£432,228
This estimated value is based upon the latest sale price for the house of £81,500 on 28 Feb 1997. 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 |
|---|---|
| £81,500 | 28 Feb 1997 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 February 1997 the House Price Index for LUTON was 28.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 430.342%.Applying this 430.342% change to the original purchase price of £81,500 results in an estimated price of approximately £432,228.
| 28 Feb 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.2 | 149.7 | 430.342 % | £81,500 | £350,728 | £432,228 |
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 | 544.029 % | £443,383 | £524,883 |
| 3 Month Average | 528.582 % | £430,794 | £512,294 |
| 6 Month Average | 540.871 % | £440,809 | £522,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £383,715 | £375,000 | 17 POPLAR AVENUE |
| 31 Mar 2023 | £320,350 | £315,000 | 23 POPLAR AVENUE |
| 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 |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 29 Jan 2018. Using an estimated price of £432,228 means this house is valued at £4,598 per sq meter (£427 per sq foot).
The average size of a house on WYCOMBE WAY is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Poplar Avenue |
| Apr 2024 | Public order | Under investigation | On or near Poplar Avenue |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grasmere Road |
| May 2024 | Anti-social behaviour | On or near Grasmere Road | |
| May 2024 | Anti-social behaviour | On or near Grasmere Road |