Housing Market Analysis for GIG LANE, LU7 0BQ

Are you looking to understand LU7 0BQ 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 LU7 0BQ area, explore the LU7 0BQ Area information page.
For comprehensive crime statistics in the LU7 0BQ area, explore the LU7 0BQ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LU7 0BQ postcode area, The average prices are as follows,

  • Other
    • The average price is around £1,350,000 median price is £1,350,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £1,350,000 with Total Sold: 1
    • The most recent sale happened at this postcode is SANDFIELD HOUSE GIG LANE: £1,350,000 (Sold on 01 Dec 2022)
    • The first recorded sale happened at this postcode is SANDFIELD HOUSE GIG LANE: £1,350,000 (Sold on 01 Dec 2022)
  • Detached
    • The average price is around £387,400 median price is £346,250 Standard Deviation is £121,760 with Total Sold: 10
    • The Last 5 Year average price is £612,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 8 GIG LANE: £620,000 (Sold on 28 Apr 2021)
    • The first recorded sale happened at this postcode is 6 GIG LANE: £605,000 (Sold on 03 Jun 2024)
  • Semi-Detached
    • The average price is around £357,500 median price is £357,500 Standard Deviation is £77,500 with Total Sold: 2
    • The Last 5 Year average price is £435,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 10 GIG LANE: £435,000 (Sold on 05 Mar 2021)
    • The first recorded sale happened at this postcode is 10 GIG LANE: £280,000 (Sold on 27 Sep 2013)

Sold Price Trend Over the Years:

Below table and chart gives the average LU7 0BQ 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£1,350,000 £3,562 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£620,000 £3,924 1
2015£415,0001
2013£359,000 £2,583 1
2008£307,5001
2007£337,500 £2,290 2
2006£335,000 £2,410 1
2005£337,5001
2002£220,0001
2024£605,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£435,000 £4,350 1
2013£280,000 £2,800 1

All the Sales in the GIG LANE, LU7 0BQ

See the table below for more details on the sold house prices in the LU7 0BQ, Central Bedfordshire postcode.

AddressSold DatePrice% Change
SANDFIELD HOUSE GIG LANEOther, FreeholdArea: 379 Sq.mtrAge: 1983-199001 Dec 2022£1,350,000First Sale
8 GIG LANEDetached, FreeholdArea: 158 Sq.mtrAge: 1967-197528 Apr 2021£620,00093.75%
31 Aug 2007£320,000First Sale
10 GIG LANESemi-Detached, FreeholdArea: 100 Sq.mtrAge: 1967-197505 Mar 2021£435,00055.36%
27 Sep 2013£280,000First Sale
9 GIG LANEDetached, Freehold17 Dec 2015£415,00022.96%
15 Mar 2005£337,500First Sale
6 GIG LANEDetached, FreeholdArea: 139 Sq.mtrAge: 1976-198225 Jan 2013£359,0001.13%
04 Jul 2007£355,0005.97%
12 May 2006£335,000-44.63%
03 Jun 2024£605,000First Sale
5 GIG LANEDetached, Freehold18 Nov 2008£307,50039.77%
22 Feb 2002£220,000First Sale

Check out the sold house prices near the LU7 0BQ postcode. Properties currently for saleProperties currently for rent

GIG LANE, LU7 0BQ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LU7 0BQ 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 LU7 0BQ postcode.

  • Semi-Detached
    • The average price is around £204,493 median price is £190,000 Standard Deviation is £108,515 with Total Sold: 238
    • The Last 5 Year average price is £380,807 with Total Sold: 27
    • The most recent sale happened at this postcode is , 2 BANWELL PLACE: £575,000 (Sold on 16 Aug 2024)
    • The first recorded sale happened at this postcode is , 4 ABBEY WALK: £79,500 (Sold on 08 Feb 1995)
  • Terraced
    • The average price is around £172,567 median price is £146,500 Standard Deviation is £109,188 with Total Sold: 120
    • The Last 5 Year average price is £318,196 with Total Sold: 23
    • The most recent sale happened at this postcode is , 32 WOBURN ROAD: £350,000 (Sold on 05 Jul 2024)
    • The first recorded sale happened at this postcode is , 22 WOBURN ROAD: £47,500 (Sold on 24 Feb 1995)
  • Detached
    • The average price is around £314,429 median price is £275,000 Standard Deviation is £176,026 with Total Sold: 323
    • The Last 5 Year average price is £514,521 with Total Sold: 50
    • The most recent sale happened at this postcode is , 6 GIG LANE: £605,000 (Sold on 03 Jun 2024)
    • The first recorded sale happened at this postcode is , 6 GRANGE GARDENS: £107,500 (Sold on 24 Feb 1995)
  • Other
    • The average price is around £1,193,628 median price is £734,000 Standard Deviation is £953,208 with Total Sold: 10
    • The Last 5 Year average price is £1,169,000 with Total Sold: 5
    • The most recent sale happened at this postcode is , THE COCK WOBURN ROAD: £700,000 (Sold on 25 Sep 2023)
    • The first recorded sale happened at this postcode is , 5 BANWELL PLACE: £1,210,000 (Sold on 24 Sep 2013)
  • Flat
    • The average price is around £142,714 median price is £150,000 Standard Deviation is £44,733 with Total Sold: 83
    • The Last 5 Year average price is £185,333 with Total Sold: 6
    • The most recent sale happened at this postcode is FLAT 4, 78 WOBURN ROAD: £140,000 (Sold on 20 Sep 2023)
    • The first recorded sale happened at this postcode is FLAT 3, WELLINGTON HOUSE LEIGHTON ROAD: £64,000 (Sold on 09 Jun 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£405,833 £5,000 6
2023£470,000 £6,826 3
2022£438,500 £4,219 4
2021£313,475 £4,991 8
2020£340,000 £4,286 2
2019£373,750 £3,437 4
2018£359,643 £3,658 7
2017£290,000 £4,850 5
2016£307,562 £4,025 8
2015£275,656 £3,390 16
2014£257,888 £2,699 9
2013£233,250 £3,085 4
2012£187,299 £2,404 5
2011£197,250 £2,494 6
2010£199,249 £2,504 8
2009£237,375 £2,258 4
2008£202,458 £2,482 6
2007£216,318 £3,264 14
2006£191,869 £2,943 8
2005£183,829 £2,519 12
2004£177,969 £2,526 16
2003£169,286 £2,122 7
2002£153,423 £2,041 13
2001£126,806 £1,376 8
2000£112,143 £1,436 7
1999£97,062 £1,124 8
1998£76,906 £981 9
1997£70,538 £1,166 13
1996£81,625 £868 8
1995£78,230 £782 10
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£327,000 £4,338 5
2023£370,000 £4,405 1
2022£305,800 £4,906 5
2021£346,200 £5,034 5
2020£324,333 £3,351 3
2019£270,125 £3,768 4
2018£231,000 £3,439 2
2017£273,334 £4,205 6
2015£258,700 £2,978 5
2014£227,998 £2,860 2
2013£131,333 £2,401 3
2012£207,500 £2,591 4
2011£173,500 £2,166 2
2010£465,000 £1,755 1
2008£182,750 £2,532 2
2007£152,857 £2,914 7
2006£151,000 £2,789 1
2005£161,900 £2,418 5
2004£140,188 £2,006 8
2003£165,983 £2,340 3
2002£120,981 £1,914 8
2001£97,800 £1,978 5
2000£102,300 £1,395 5
1999£73,1673
1998£51,500 £1,015 7
1997£59,458 £867 6
1996£46,167 £732 6
1995£50,750 £773 6
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£675,667 £3,790 3
2023£474,262 £5,164 4
2022£592,917 £4,724 12
2021£514,773 £4,380 11
2020£451,115 £4,208 13
2019£451,429 £3,900 7
2018£510,000 £4,283 5
2017£544,400 £3,630 5
2016£445,958 £4,336 12
2015£450,429 £3,365 14
2014£366,964 £2,877 14
2013£341,933 £2,820 15
2012£311,750 £3,614 8
2011£345,667 £2,788 6
2010£328,900 £2,916 10
2009£248,332 £2,824 6
2008£348,667 £2,713 6
2007£370,143 £2,354 7
2006£349,495 £2,245 11
2005£352,750 £2,753 10
2004£313,777 £2,339 22
2003£214,992 £2,117 13
2002£221,935 £1,762 24
2001£184,419 £1,595 13
2000£151,499 £1,361 8
1999£144,582 £1,193 11
1998£151,603 £1,021 16
1997£152,327 £957 13
1996£119,333 £612 12
1995£97,875 £881 12
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£1,825,000 £3,624 2
2022£1,350,000 £3,562 1
2021£450,000 £4,639 1
2020£395,000 £3,692 1
2018£768,000 £2,965 1
2017£1,860,000 £4,414 2
2015£393,2761
2013£1,210,000 £4,060 1
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£140,000 £4,667 1
2022£163,500 £3,988 1
2021£245,000 £3,500 1
2020£162,250 £3,863 2
2019£239,000 £3,983 1
2018£127,000 £4,233 2
2017£182,250 £3,425 4
2016£166,990 £2,821 5
2015£166,649 £2,858 8
2014£172,000 £2,688 1
2012£150,000 £2,113 1
2011£156,000 £2,305 4
2009£160,167 £2,341 3
2008£139,000 £3,666 5
2007£141,665 £3,649 3
2006£143,000 £2,562 4
2005£144,500 £2,324 2
2004£141,770 £2,314 14
2003£159,233 £2,191 6
2002£78,488 £1,755 4
2001£83,583 £1,312 3
2000£134,000 £3,230 3
1997£50,3752
1996£51,500 £894 2
1995£64,0001

House Type in LU7 0BQ area

The most common house types in the LU7 0BQ postcode area are Detached (102), Semi-detached (27), and Terraced (8).

Total138
Detached102
Semi-detached27
Terraced8
temporary structure1
Flat0
Shared house0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (72), and Owned: Owns with a mortgage or loan (48).

Owned: Owns outright72
Owned: Owns with a mortgage or loan48
Social rented: Rents from council or Local Authority10
Private rented: Private landlord or letting agency6
Private rented: Other private rented2
Does not apply0
Shared ownership: Shared ownership0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the LU7 0BQ have 2 people in household (66), and 1 person in household (29).

2 people in household66
1 person in household29
3 people in household22
4 people in household15
5 people in household6
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0