£368,146
This estimated value is based upon the latest sale price for the house of £225,000 on 28 Oct 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 |
|---|---|
| £225,000 | 28 Oct 2013 |
| £200,000 | 13 Aug 2004 |
| Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 2013 the House Price Index for LUTON was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £225,000 results in an estimated price of approximately £368,146.
| 28 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £225,000 | £143,146 | £368,146 |
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 | 136.300 % | £306,674 | £531,674 |
| 3 Month Average | 59.292 % | £133,407 | £358,407 |
| 6 Month Average | 83.240 % | £187,289 | £412,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jun 2023 | £369,475 | £365,000 | 15 CHARD DRIVE |
| 24 Mar 2023 | £368,471 | £365,000 | 10 SACOMBE GREEN |
| 6 Jul 2022 | £701,889 | £700,000 | 1 ELVINGTON GARDENS |
| 1 Jun 2022 | £387,476 | £382,000 | 22 CRESSWELL GARDENS |
| 18 Mar 2022 | £279,791 | £270,000 | 16 CRESSWELL GARDENS |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 11 Mar 2013. Using an estimated price of £368,146 means this house is valued at £6,347 per sq meter (£589 per sq foot).
The average size of a house on CHARD DRIVE is 112 sq meters (1,211 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elvington Gardens |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Elvington Gardens |
| Feb 2024 | Anti-social behaviour | On or near Balmore Wood | |
| Feb 2024 | Anti-social behaviour | On or near Balmore Wood | |
| Feb 2024 | Anti-social behaviour | On or near Balmore Wood |