-1%
Property valuation
£318,000
Valuation range: £301k - £335k
Last sold: December 2022 @ £322,500
Investment rating
Investment return p.a: 10.2%
Price change: +£190,000
Update property condition
Last updated: 31/01/2024
Property summary
56 Roman Road, Luton is a 2 bedroom freehold semi-detached house spread over 635 square feet, making it one of the smaller properties here - it is ranked as the 17th most expensive property* in LU4 9DN, with a valuation of £318,000.
Since it last sold in December 2022 for £322,500, its value has decreased by £4,500.
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-1.4%
This property has fallen in price by -1.4% since it last sold 14 months ago
6%
This property is 6% more expensive than average in Roman Road, LU4 9DN
Essential buying details
- We expect the property to sell for between £301k and £335k if no refurbishment work has been carried out.
- Built between 1930 and 1949, the property has sold twice over the last 25 years, with the longest owner staying for 9 years**.
- The property turned out to be a amazing investment for the previous owner - returning on average 10.2% per annum.
Sale history
The most paid for a property in Roman Road, LU4 9DN was £360,000 in 2022.
| Date | Price | Change |
|---|---|---|
| Today's value* | £318,000 | 1.4% |
| 20 Dec 2022 | £322,500 | 143.4% |
| 01 Nov 2013 | £132,500 | - |
What condition is the property in?
- At a sale price of £318k, we expect this property to be in better condition than the neighbouring properties.
- At this valuation it has a cost per square foot of £500, which is substantially more than the average here.
- The average cost per square foot for property here is £370.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £235k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
- Note: Properties that are in a better condition will sell for more money per square foot.
What does it cost to live here?
Prices start at:
£123k
Average house price:
£301k
Most expensive:
£401k
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SOLD PROPERTY PRICES - LU4 9DN
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56 Roman Road is moderately smaller than the average property in this postcode.
Valuation details
The most likely sale price is £318,000 but at the lower end we think it should fetch a minimum of £301,000.
On a cost per square foot basis, this property is valued at 35% more than the other houses in this postcode.
A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (find out more here).
If the property was previously purchased in a bad state of repair, making home improvements throughout could increase its sale price to £366,000.
This property has decreased in price by £4,500 since it last sold in 2022 - this equates to a 1.2% fall each year.
If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.
56 Roman Road, Luton is a 2 bedroom semi-detached house with 635 square feet of internal space built between 1930 and 1949.
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- Property details
- Local market
- Regional prices
Property details
- Most likely sale price: £318,000
- Offers likely to be accepted between £301,000 and £335,000.
- Cost per squre foot: £500 (at a valuation of £318,000).
- 2 bedroom freehold semi-detached house
- 635 square feet
- Property energy rating: 57
- Which is similar to the average for this postcode.
- A score of 100 is the best energy rating a property can be given.
- Compare this to other properties in LU4 9DN
The local market - LU4 9DN
- The average property price for this postcode is £301,000
- Prices here range from £123,000 to £401,000.
- Expect to pay £314 to £425 per square foot for property in LU4 9DN.
- 8 properties have sold in LU4 9DN over the last 5 years.
- The latest sale in LU4 9DN went for £125k on 06 Jan 2023.
- Roman Road has 5 postcodes associated with it.
- The average price of property in Roman Road is £282,181
- Property in Roman Road typically sells for between £327 and £443 per square foot.
- Properties in Roman Road are currently valued at an average cost per square foot of £385.
The property market across LU4 9
- The average price paid for a semi-detached house in the area LU4 9 over the past year is £309k.
- Semi-detached houses have been selling for £350 per square foot across LU4 9.
- 44 semi-detached houses have sold in LU4 9 over the last 12 months.
What does it cost to live in this area?
Sales in the surrounding roads
Searching for recent sales near here
What are some of the other properties worth?
The cheapest property here in LU4 9DN is valued at £123k.
At the top end, the most expensive property is worth £401k - this postcode has an average valuation of £301k.
| Property | Valuation | ||
|---|---|---|---|
| Flat 4, 14 Roman Road 388 sq.ft. | £123,000 -1% (2023 - now) | ||
| Flat 2, 14 Roman Road 226 sq.ft. | £141,000+53% (2020 - now) | ||
| Flat 1, 14 Roman Road 301 sq.ft. | £174,000+45% (2022 - now) | ||
 | 20 Roman Road, Luton 2 bed | 646 sq. ft. | £247,000+18% (2018 - now) | |
| 54 Roman Road, Luton 657 sq.ft. | £278,000+1% (2022 - now) | ||
 | 12 Roman Road, Luton 2 bed | 743 sq. ft. | £283,000+12% (2021 - now) | |
 | 56 Roman Road, Luton 2 bed | 635 sq. ft. | £318,000 -1% (2022 - now) | |
| 76 Roman Road, Luton 861 sq.ft. | £355,000 -1% (2022 - now) |
Valuation accuracy
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