The average price is around £78,501 median price is £71,000 Standard Deviation is £45,751 with Total Sold: 397
    • The Last 5 Year average price is £136,089 with Total Sold: 42
    • The most recent sale happened at this postcode is , 15 LOWRY DRIVE: £125,000 (Sold on 15 Dec 2023)
    • The first recorded sale happened at this postcode is , 4 EVANS CLOSE: £26,000 (Sold on 31 Jan 1995)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£256,3899
2023£259,431 £4,095 29
2022£270,378 £4,229 49
2021£228,762 £3,840 40
2020£211,523 £3,385 22
2019£222,540 £3,531 50
2018£215,189 £3,487 45
2017£212,430 £3,339 43
2016£188,837 £3,013 60
2015£158,488 £2,653 48
2014£142,100 £2,373 59
2013£130,822 £2,090 44
2012£132,537 £1,958 27
2011£124,698 £1,864 26
2010£127,516 £2,022 31
2009£124,750 £1,940 16
2008£137,057 £2,299 26
2007£140,143 £2,323 75
2006£126,030 £2,143 83
2005£124,276 £2,123 61
2004£118,790 £1,928 77
2003£106,054 £1,826 77
2002£86,951 £1,504 84
2001£67,974 £1,159 108
2000£60,253 £1,040 75
1999£51,604 £870 82
1998£46,591 £789 90
1997£43,205 £716 88
1996£38,634 £678 56
1995£39,192 £666 41
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£133,0002
2022£300,0001
2021£208,050 £164 4
2018£240,000 £2,857 1
2014£575,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£290,8339
2023£309,521 £4,018 14
2022£282,312 £3,989 24
2021£253,594 £3,624 16
2020£249,029 £3,469 17
2019£238,893 £3,502 14
2018£240,733 £3,370 30
2017£240,750 £3,307 26
2016£210,761 £3,082 23
2015£181,000 £2,367 9
2014£164,130 £2,125 35
2013£137,958 £1,839 12
2012£140,796 £1,918 15
2011£142,750 £1,825 18
2010£135,673 £1,912 13
2009£138,825 £2,020 12
2008£153,158 £1,952 19
2007£157,128 £2,218 39
2006£141,731 £1,936 53
2005£134,153 £2,008 49
2004£129,853 £2,036 41
2003£112,284 £1,665 65
2002£104,525 £1,527 55
2001£78,744 £1,138 51
2000£68,602 £1,041 42
1999£56,639 £884 48
1998£56,861 £775 43
1997£48,122 £708 46
1996£43,047 £648 40
1995£45,243 £656 33
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£401,0001
2023£317,500 £4,167 2
2022£325,333 £3,525 3
2021£357,182 £3,709 11
2020£334,286 £3,494 7
2019£287,333 £3,387 6
2018£316,550 £3,428 10
2017£315,167 £3,600 6
2016£299,600 £2,807 5
2015£271,357 £2,460 7
2014£241,399 £2,421 5
2013£189,832 £2,336 6
2012£215,071 £1,856 7
2011£193,363 £1,847 11
2010£177,456 £2,109 8
2009£155,667 £2,084 3
2008£191,139 £2,015 5
2007£207,751 £2,085 20
2006£237,056 £2,269 7
2005£192,800 £1,969 5
2004£176,750 £1,851 4
2003£159,492 £1,826 8
2002£146,379 £1,701 17
2001£118,087 £1,350 17
2000£97,000 £885 6
1999£99,769 £1,069 13
1998£83,639 £925 14
1997£84,148 £837 10
1996£65,568 £747 14
1995£65,806 £625 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£120,778 £3,075 9
2022£150,214 £3,443 7
2021£156,182 £3,328 11
2020£102,312 £2,411 4
2019£131,818 £2,499 11
2018£146,505 £2,636 11
2017£125,350 £3,117 10
2016£111,500 £2,810 20
2015£105,178 £2,363 14
2014£96,583 £2,173 6
2013£90,636 £1,984 7
2012£120,160 £1,761 25
2011£93,650 £1,873 6
2010£79,500 £1,270 2
2009£72,625 £1,907 4
2008£95,899 £2,619 5
2007£110,854 £2,173 12
2006£88,299 £2,227 20
2005£87,577 £2,182 13
2004£76,601 £1,871 22
2003£77,333 £1,951 15
2002£57,414 £1,493 24
2001£45,095 £1,138 34
2000£39,979 £1,007 25
1999£31,546 £721 16
1998£27,806 £614 22
1997£29,224 £584 16
1996£20,614 £506 11
1995£24,747 £532 15

House Type in LU5 5GH area

The most common house types in the LU5 5GH postcode area are Flat (91), Terraced (40), and Semi-detached (12).

Total154
Flat91
Terraced40
Semi-detached12
Detached11
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Social rented: Other social rented (72), and Owned: Owns with a mortgage or loan (39).

Social rented: Other social rented72
Owned: Owns with a mortgage or loan39
Shared ownership: Shared ownership21
Private rented: Private landlord or letting agency9
Owned: Owns outright8
Social rented: Rents from council or Local Authority3
Private rented: Other private rented1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the LU5 5GH have 2 people in household (47), and 1 person in household (41).

2 people in household47
1 person in household41
3 people in household32
4 people in household22
5 people in household4
6 people in household3
7 people in household2
8 or more people in household2
0 people in household0