£314,684
This estimated value is based upon the latest sale price for the house of £280,000 on 13 Aug 2021. 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 |
---|---|
£280,000 | 13 Aug 2021 |
£87,000 | 21 Oct 1999 |
£50,000 | 21 Nov 1996 |
Semi-Detached |
Freehold |
Floor Area: 25 sq meters or 269 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 August 2021 the House Price Index for LUTON was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £280,000 results in an estimated price of approximately £314,684.
13 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
133.2 | 149.7 | 12.387 % | £280,000 | £34,684 | £314,684 |
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 | 33.737 % | £94,464 | £374,464 |
3 Month Average | 4.915 % | £13,762 | £293,762 |
6 Month Average | 8.486 % | £23,761 | £303,761 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £325,325 | £322,500 | 14 GRASMERE AVENUE |
28 Sep 2023 | £291,424 | £285,000 | 11 GRASMERE AVENUE |
20 Jun 2023 | £239,806 | £235,000 | 34 GRASMERE AVENUE |
7 Mar 2023 | £371,199 | £365,000 | 107 GOOSEBERRY HILL |
9 Jan 2023 | £381,018 | £380,000 | 45 DERWENT AVENUE |
This house has a floor area of 25 sq meters or 269 sq feet when measured on 4 Jul 2013. Using an estimated price of £314,685 means this house is valued at £12,587 per sq meter (£1,169 per sq foot).
The average size of a house on DERWENT AVENUE is 65 sq meters (703 sq feet).
This house is the smallest in the street with a floor area of 25 sq meters (269 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Avenue |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Avenue |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Derwent Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Avenue |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Avenue |