£326,745
This estimated value is based upon the latest sale price for the house of £227,000 on 17 Jul 2015. This value is then adjusted by the current Official House Price Index for LUTON 1
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Victory House, Chobham Street, Luton, LU1 3BS
Phone: 01582944003
Price Paid | Date |
---|---|
£227,000 | 17 Jul 2015 |
£160,000 | 31 Oct 2013 |
Terraced |
Freehold |
Floor Area: 84 sq meters or 911 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 2015 the House Price Index for LUTON was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £227,000 results in an estimated price of approximately £326,745.
17 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 148.6 | 43.941 % | £227,000 | £99,745 | £326,745 |
The Postcode Pricing Model uses changes in average sales price within the LU1 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 | -44.532 % | £-101,086 | £125,913 |
3 Month Average | 8.039 % | £18,247 | £245,247 |
6 Month Average | 11.507 % | £26,121 | £253,121 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Sep 2023 | £498,372 | £492,000 | 131 CUTENHOE ROAD |
25 Aug 2023 | £327,868 | £325,000 | 122 STRATHMORE AVENUE |
21 Jul 2023 | £334,502 | £330,000 | 109 CUTENHOE ROAD |
2 Jun 2023 | £283,433 | £280,000 | 61 BAKER STREET |
3 Mar 2023 | £372,510 | £369,000 | 101 CUTENHOE ROAD |
This house has a floor area of 84 sq meters or 911 sq feet when measured on 21 Apr 2011. Using an estimated price of £326,745 means this house is valued at £3,857 per sq meter (£358 per sq foot).
The average size of a house on STRATHMORE AVENUE is 82 sq meters (891 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Under investigation | On or near Strathmore Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Strathmore Avenue |
Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Strathmore Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Strathmore Avenue |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Strathmore Avenue |