£259,275
This estimated value is based upon the latest sale price for the house of £150,000 on 17 Aug 2011. 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 |
|---|---|
| £150,000 | 17 Aug 2011 |
| £151,995 | 30 May 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 809 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 2011 the House Price Index for LUTON was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £150,000 results in an estimated price of approximately £259,275.
| 17 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £150,000 | £109,275 | £259,275 |
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 | 114.651 % | £171,975 | £321,975 |
| 3 Month Average | 67.583 % | £101,374 | £251,374 |
| 6 Month Average | 93.979 % | £140,968 | £290,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £288,691 | £285,000 | 11 GRASMERE AVENUE |
| 11 Jul 2023 | £304,093 | £300,000 | 23 GRASMERE AVENUE |
| 20 Jun 2023 | £237,881 | £235,000 | 34 GRASMERE AVENUE |
| 9 Jan 2023 | £378,218 | £380,000 | 45 DERWENT AVENUE |
| 28 Nov 2022 | £395,213 | £400,000 | 133 GOOSEBERRY HILL |
This house has a floor area of 75 sq meters or 809 sq feet when measured on 24 Dec 2008. Using an estimated price of £259,276 means this house is valued at £3,447 per sq meter (£320 per sq foot).
The average size of a house on DERWENT AVENUE is 65 sq meters (703 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Derwent Avenue |
| Mar 2024 | Vehicle crime | Under investigation | On or near Derwent Avenue |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Derwent Avenue |
| Apr 2024 | Other theft | Under investigation | On or near Grasmere Avenue |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Avenue |