£486,158
This estimated value is based upon the latest sale price for the house of £280,000 on 4 Nov 2011. This value is then adjusted by the current Official House Price Index for LUTON 1
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Cromer Way, Luton, LU2 7DB
Phone: 01582955220
Price Paid | Date |
---|---|
£280,000 | 4 Nov 2011 |
£249,500 | 23 Jun 2005 |
£114,995 | 12 Dec 1997 |
Detached |
Freehold |
Floor Area: 102 sq meters or 1,102 sq feet |
This model uses changes in the Official Land Registry House Price Index for LUTON to estimate the market value.
When this house was purchased in November 2011 the House Price Index for LUTON was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.628%.Applying this 73.628% change to the original purchase price of £280,000 results in an estimated price of approximately £486,158.
4 Nov 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.628 % | £280,000 | £206,158 | £486,158 |
The Postcode Pricing Model uses changes in average sales price within the LU3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 86.282 % | £241,589 | £521,589 |
3 Month Average | 81.098 % | £227,073 | £507,073 |
6 Month Average | 79.152 % | £221,626 | £501,626 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 May 2024 | £480,000 | £480,000 | 10 ELVINGTON GARDENS |
5 Jun 2023 | £372,464 | £365,000 | 15 CHARD DRIVE |
24 Mar 2023 | £371,199 | £365,000 | 10 SACOMBE GREEN |
6 Jul 2022 | £707,085 | £700,000 | 1 ELVINGTON GARDENS |
1 Jun 2022 | £390,344 | £382,000 | 22 CRESSWELL GARDENS |
This house has a floor area of 102 sq meters or 1,102 sq feet when measured on 13 Jun 2011. Using an estimated price of £486,159 means this house is valued at £4,744 per sq meter (£440 per sq foot).
The average size of a house on CRESSWELL GARDENS is 70 sq meters (754 sq feet).
This house is the largest in the street with a floor area of 102 sq meters (1,102 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Farrow Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Spurcroft |
May 2024 | Public order | Unable to prosecute suspect | On or near Milburn Close |
May 2024 | Public order | Unable to prosecute suspect | On or near Milburn Close |
Jun 2024 | Anti-social behaviour | On or near Balmore Wood |