£413,007
This estimated value is based upon the latest sale price for the house of £242,500 on 10 Aug 2012. 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 |
|---|---|
| £242,500 | 10 Aug 2012 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 August 2012 the House Price Index for LUTON was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £242,500 results in an estimated price of approximately £413,007.
| 10 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £242,500 | £170,507 | £413,007 |
The Postcode Pricing Model uses changes in average sales price within the LU2 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 | 68.207 % | £165,401 | £407,901 |
| 3 Month Average | 77.874 % | £188,844 | £431,344 |
| 6 Month Average | 71.820 % | £174,163 | £416,663 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £382,000 | £382,000 | 11 BINHAM CLOSE |
| 2 Nov 2022 | £479,196 | £485,000 | 17 BINHAM CLOSE |
| 12 Aug 2022 | £418,872 | £420,000 | 80 BLAKENEY DRIVE |
| 9 Aug 2022 | £513,617 | £515,000 | 1 LANGHAM CLOSE |
| 30 May 2022 | £693,059 | £680,000 | 28 BLAKENEY DRIVE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 30 Mar 2012. Using an estimated price of £413,008 means this house is valued at £4,086 per sq meter (£379 per sq foot).
The average size of a house on WIVETON CLOSE is 111 sq meters (1,195 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Langham Close |
| Feb 2024 | Anti-social behaviour | On or near Langham Close | |
| Feb 2024 | Anti-social behaviour | On or near Langham Close | |
| Mar 2024 | Anti-social behaviour | On or near Sheringham Close | |
| Mar 2024 | Anti-social behaviour | On or near Kelling Close |