£365,870
This estimated value is based upon the latest sale price for the house of £79,000 on 30 Oct 1998. This value is then adjusted by the current Official House Price Index for LUTON 1
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1A Riddy Lane, Luton, LU3 2AD
Phone: 01582955943
| Price Paid | Date |
|---|---|
| £79,000 | 30 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 October 1998 the House Price Index for LUTON was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.127%.Applying this 363.127% change to the original purchase price of £79,000 results in an estimated price of approximately £365,870.
| 30 Oct 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.127 % | £79,000 | £286,870 | £365,870 |
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 | 589.653 % | £465,826 | £544,826 |
| 3 Month Average | 412.072 % | £325,537 | £404,537 |
| 6 Month Average | 483.033 % | £381,595 | £460,595 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £558,265 | £550,000 | 14 STONELEIGH CLOSE |
| 12 Jun 2023 | £334,046 | £330,000 | 5 WOOTTON CLOSE |
| 19 Aug 2022 | £339,087 | £340,000 | 17 WOOTTON CLOSE |
| 8 Mar 2022 | £549,219 | £530,000 | 3 STONELEIGH CLOSE |
| 17 Feb 2022 | £414,234 | £395,000 | 36 HARDWICK GREEN |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 31 Jan 2015. Using an estimated price of £365,870 means this house is valued at £3,451 per sq meter (£320 per sq foot).
The average size of a house on WOOTTON CLOSE is 105 sq meters (1,136 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newbold Road |
| Mar 2024 | Anti-social behaviour | On or near Morrell Close | |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sharples Green |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sharples Green |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Sharples Green |