£384,454
This estimated value is based upon the latest sale price for the house of £241,000 on 6 Feb 2014. 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 |
---|---|
£241,000 | 6 Feb 2014 |
£223,500 | 30 Oct 2006 |
£209,000 | 27 May 2005 |
Detached |
Freehold |
Floor Area: 91 sq meters or 979 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 February 2014 the House Price Index for LUTON was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £241,000 results in an estimated price of approximately £384,454.
6 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.8 | 149.7 | 59.525 % | £241,000 | £143,454 | £384,454 |
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 | 93.481 % | £225,288 | £466,288 |
3 Month Average | 75.968 % | £183,082 | £424,082 |
6 Month Average | 76.856 % | £185,224 | £426,224 |
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 |
24 Mar 2023 | £371,199 | £365,000 | 10 SACOMBE GREEN |
6 Jul 2022 | £707,085 | £700,000 | 1 ELVINGTON GARDENS |
1 Jun 2022 | £390,344 | £382,000 | 22 CRESSWELL GARDENS |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 26 Nov 2013. Using an estimated price of £384,455 means this house is valued at £4,224 per sq meter (£392 per sq foot).
The average size of a house on CRESSWELL GARDENS is 70 sq meters (754 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Farrow Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Spurcroft |
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 |
Jun 2024 | Anti-social behaviour | On or near Balmore Wood |