£516,329
This estimated value is based upon the latest sale price for the house of £427,000 on 24 Jul 2020. 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 |
|---|---|
| £427,000 | 24 Jul 2020 |
| £289,000 | 8 Nov 2013 |
| £210,000 | 29 Jan 2010 |
| Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,722 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 2020 the House Price Index for LUTON was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £427,000 results in an estimated price of approximately £516,329.
| 24 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £427,000 | £89,329 | £516,329 |
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 | 47.289 % | £201,925 | £628,925 |
| 3 Month Average | 10.630 % | £45,391 | £472,391 |
| 6 Month Average | 22.266 % | £95,077 | £522,077 |
| 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 160 sq meters or 1,722 sq feet when measured on 8 Feb 2020. Using an estimated price of £516,330 means this house is valued at £3,227 per sq meter (£299 per sq foot).
The average size of a house on WOOTTON CLOSE is 105 sq meters (1,136 sq feet).
This house is the largest in the street with a floor area of 160 sq meters (1,722 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wootton Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newbold Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Stoneleigh Close |
| Apr 2024 | Other theft | Under investigation | On or near Stoneleigh Close |
| Mar 2024 | Anti-social behaviour | On or near Morrell Close |