£487,990
This estimated value is based upon the latest sale price for the house of £350,000 on 22 Dec 2015. 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 |
---|---|
£350,000 | 22 Dec 2015 |
£83,000 | 24 May 1995 |
Semi-Detached |
Freehold |
Floor Area: 146 sq meters or 1,571 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 2015 the House Price Index for LUTON was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £350,000 results in an estimated price of approximately £487,990.
22 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £350,000 | £137,990 | £487,990 |
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 | 48.330 % | £169,153 | £519,153 |
3 Month Average | 41.687 % | £145,904 | £495,904 |
6 Month Average | 43.146 % | £151,011 | £501,011 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Jul 2024 | £410,000 | £410,000 | 132 CULVERHOUSE ROAD |
6 Mar 2024 | £397,101 | £391,000 | 3 LUCERNE WAY |
15 Dec 2023 | £361,096 | £350,000 | 103 AUSTIN ROAD |
20 Nov 2023 | £425,809 | £415,000 | 175 AUSTIN ROAD |
3 Nov 2023 | £123,125 | £120,000 | 95 AUSTIN ROAD |
This house has a floor area of 146 sq meters or 1,571 sq feet when measured on 9 Dec 2016. Using an estimated price of £487,990 means this house is valued at £3,342 per sq meter (£310 per sq foot).
The average size of a house on AUSTIN ROAD is 100 sq meters (1,082 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Austin Road |
Jul 2024 | Vehicle crime | Under investigation | On or near Winslow Close |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Winslow Close |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Lucerne Way |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fallowfield |