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House Prices in LU3

The average house price in LU3 (Luton) is £338,708 using HM Land Registry data.

The average property price increased by £57,057 (16.34%) over the last 5 years and increased by £11,432 (2.64%) over the last 12 months.

Over the last year, there were 464 residential property sales – a decrease of 35 transactions (-7.54%) relative to the previous year. The majority of house sales (117) were in the £282,000 - £338,000 range. Then came properties in the £226,000 - £282,000 range, where 87 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 195 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,605 (-3%).

In March 2025, there were 82 new estate agency instructions, 60 agreed home sales and 60 property price reductions.

5-Year Average Property Prices in LU3 (Luton)

16.34%

Property prices in LU3 (Luton) increased by 16.34% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LU3 (Luton) Over the Last Year

2.64%

Property prices in LU3 (Luton) increased by 2.64% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for LU3 (Luton) - March 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LU3 (Luton)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LU3 (Luton)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LU3 (Luton)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LU3 (Luton) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LU3 postcode area since 1995.

Recent Sales in LU3 (Luton)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
29 Farrow Close, Luton, LU3 4EE	£280,000	£275,000	-£5,000	21 Oct 2024	21 Feb 2025	123 Days
36 Hayton Close, Luton, LU3 4HD	£300,000	£296,000	-£4,000	18 Sep 2024	21 Feb 2025	156 Days
58 Penda Close, Luton, LU3 3UU	£220,000	£122,859	-£97,141	26 Dec 2020	14 Feb 2025	1511 Days
16 Ranock Close, Luton, LU3 3JY	£200,000	£195,000	-£5,000	21 Nov 2024	13 Feb 2025	84 Days
27 Leathwaite Close, Luton, LU3 2TG	£300,000	£290,000	-£10,000	22 Oct 2024	07 Feb 2025	108 Days
19 Fallowfield, Luton, LU3 1UL	£400,000	£395,000	-£5,000	19 Jun 2024	28 Jan 2025	223 Days
22 Parys Road, Luton, LU3 2EN	£350,000	£345,000	-£5,000	02 Jul 2024	24 Jan 2025	206 Days
15 Holford Way, Luton, LU3 4EA	£500,000	£495,000	-£5,000	20 Sep 2024	24 Jan 2025	126 Days
10 Croxton Close, Luton, LU3 2UQ	£500,000	£475,000	-£25,000	10 Sep 2024	24 Jan 2025	136 Days
56 Luxembourg Close, Luton, LU3 3TD	£160,000	£160,000	£0	30 Jul 2024	20 Jan 2025	174 Days
28 Mostyn Road, Luton, LU3 2RF	£360,000	£340,000	-£20,000	19 Aug 2024	17 Jan 2025	151 Days
38 Dexter Close, Luton, LU3 4DX	£360,000	£350,000	-£10,000	06 Jun 2024	08 Jan 2025	216 Days
29 Edgcott Close, Luton, LU3 4DT	£215,000	£210,000	-£5,000	21 May 2024	20 Dec 2024	213 Days
8 Sworder Close, Luton, LU3 4BJ	£450,000	£450,000	£0	02 Sep 2024	19 Dec 2024	108 Days
37 Edgcott Close, Luton, LU3 4DT	£230,000	£230,000	£0	06 Nov 2024	19 Dec 2024	43 Days
66 Sylam Close, Luton, LU3 3RX	£270,000	£250,000	-£20,000	05 Mar 2024	19 Dec 2024	289 Days
25 Sacombe Green, Luton, LU3 4EW	£300,000	£290,000	-£10,000	06 Aug 2024	18 Dec 2024	134 Days
11 Welbury Avenue, Luton, LU3 2DZ	£575,000	£565,000	-£10,000	20 Aug 2024	06 Dec 2024	108 Days
71 Kinross Crescent, Luton, LU3 3JU	£400,000	£375,000	-£25,000	18 Jun 2024	27 Nov 2024	162 Days
15 Stanley Road, Streatley, Luton, Central Bedfordshire, LU3 3PW	£397,500	£385,000	-£12,500	14 May 2024	26 Nov 2024	196 Days

Most Expensive Streets in LU3 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU3 2BB	Barton Road	Luton	£825,000	3
LU3 3PJ	Churchill Close, Streatley	Luton	£783,200	5
LU3 3PP	Sharpenhoe Road, Streatley	Luton	£682,416	6
LU3 3PL	Sundon Road, Streatley	Luton	£666,666	3
LU3 3PS	Sharpenhoe Road, Streatley	Luton	£590,800	5
LU3 3NH	Barton Road	Luton	£586,000	5
LU3 4EH	Milburn Close	Luton	£582,500	4
LU3 4HD	Hayton Close	Luton	£537,642	7
LU3 1HR	Montrose Avenue	Luton	£523,833	6
LU3 2BX	Icknield Way	Luton	£521,250	4

Least Expensive Streets in LU3 (Luton)

Postcode	Street	Area	Average	No. of Sales
LU3 1DU	Downton Court, Brook Street, Luton	Luton	£126,000	3
LU3 1BY	The Ridings	Luton	£128,100	5
LU3 3TE	Copenhagen Close	Luton	£133,250	4
LU3 2XS	Cavalier Close	Luton	£133,666	3
LU3 3TG	Copenhagen Close	Luton	£135,642	7
LU3 3QY	Spear Close	Luton	£136,250	4
LU3 1BE	Braithwaite Court, Malzeard Road	Luton	£142,000	3
LU3 2QF	Marsh Road	Luton	£144,500	4
LU3 2BG	William Court, Sarum Road	Luton	£145,000	4
LU3 1XT	Petunia Court	Luton	£147,571	7