£293,292
This estimated value is based upon the latest sale price for the house of £63,000 on 30 Sep 1998. This value is then adjusted by the current Official House Price Index for LUTON 1
There have been two burglaries within the last year on or near Gransden Close
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1A Riddy Lane, Luton, LU3 2AD
Phone: 01582955943
| Price Paid | Date |
|---|---|
| £63,000 | 30 Sep 1998 |
| £54,000 | 28 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 September 1998 the House Price Index for LUTON was 31.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 365.544%.Applying this 365.544% change to the original purchase price of £63,000 results in an estimated price of approximately £293,292.
| 30 Sep 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.9 | 148.6 | 365.544 % | £63,000 | £230,292 | £293,292 |
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 | 666.474 % | £419,878 | £482,878 |
| 3 Month Average | 417.741 % | £263,177 | £326,177 |
| 6 Month Average | 485.222 % | £305,689 | £368,689 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £446,612 | £440,000 | 1 CUBBINGTON CLOSE |
| 25 Sep 2023 | £354,533 | £350,000 | 18 GRANSDEN CLOSE |
| 2 Aug 2023 | £378,310 | £375,000 | 1 CROXTON CLOSE |
| 16 Jun 2023 | £344,169 | £340,000 | 16 GRANSDEN CLOSE |
| 31 Mar 2023 | £398,757 | £395,000 | 2 CUBBINGTON CLOSE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 27 May 2020. Using an estimated price of £293,293 means this house is valued at £3,410 per sq meter (£316 per sq foot).
The average size of a house on BRAMINGHAM ROAD is 94 sq meters (1,012 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gransden Close |
| Jan 2024 | Burglary | Awaiting court outcome | On or near Gransden Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sandalwood Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near St Olam'S Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Olam'S Close |