£251,779
This estimated value is based upon the latest sale price for the house of £145,000 on 8 Dec 2011. 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 |
---|---|
£145,000 | 8 Dec 2011 |
£152,500 | 2 Jun 2003 |
Semi-Detached |
Freehold |
Floor Area: 51 sq meters or 548 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 December 2011 the House Price Index for LUTON was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £145,000 results in an estimated price of approximately £251,779.
8 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.641 % | £145,000 | £106,779 | £251,779 |
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 | 100.987 % | £146,431 | £291,431 |
3 Month Average | 81.596 % | £118,314 | £263,314 |
6 Month Average | 80.382 % | £116,554 | £261,554 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £325,325 | £322,500 | 14 GRASMERE AVENUE |
26 Mar 2024 | £467,178 | £460,000 | 86 MARSOM GROVE |
28 Sep 2023 | £291,424 | £285,000 | 11 GRASMERE AVENUE |
20 Jun 2023 | £239,806 | £235,000 | 34 GRASMERE AVENUE |
9 Jan 2023 | £381,018 | £380,000 | 45 DERWENT AVENUE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 25 Aug 2011. Using an estimated price of £251,779 means this house is valued at £4,936 per sq meter (£458 per sq foot).
The average size of a house on GRASMERE AVENUE is 59 sq meters (642 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Avenue |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Avenue |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Grasmere Avenue |
Apr 2024 | Other theft | Unable to prosecute suspect | On or near Grasmere Avenue |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Avenue |