Housing Market Analysis for FAREHAM WAY, LU5 5RE

Are you looking to understand LU5 5RE 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 5RE area, explore the LU5 5RE Area information page.
For comprehensive crime statistics in the LU5 5RE area, explore the LU5 5RE Crime Rates page.

Overview of Sold House prices

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

Terraced
- The average price is around £106,088 median price is £110,000 Standard Deviation is £60,690 with Total Sold: 124
- The Last 5 Year average price is £223,773 with Total Sold: 11
- The most recent sale happened at this postcode is 40 FAREHAM WAY: £250,000 (Sold on 18 Nov 2022)
- The first recorded sale happened at this postcode is 55 FAREHAM WAY: £28,500 (Sold on 18 Aug 1995)
Semi-Detached
- The average price is around £98,035 median price is £85,750 Standard Deviation is £55,164 with Total Sold: 14
- The Last 5 Year average price is £217,500 with Total Sold: 1
- The most recent sale happened at this postcode is 30 FAREHAM WAY: £217,500 (Sold on 06 May 2020)
- The first recorded sale happened at this postcode is 46 FAREHAM WAY: £42,500 (Sold on 10 Jul 1998)
Flat
- The average price is around £123,000 median price is £123,000 Standard Deviation is £12,000 with Total Sold: 2
- The most recent sale happened at this postcode is 41 FAREHAM WAY: £135,000 (Sold on 01 Feb 2007)
- The first recorded sale happened at this postcode is 41 FAREHAM WAY: £111,000 (Sold on 01 Apr 2005)

Sold Price Trend Over the Years:

Below table and chart gives the average LU5 5RE 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£270,000	£4,226	2
2021	£241,250	£4,071	2
2020	£238,250	£3,536	2
2019	£192,500	£3,649	5
2018	£200,333	£3,461	3
2017	£175,000	£3,500	1
2016	£189,214	£3,116	7
2015	£149,833	£2,432	3
2014	£129,643	£2,301	7
2013	£113,750	£1,812	4
2012	£105,750	£1,718	2
2010	£120,998	£2,173	2
2008	£126,498	£2,515	3
2007	£129,300	£2,359	10
2006	£118,375	£2,231	8
2005	£115,498	£2,334	2
2004	£108,500	£1,822	6
2003	£97,000	£1,788	3
2002	£79,186	£1,564	8
2001	£65,900	£990	5
2000	£54,087	£949	5
1999	£41,214	£748	14
1998	£41,750	£552	5
1997	£38,107	£643	7
1996	£34,100	£642	5
1995	£26,167	£561	3

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£217,500	£3,566	1
2017	£210,000	£3,387	1
2009	£123,000		1
2005	£127,000		1
2004	£110,500	£1,782	1
2003	£101,250	£1,646	2
2002	£74,000	£1,213	1
2001	£56,995	£1,144	1
2000	£61,000	£1,027	2
1998	£43,000	£763	3

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2007	£135,000	£2,177	1
2005	£111,000	£1,790	1

All the Sales in the FAREHAM WAY, LU5 5RE

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

Address	Sold Date	Price	% Change
40 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1967-1975	18 Nov 2022	£250,000	629.93%
	19 Dec 1997	£34,250	First Sale
8 FAREHAM WAYTerraced, FreeholdArea: 84 Sq.mtrAge: 1967-1975	20 May 2022	£290,000	First Sale
14 FAREHAM WAYTerraced, FreeholdArea: 47 Sq.mtrAge: 1967-1975	19 Nov 2021	£240,500	36.65%
	04 Nov 2016	£176,000	First Sale
7 FAREHAM WAYTerraced, FreeholdArea: 80 Sq.mtrAge: 1967-1975	08 Oct 2021	£242,000	First Sale
12 FAREHAM WAYTerraced, FreeholdArea: 61 Sq.mtrAge: 1967-1975	10 Nov 2020	£220,000	4.27%
	04 Jun 2018	£211,000	80.34%
	16 Aug 2006	£117,000	67.14%
	26 Apr 2002	£70,000	62.79%
	14 Aug 1998	£43,000	13.16%
	26 Jun 1997	£38,000	First Sale
2 FAREHAM WAYTerraced, FreeholdArea: 74 Sq.mtrAge: 1967-1975	20 Aug 2020	£256,500	16.33%
	15 Jan 2016	£220,500	451.25%
	23 Sep 1997	£40,000	First Sale
30 FAREHAM WAYSemi-Detached, FreeholdArea: 61 Sq.mtrAge: 1967-1975	06 May 2020	£217,500	123.08%
	30 May 2003	£97,500	31.76%
	19 Jul 2002	£74,000	25.42%
	10 Nov 2000	£59,000	First Sale
48 FAREHAM WAYTerraced, FreeholdArea: 49 Sq.mtrAge: 1967-1975	29 Nov 2019	£175,000	37.25%
	28 Mar 2008	£127,500	9.91%
	04 Feb 2005	£116,000	49.68%
	06 Sep 2002	£77,500	46.24%
	26 May 2000	£52,995	26.18%
	23 Aug 1999	£42,000	First Sale
47 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1950-1966	09 Oct 2019	£200,000	57.48%
	13 Jun 2008	£127,000	First Sale
38 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1976-1982	30 Aug 2019	£175,000	40.56%
	19 Jul 2007	£124,500	55.63%
	04 Sep 2002	£79,995	95.11%
	21 May 1999	£41,000	13.89%
	30 Aug 1996	£36,000	First Sale
19 FAREHAM WAYTerraced, FreeholdArea: 52 Sq.mtrAge: 1976-1982	19 Aug 2019	£202,500	24.23%
	29 Feb 2016	£163,000	41.74%
	07 Jan 2014	£115,000	-5.73%
	03 Sep 2010	£121,995	-2.40%
	31 Aug 2007	£124,995	50.61%
	22 Nov 2002	£82,995	130.54%
	23 Dec 1996	£36,000	First Sale
43 FAREHAM WAYTerraced, FreeholdArea: 64 Sq.mtrAge: 1967-1975	14 Jun 2019	£210,000	43.34%
	13 Aug 2014	£146,500	17.20%
	15 Dec 2006	£125,000	11.61%
	02 Apr 2004	£112,000	183.54%
	12 Jan 1996	£39,500	First Sale
31 FAREHAM WAYTerraced, FreeholdArea: 51 Sq.mtrAge: 1967-1975	19 Oct 2018	£180,000	74.76%
	15 Nov 2004	£103,000	151.22%
	31 Mar 1999	£41,000	28.12%
	10 Jul 1997	£32,000	14.29%
	20 Oct 1995	£28,000	First Sale
26 FAREHAM WAYTerraced, FreeholdArea: 61.87 Sq.mtrAge: 1967-1975	31 Aug 2018	£210,000	106.90%
	05 Apr 2012	£101,500	72.03%
	17 Jan 2001	£59,000	26.88%
	24 Sep 1999	£46,500	First Sale
59 FAREHAM WAYSemi-Detached, FreeholdArea: 62 Sq.mtrAge: 1967-1975	07 Jul 2017	£210,000	90.05%
	08 Sep 2004	£110,500	5.24%
	15 Sep 2003	£105,000	First Sale
37 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1967-1975	29 Mar 2017	£175,000	52.18%
	12 May 2005	£114,995	238.22%
	30 Apr 1999	£34,000	15.25%
	09 Dec 1998	£29,500	First Sale
34 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1967-1975	09 Sep 2016	£170,000	36.00%
	13 Oct 2006	£124,999	First Sale
9 FAREHAM WAYTerraced, FreeholdArea: 76.52 Sq.mtrAge: 1967-1975	03 Jun 2016	£205,000	20.59%
	24 Jul 2015	£170,000	42.86%
	08 Aug 2013	£119,000	87.40%
	12 May 2000	£63,500	64.94%
	17 Dec 1999	£38,500	First Sale
1 FAREHAM WAYTerraced, FreeholdArea: 74 Sq.mtrAge: 1967-1975	19 May 2016	£215,000	First Sale
61 FAREHAM WAYTerraced, FreeholdArea: 59.018 Sq.mtrAge: 1967-1975	26 Feb 2016	£175,000	29.63%
	14 May 2007	£135,000	250.65%
	23 May 1997	£38,500	First Sale
39 FAREHAM WAYTerraced, LeaseholdArea: 49 Sq.mtrAge: 1967-1975	13 Mar 2015	£132,500	15.22%
	10 Mar 2006	£115,000	0.0
	10 Mar 2006	£115,000	First Sale
41 FAREHAM WAYTerraced, LeaseholdArea: 62 Sq.mtrAge: 1967-1975	13 Feb 2015	£147,000	8.89%
	01 Feb 2007	£135,000	21.62%
	01 Apr 2005	£111,000	First Sale
46 FAREHAM WAYTerraced, FreeholdArea: 58 Sq.mtrAge: 1967-1975	24 Oct 2014	£137,500	15.55%
	19 Apr 2013	£119,000	88.89%
	20 Dec 2000	£63,000	48.24%
	10 Jul 1998	£42,500	First Sale
16 FAREHAM WAYTerraced, FreeholdArea: 60.7 Sq.mtrAge: 1976-1982	03 Oct 2014	£135,000	First Sale
45 FAREHAM WAYTerraced, FreeholdArea: 49.6 Sq.mtrAge: 1983-1990	27 Aug 2014	£134,500	29.33%
	03 Mar 2014	£104,000	-16.80%
	13 Aug 2007	£125,000	197.62%
	04 Jun 1999	£42,000	First Sale
20 FAREHAM WAYTerraced, FreeholdArea: 61.25 Sq.mtrAge: 1976-1982	04 Jul 2014	£135,000	22.73%
	20 Aug 2012	£110,000	-16.67%
	26 Jan 2007	£132,000	0.0
	26 Jan 2007	£132,000	15.79%
	13 Sep 2004	£114,000	0.0
	13 Sep 2004	£114,000	First Sale
35 FAREHAM WAYTerraced, FreeholdArea: 60 Sq.mtrAge: 1976-1982	19 Dec 2013	£116,000	-3.33%
	23 Jul 2010	£120,000	11.11%
	12 Nov 2004	£108,000	145.45%
	26 Nov 1999	£44,000	First Sale
51 FAREHAM WAYTerraced, FreeholdArea: 59.2 Sq.mtrAge: 1976-1982	24 May 2013	£101,000	First Sale
22 FAREHAM WAYSemi-Detached, Freehold	14 Aug 2009	£123,000	-3.15%
	27 May 2005	£127,000	170.21%
	31 Jul 1998	£47,000	First Sale
44 FAREHAM WAYTerraced, FreeholdArea: 52 Sq.mtrAge: 1967-1975	15 Feb 2008	£124,995	First Sale
50 FAREHAM WAYTerraced, Leasehold	07 Nov 2007	£120,000	First Sale
6 FAREHAM WAYTerraced, Freehold	23 May 2007	£147,500	251.19%
	28 May 1999	£42,000	-11.58%
	24 Oct 1997	£47,500	First Sale
25 FAREHAM WAYTerraced, FreeholdArea: 49.8 Sq.mtrAge: 1967-1975	18 May 2007	£124,500	118.44%
	23 Feb 2001	£56,995	44.29%
	14 Aug 1998	£39,500	First Sale
17 FAREHAM WAYTerraced, Freehold	28 Feb 2007	£127,500	88.89%
	12 Oct 2001	£67,500	49.17%
	30 Oct 1998	£45,250	First Sale
55 FAREHAM WAYTerraced, FreeholdArea: 49.8 Sq.mtrAge: 1967-1975	18 Sep 2006	£117,000	67.15%
	28 Jun 2002	£69,995	40.00%
	07 Jul 2000	£49,995	31.57%
	21 Jun 1999	£38,000	33.33%
	18 Aug 1995	£28,500	First Sale
32 FAREHAM WAYTerraced, Freehold	31 Jul 2006	£123,000	182.76%
	31 Mar 1999	£43,500	97.73%
	15 Sep 1995	£22,000	First Sale
33 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1967-1975	31 Mar 2006	£110,000	26.44%
	18 Oct 2002	£87,000	141.67%
	28 Jun 1999	£36,000	First Sale
28 FAREHAM WAYTerraced, FreeholdArea: 61 Sq.mtrAge: 1967-1975	05 Nov 2004	£100,000	First Sale
18 FAREHAM WAYTerraced, Freehold	26 Nov 2003	£105,000	105.88%
18 FAREHAM WAYTerraced, Freehold	09 Oct 1998	£51,000	First Sale
49 FAREHAM WAYTerraced, LeaseholdArea: 52 Sq.mtrAge: 1967-1975	03 Oct 2003	£93,000	First Sale
27 FAREHAM WAYTerraced, Freehold	14 Mar 2003	£93,000	First Sale
52 FAREHAM WAYTerraced, FreeholdArea: 50 Sq.mtrAge: 1976-1982	09 Dec 2002	£94,000	38.24%
	20 Dec 2001	£68,000	54.72%
	05 Jun 2000	£43,950	20.41%
	27 Feb 1997	£36,500	35.19%
	08 Mar 1996	£27,000	First Sale
57 FAREHAM WAYTerraced, Freehold	19 Jul 2002	£72,000	First Sale
23 FAREHAM WAYTerraced, Leasehold	14 Dec 2001	£62,000	First Sale
11 FAREHAM WAYTerraced, FreeholdArea: 111 Sq.mtrAge: 1967-1975	23 Feb 2001	£73,000	82.50%
	30 Jun 1998	£40,000	First Sale
24 FAREHAM WAYTerraced, Freehold	08 Sep 2000	£59,995	First Sale
10 FAREHAM WAYTerraced, Freehold	08 Dec 1999	£48,500	First Sale
36 FAREHAM WAYTerraced, Leasehold	07 May 1999	£40,000	25.00%
36 FAREHAM WAYTerraced, Leasehold	30 Apr 1996	£32,000	First Sale

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

FAREHAM WAY, LU5 5RE Near By properties

Interactive Map

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

Terraced
- The average price is around £120,761 median price is £116,000 Standard Deviation is £69,026 with Total Sold: 1,375
- The Last 5 Year average price is £244,163 with Total Sold: 169
- 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 , 52 FENWICK ROAD: £33,000 (Sold on 17 Feb 1995)
Other
- The average price is around £327,582 median price is £240,000 Standard Deviation is £318,341 with Total Sold: 11
- The Last 5 Year average price is £309,822 with Total Sold: 9
- 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 £128,742 median price is £121,000 Standard Deviation is £75,672 with Total Sold: 601
- The Last 5 Year average price is £264,937 with Total Sold: 66
- The most recent sale happened at this postcode is , 166 TRIDENT DRIVE: £292,000 (Sold on 22 Apr 2024)
- The first recorded sale happened at this postcode is , 4 KEATON CLOSE: £50,500 (Sold on 12 Jan 1995)
Flat
- The average price is around £81,336 median price is £78,000 Standard Deviation is £45,112 with Total Sold: 368
- The Last 5 Year average price is £137,329 with Total Sold: 39
- The most recent sale happened at this postcode is , 22 CUMBRIA CLOSE: £65,000 (Sold on 16 Nov 2023)
- The first recorded sale happened at this postcode is , 28 CONWAY CLOSE: £13,000 (Sold on 17 Mar 1995)
Detached
- The average price is around £188,241 median price is £175,500 Standard Deviation is £89,954 with Total Sold: 96
- The Last 5 Year average price is £310,933 with Total Sold: 15
- The most recent sale happened at this postcode is , 20 THRESHER CLOSE: £310,000 (Sold on 01 May 2023)
- The first recorded sale happened at this postcode is , 19 CUMBRIA CLOSE: £39,500 (Sold on 11 Aug 1995)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£246,562	£2,430	8
2023	£268,380	£3,726	25
2022	£272,179	£4,092	42
2021	£237,500	£3,418	37
2020	£212,417	£3,183	18
2019	£218,948	£3,181	39
2018	£218,303	£3,414	38
2017	£208,938	£3,159	32
2016	£184,690	£2,939	51
2015	£162,082	£2,560	42
2014	£142,025	£2,152	49
2013	£125,579	£1,844	38
2012	£129,840	£1,847	25
2011	£126,181	£1,698	23
2010	£129,217	£2,044	23
2009	£126,667	£1,774	15
2008	£136,454	£2,241	22
2007	£134,120	£2,130	69
2006	£124,251	£2,059	66
2005	£122,821	£1,939	55
2004	£116,040	£1,814	59
2003	£106,893	£1,673	73
2002	£83,173	£1,364	73
2001	£67,113	£1,081	93
2000	£60,424	£978	63
1999	£49,109	£779	72
1998	£45,168	£729	65
1997	£41,741	£656	74
1996	£37,585	£631	47
1995	£38,852	£602	39

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£133,000		2
2023	£695,100	£2,900	2
2022	£300,000		1
2021	£208,050	£164	4
2018	£240,000	£2,857	1
2014	£575,000		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£282,150		5
2023	£320,429	£4,107	7
2022	£276,794	£4,060	17
2021	£253,958	£3,402	12
2020	£242,912	£3,280	17
2019	£243,700	£2,794	8
2018	£239,868	£3,521	19
2017	£235,435	£3,031	23
2016	£212,588	£3,026	17
2015	£181,750	£2,190	6
2014	£167,938	£2,012	8
2013	£133,722	£1,703	9
2012	£152,908	£1,875	6
2011	£142,350	£1,736	10
2010	£135,857	£1,687	7
2009	£133,742	£1,888	12
2008	£158,682	£2,018	11
2007	£151,931	£2,192	22
2006	£139,364	£2,004	35
2005	£132,775	£1,895	29
2004	£128,810	£1,807	29
2003	£112,828	£1,606	35
2002	£103,582	£1,417	39
2001	£78,202	£1,095	32
2000	£67,230	£930	34
1999	£55,985	£822	33
1998	£52,087	£731	34
1997	£46,209	£679	42
1996	£41,804	£578	26
1995	£46,622	£663	17

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£120,250	£3,043	8
2022	£161,300	£3,623	5
2021	£158,167	£3,161	12
2020	£102,312	£2,411	4
2019	£128,010	£2,331	10
2018	£144,655	£2,720	10
2017	£122,885	£2,826	13
2016	£108,131	£2,678	19
2015	£104,349	£2,169	14
2014	£91,499	£1,883	9
2013	£87,992	£1,844	6
2012	£120,160	£1,761	25
2011	£94,280	£1,932	5
2010	£89,000		1
2009	£69,950	£1,680	5
2008	£93,375	£1,997	4
2007	£119,932	£2,195	11
2006	£87,786	£2,118	19
2005	£85,300	£1,982	15
2004	£80,102	£2,046	17
2003	£77,982	£1,837	17
2002	£58,369	£1,379	24
2001	£46,411	£1,105	34
2000	£38,161	£924	17
1999	£31,410	£712	14
1998	£30,065	£618	19
1997	£29,462	£580	12
1996	£22,045	£508	11
1995	£23,594	£553	8

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£310,000		1
2021	£320,400	£3,731	5
2020	£322,600	£3,369	5
2019	£284,750	£3,292	4
2018	£301,750	£3,751	4
2017	£350,000	£3,718	2
2016	£280,000	£2,551	2
2015	£263,000	£2,293	4
2014	£200,000	£2,148	2
2013	£137,998	£2,419	2
2012	£229,000	£1,675	2
2011	£178,999	£1,803	8
2010	£182,199	£2,148	5
2009	£139,500	£2,250	1
2008	£157,498	£2,051	2
2007	£200,296	£1,632	7
2006	£228,000	£2,110	2
2005	£174,667	£1,877	3
2004	£120,000		1
2003	£154,982	£1,901	3
2002	£125,574	£1,959	6
2001	£112,856	£1,418	7
1999	£97,500	£964	7
1998	£66,500	£976	2
1997	£83,749	£653	4
1996	£58,067	£833	3
1995	£60,750	£598	2

House Type in LU5 5RE area

The most common house types in the LU5 5RE postcode area are Terraced (94), Semi-detached (10), and Detached (1).

Total	106
Terraced	94
Semi-detached	10
Detached	1
temporary structure	1
Flat	0
Shared house	0
converted building	0
commercial building	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 Owned: Owns outright (27).

Owned: Owns with a mortgage or loan	45
Owned: Owns outright	27
Private rented: Private landlord or letting agency	25
Social rented: Other social rented	4
Private rented: Other private rented	3
Shared ownership: Shared ownership	1
Social rented: Rents from council or Local Authority	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the LU5 5RE have 2 people in household (30), and 1 person in household (26).

2 people in household	30
1 person in household	26
4 people in household	23
3 people in household	21
5 people in household	5
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0