£531,795
This estimated value is based upon the latest sale price for the house of £450,000 on 30 Oct 2020. 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 |
|---|---|
| £450,000 | 30 Oct 2020 |
| £375,000 | 9 May 2007 |
| Detached |
| Freehold |
| Floor Area: 159 sq meters or 1,711 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 2020 the House Price Index for LUTON was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £450,000 results in an estimated price of approximately £531,795.
| 30 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £450,000 | £81,795 | £531,795 |
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 | 14.120 % | £63,540 | £513,540 |
| 3 Month Average | 5.643 % | £25,394 | £475,394 |
| 6 Month Average | 11.049 % | £49,719 | £499,719 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Oct 2023 | £281,391 | £275,000 | 151 BARTON ROAD |
| 10 Feb 2023 | £302,017 | £300,000 | 17 ICKNIELD WAY |
| 10 Feb 2023 | £337,253 | £335,000 | 7 WYCOMBE WAY |
| 15 Jul 2022 | £202,024 | £200,000 | 5 MARKHAM ROAD |
| 16 May 2022 | £857,335 | £835,000 | 11 MARKHAM ROAD |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 13 Jul 2020. Using an estimated price of £531,795 means this house is valued at £3,344 per sq meter (£310 per sq foot).
The average size of a house on BARTON ROAD is 149 sq meters (1,604 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Chapel Close |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chapel Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Chapel Close |