£245,435
This estimated value is based upon the latest sale price for the house of £220,000 on 20 Aug 2021. This value is then adjusted by the current Official House Price Index for LUTON 1
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1A Riddy Lane, Luton, LU3 2AD
Phone: 01582955943
| Price Paid | Date |
|---|---|
| £220,000 | 20 Aug 2021 |
| £118,500 | 6 Sep 2002 |
| £60,000 | 5 Feb 1999 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £220,000 results in an estimated price of approximately £245,435.
| 20 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £220,000 | £25,435 | £245,435 |
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 | 67.584 % | £148,685 | £368,685 |
| 3 Month Average | 1.122 % | £2,467 | £222,467 |
| 6 Month Average | 18.071 % | £39,755 | £259,755 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £294,358 | £290,000 | 35 CELANDINE DRIVE |
| 14 Jul 2023 | £202,729 | £200,000 | 28 SORREL CLOSE |
| 3 Apr 2023 | £196,112 | £194,000 | 45 CELANDINE DRIVE |
| 10 Mar 2023 | £95,904 | £95,000 | 69 CELANDINE DRIVE |
| 30 Jun 2022 | £304,300 | £300,000 | 33 SPEEDWELL CLOSE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 8 Feb 2013. Using an estimated price of £245,435 means this house is valued at £3,775 per sq meter (£350 per sq foot).
The average size of a house on SPEEDWELL CLOSE is 59 sq meters (640 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Celandine Drive |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Freeman Avenue |
| Mar 2024 | Anti-social behaviour | On or near Freeman Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Freeman Avenue | |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Freeman Avenue |