New figures have revealed the most expensive and cheapest areas of Luton to buy a house in the last year – as well as the up and coming areas that have seen sales boom.
Data from the Office for National Statistics reveals that the highest median house price in 2021, was £367,500, and the lowest was £215,000.
The median – the middle number in a series – is used to ensure the figures are not skewed by extreme highs or lows.
Meanwhile, the number of homes sold in Luton rose from 1,600 in 2020 to 2,154 last year.
The Centre for Economics and Business Research said that following a period of significant growth during the pandemic, it expects house prices to experience downward pressure over the next year, as a result of sharp rises in mortgage rates.
The number of residential property sales in England increased by 21% to 821,407 between the end of 2020 and the end of last year.
Here’s how Luton’s wards stack up.
(images based on OS grid references)
The median – the middle number in a series – is used to ensure the figures are not skewed by extreme highs or lows.
5. Biscot
Biscot was the second cheapest area with a median house price of £220,000. Photo: Google Maps
6. South
The third cheapest area was South, with a median pricetag of £240,000. Photo: Google Maps
7. Wigmore
Of sales last year, 9% (198) were in Wigmore – making it the busiest area for buyers. It was also the 'trendiest' area, seeing the highest growth in sales. Of the three wards with at least 100 properties sold, Wigmore saw 75% more properties sold in 2021 than in 2020 Photo: Google Maps
8. Northwell
At the other end of the scale, Northwell saw just 65 properties sold in 2021, earning it the title of quietest area of Luton's property market. Photo: Google Maps