£291,988
This estimated value is based upon the latest sale price for the house of £235,000 on 17 Jul 2019. This value is then adjusted by the current Official House Price Index for LUTON 1
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1A Riddy Lane, Luton, LU3 2AD
Phone: 01582955943
| Price Paid | Date |
|---|---|
| £235,000 | 17 Jul 2019 |
| £163,000 | 30 May 2007 |
| £85,000 | 20 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2019 the House Price Index for LUTON was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £235,000 results in an estimated price of approximately £291,988.
| 17 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £235,000 | £56,988 | £291,988 |
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 | 35.069 % | £82,412 | £317,412 |
| 3 Month Average | 24.380 % | £57,293 | £292,293 |
| 6 Month Average | 21.292 % | £50,036 | £285,036 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £304,000 | £304,000 | 14 SANDALWOOD CLOSE |
| 9 Nov 2023 | £451,460 | £440,000 | 1 CUBBINGTON CLOSE |
| 11 Oct 2023 | £486,039 | £475,000 | 288 ICKNIELD WAY |
| 25 Sep 2023 | £357,889 | £350,000 | 18 GRANSDEN CLOSE |
| 2 Aug 2023 | £381,888 | £375,000 | 1 CROXTON CLOSE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 20 Oct 2017. Using an estimated price of £291,989 means this house is valued at £3,356 per sq meter (£311 per sq foot).
The average size of a house on BRAMINGHAM ROAD is 94 sq meters (1,012 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cubbington Close |
| Jul 2024 | Anti-social behaviour | On or near Cubbington Close | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cubbington Close |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sandalwood Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near St Olam'S Close |