£655,006
This estimated value is based upon the latest sale price for the house of £510,000 on 24 Jul 2017. 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 |
|---|---|
| £510,000 | 24 Jul 2017 |
| £275,000 | 6 Nov 2009 |
| £195,000 | 9 Aug 2001 |
| Detached |
| Freehold |
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 2017 the House Price Index for LUTON was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £510,000 results in an estimated price of approximately £655,006.
| 24 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £510,000 | £145,006 | £655,006 |
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 | 29.525 % | £150,577 | £660,577 |
| 3 Month Average | 20.571 % | £104,912 | £614,912 |
| 6 Month Average | 24.411 % | £124,494 | £634,494 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £480,000 | £480,000 | 10 ELVINGTON GARDENS |
| 5 Jun 2023 | £372,464 | £365,000 | 15 CHARD DRIVE |
| 6 Jul 2022 | £707,085 | £700,000 | 1 ELVINGTON GARDENS |
| 17 Jun 2022 | £679,526 | £665,000 | 15 MILBURN CLOSE |
| 1 Jun 2022 | £390,344 | £382,000 | 22 CRESSWELL GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Public order | Unable to prosecute suspect | On or near Milburn Close |
| May 2024 | Public order | Unable to prosecute suspect | On or near Milburn Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Charndon Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Dexter Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dexter Close |