£245,257
This estimated value is based upon the latest sale price for the house of £96,000 on 17 Dec 2002. This value is then adjusted by the current Official House Price Index for LUTON 1
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93 - 95 Castle Street, Luton, LU1 3AJ
Phone: 01582742481
Price Paid | Date |
---|---|
£96,000 | 17 Dec 2002 |
£69,000 | 4 Dec 2000 |
Terraced |
Freehold |
Floor Area: 42 sq meters or 452 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 2002 the House Price Index for LUTON was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £96,000 results in an estimated price of approximately £245,257.
17 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
58.6 | 149.7 | 155.477 % | £96,000 | £149,257 | £245,257 |
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 | 169.960 % | £163,161 | £259,161 |
3 Month Average | 145.926 % | £140,089 | £236,089 |
6 Month Average | 145.645 % | £139,818 | £235,818 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £294,035 | £285,000 | 14 ORMSBY CLOSE |
21 Sep 2023 | £199,396 | £195,000 | 32 SOMERSBY CLOSE |
20 May 2022 | £190,975 | £186,000 | 31 SOMERSBY CLOSE |
5 May 2022 | £179,681 | £175,000 | 35 SOMERSBY CLOSE |
20 Dec 2021 | £124,120 | £115,000 | 12 SOMERSBY CLOSE |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 6 Jul 2020. Using an estimated price of £245,258 means this house is valued at £5,839 per sq meter (£542 per sq foot).
The average size of a house on SOMERSBY CLOSE is 44 sq meters (479 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ormsby Close |
Jun 2024 | Anti-social behaviour | On or near Ormsby Close | |
Jun 2024 | Anti-social behaviour | On or near Ormsby Close | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ormsby Close |
Apr 2024 | Drugs | Offender given a caution | On or near Ormsby Close |