House prices in LU5 4 (Dunstable)

This article reveals price per square metre data and various charts to help you understand current housing market in 'LU5 4' (Dunstable, Houghton Regis) - statistics were last calculated on 30 August 2024.

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Defining 'LU5 4'

This analysis is limited to properties whose postcode starts with "LU5 4", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Dunstable.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Dunstable is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. 48, Bagshawe Way, Dunstable, Houghton Regis, sold for £225,000 on Jun-2024. Given the internal area of 58 square metres, the price per sqm is £3,879.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,250-£3,500, £3,500-£3,750, £3,750-£4,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 274 sales in Dunstable (LU5 4) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Dunstable (LU5 4). Of the 274 transactions, half were sold for between £3,220 and £4,380 per square metre. The median, or 'middle', price per square metre in 'LU5 4' is £3,760. Notably, only 25% of properties that sold recently were valued at more than £4,380 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Dunstable, Houghton Regis

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Houghton Regis. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Dunstable, Houghton Regis

Comparison with neighbouring postcode sectors

The table below shows how 'LU5 4' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
LU5 5 Houghton Regis	£3,350 sqm	£3,840 sqm	£4,410 sqm
LU5 6 Toddington	£3,740 sqm	£4,310 sqm	£4,900 sqm
LU5 4 Dunstable	£3,220 sqm	£3,760 sqm	£4,380 sqm

Will Houghton Regis house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for LU5 4 (Dunstable) compared with both the wider area LU5 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Houghton Regis to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Houghton Regis and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Ridgeway Avenue, Dunstable, LU5 4Q	84 sqm	£4,278	25
The Parklands, Dunstable, LU5 4G	60 sqm	£2,582	24
Jeans Way, Dunstable, LU5 4P	92 sqm	£3,728	23
Luton Road, Dunstable, LU5 4L	88 sqm	£3,490	23
Sundown Avenue, Dunstable, LU5 4A	89 sqm	£4,246	21
Luton Road, Dunstable, LU5 4G	61 sqm	£3,216	21
Southwood Road, Dunstable, LU5 4E	83 sqm	£3,251	21
Great Northern Road, Dunstable, LU5 4B	93 sqm	£3,271	20

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Tilling Green, Dunstable, LU5 4F	70 sqm	£3,698	23
Dukeminster Road, Dunstable, LU5 4F	70 sqm	£4,149	12
Fauna Field, Dunstable, LU5 4F	75 sqm	£3,919	12

Tilling Green, Dunstable, LU5 4F has seen 23 new build sales in the last 4 years (average price £205,156). These new build homes typically have an internal area of 70 sqm, with an average price of £3,698 sqm. This £sqm average is £-62 below the average for LU5 4. New builds typically command a £ per sqm premium. In the case of Tilling Green the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Dunstable is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	sqm	£/sqm
48, Bagshawe Way, Dunstable, Houghton Regis	£225,000 Jun-2024	58	3,879
13, Liscombe Rd, Dunstable, Houghton Regis	£396,000 Jun-2024	87	4,551
36, Borough Rd, Dunstable, Houghton Regis	£327,500 Jun-2024	119	2,752

See the entire list of all sales in Dunstable (LU5 4) here.