£259,380
This estimated value is based upon the latest sale price for the house of £155,000 on 24 May 2013. 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 |
|---|---|
| £155,000 | 24 May 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 May 2013 the House Price Index for LUTON was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £155,000 results in an estimated price of approximately £259,380.
| 24 May 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.342 % | £155,000 | £104,380 | £259,380 |
The Postcode Pricing Model uses changes in average sales price within the LU2 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 | 71.713 % | £111,155 | £266,155 |
| 3 Month Average | 83.047 % | £128,722 | £283,722 |
| 6 Month Average | 71.988 % | £111,581 | £266,581 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £384,922 | £380,000 | 40 WARDEN HILL ROAD |
| 13 Jul 2023 | £364,911 | £360,000 | 17 HILLCREST AVENUE |
| 16 May 2022 | £851,036 | £835,000 | 11 MARKHAM ROAD |
| 29 Apr 2022 | £422,218 | £410,000 | 6 CHAPEL CLOSE |
| 28 Jan 2022 | £499,894 | £475,000 | 1 HILLVIEW CRESCENT |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 15 Feb 2013. Using an estimated price of £259,381 means this house is valued at £2,850 per sq meter (£264 per sq foot).
The average size of a house on LANCASTER AVENUE is 180 sq meters (1,937 sq feet).
This house is the smallest in the street with a floor area of 91 sq meters (979 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Warden Hill Close |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Petrol Station |