£274,708
This estimated value is based upon the latest sale price for the house of £64,000 on 20 Aug 1999. 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 |
|---|---|
| £64,000 | 20 Aug 1999 |
| Semi-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 August 1999 the House Price Index for LUTON was 34.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 329.231%.Applying this 329.231% change to the original purchase price of £64,000 results in an estimated price of approximately £274,708.
| 20 Aug 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.6 | 148.6 | 329.231 % | £64,000 | £210,708 | £274,708 |
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 | 584.585 % | £374,134 | £438,134 |
| 3 Month Average | 374.035 % | £239,382 | £303,382 |
| 6 Month Average | 430.046 % | £275,229 | £339,229 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Feb 2023 | £299,798 | £300,000 | 17 ICKNIELD WAY |
| 10 Feb 2023 | £334,775 | £335,000 | 7 WYCOMBE WAY |
| 15 Jul 2022 | £200,540 | £200,000 | 5 MARKHAM ROAD |
| 16 May 2022 | £851,036 | £835,000 | 11 MARKHAM ROAD |
| 29 Apr 2022 | £422,218 | £410,000 | 6 CHAPEL CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Markham Road | |
| Feb 2024 | Anti-social behaviour | On or near Markham Road | |
| Feb 2024 | Anti-social behaviour | On or near Markham Road |