£399,497
This estimated value is based upon the latest sale price for the house of £320,000 on 24 Jul 2018. 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 |
|---|---|
| £320,000 | 24 Jul 2018 |
| £82,000 | 7 Aug 1995 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,029 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 July 2018 the House Price Index for LUTON was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £320,000 results in an estimated price of approximately £399,497.
| 24 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £320,000 | £79,497 | £399,497 |
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 | 23.679 % | £75,772 | £395,772 |
| 3 Month Average | 9.865 % | £31,568 | £351,568 |
| 6 Month Average | 17.235 % | £55,151 | £375,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £347,664 | £340,000 | 15 CICERO DRIVE |
| 1 Sep 2023 | £485,707 | £475,000 | 6 BARLEYVALE |
| 30 Jun 2023 | £445,937 | £437,000 | 25 FERNHEATH |
| 18 Apr 2023 | £392,338 | £385,000 | 9 BARLEYVALE |
| 17 Mar 2023 | £533,916 | £525,000 | 3 RYEFIELD |
This house has a floor area of 95 sq meters or 1,029 sq feet when measured on 15 Oct 2010. Using an estimated price of £399,497 means this house is valued at £4,178 per sq meter (£388 per sq foot).
The average size of a house on FERNHEATH is 106 sq meters (1,141 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Barleyvale | |
| Jun 2024 | Anti-social behaviour | On or near Barleyvale | |
| Jun 2024 | Anti-social behaviour | On or near Barleyvale | |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ryefield |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |