£457,221
This estimated value is based upon the latest sale price for the house of £266,000 on 31 Jan 2012. This value is then adjusted by the current Official House Price Index for LUTON 1
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138 Marsh Road, Luton, LU3 2NL
Phone: 01582936598
| Price Paid | Date |
|---|---|
| £266,000 | 31 Jan 2012 |
| £99,950 | 3 Apr 1998 |
| £46,000 | 28 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,604 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 January 2012 the House Price Index for LUTON was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.888%.Applying this 71.888% change to the original purchase price of £266,000 results in an estimated price of approximately £457,221.
| 31 Jan 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.888 % | £266,000 | £191,221 | £457,221 |
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 | 165.485 % | £440,191 | £706,191 |
| 3 Month Average | 76.691 % | £203,998 | £469,998 |
| 6 Month Average | 96.657 % | £257,107 | £523,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Nov 2022 | £153,145 | £155,000 | 24A LETCHWORTH ROAD |
| 17 Dec 2021 | £158,028 | £147,500 | FLAT 4 121 GARDENIA AVENUE |
| 15 Oct 2021 | £276,620 | £250,000 | 99 GARDENIA AVENUE |
| 6 Aug 2021 | £163,996 | £147,000 | FLAT 6 123 GARDENIA AVENUE |
| 30 Jun 2021 | £332,607 | £310,000 | 11 LETCHWORTH ROAD |
This house has a floor area of 149 sq meters or 1,604 sq feet when measured on 7 Nov 2011. Using an estimated price of £457,222 means this house is valued at £3,067 per sq meter (£285 per sq foot).
The average size of a house on LETCHWORTH ROAD is 80 sq meters (870 sq feet).
This house is the largest in the street with a floor area of 149 sq meters (1,604 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Letchworth Road | |
| Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Letchworth Road |
| Mar 2024 | Anti-social behaviour | On or near Letchworth Road | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Letchworth Road |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Howard Close |