29 Green Dragon Court, Strathmore Avenue, Luton, LU1 3NU

UPRN:10001037195Purpose Built Flat1 bedsBuilt 1996-2002

LeaseholdCouncil Tax: Band AEPC: C (73)

Data freshness:Listing· freshPlanning· 4mo agoEPC· 5mo agoRisk· 2y agoAmenities· 1mo agoArea· Census 2021

Valuation estimateUpdated today

£157,000

Estimated value

Range: £150k - £165k|Last sold: £150k (2025-07-28)

Estimate of £157k for this purpose built flat. 336 sales in LU1 in the last 12 months; median £272k.

Estimate confidence

High confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£157k

£150k - £165k - High confidence

Annualised (CAGR)

-2.39%

Over the full window

Peak estimate

£191k

Apr 2023

From peak

-17.80%

Drawdown from peak

AVM estimate (model)Repeat-sales index - LU1 district (quarterly)index YoY -4.08%

Growth by window

-3.68%

-3.09%

12m

-7.10%

24m

-1.88%

60m

-13.26%

Rental Market

Monthly

Estimated rent (pcm)

£900

/ month

Gross yield

6.75%

Rent ÷ asking price

Net yield

4.67%

Assumes ~31% running costs (not this property's)

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£272k

LU1 sales, last 12 months

12m Price Growth

+8.0%

LU1 median, Land Registry

Days on Market

56d

LU1 average

Sales & Yield

3 metrics

Transactions / 12m

336

LU1 sales

Area Gross Yield

5.38%

LU1 medians

Last Sold

£150k

2025-07-28

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£160,000
SDLT standard£700
SDLT BTL surcharge (5%)£8,000
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£170,800

Funding

Deposit (25%)£40,000
Mortgage (75% LTV)£120,000
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£50,800

Monthly Returns

Monthly Rent (estimate)£900
Mortgage Payment (IO)-£525
Management (10%)-£90
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£185

Capital Returns

5yr Property Value£158,089
5yr Capital Gain (-0.24% pa, historical)-£1,911
5yr Cumulative Rent (net, before lease costs)+£44,576
Less mortgage interest-£31,500
5yr Total Return (before lease costs)+£11,165

Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.

5-Year Projection

BTL · Interest Only

Year	Property Value	Equity	Cashflow (cumulative)	Total Return	ROI
Year 1	£159,616	£39,616	+£2,220	+£1,836	3.6%
Year 2	£159,233	£39,233	+£4,632	+£3,865	7.6%
Year 3	£158,851	£38,851	+£7,240	+£6,091	12.0%
Year 4	£158,470	£38,470	+£10,049	+£8,519	16.8%
Year 5	£158,089	£38,089	+£13,076	+£11,165	22.0%

Modelled on the live asking price. Capital growth -0.24% a year is the LU1 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£50,800).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

2,351

Population

Signal

10.7%

Households Deprived

Upside Opportunities

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