£261,302
This estimated value is based upon the latest sale price for the house of £170,000 on 2 Jun 2014. This value is then adjusted by the current Official House Price Index for LUTON 1
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93 - 95 Castle Street, Luton, LU1 3AJ
Phone: 01582742481
| Price Paid | Date |
|---|---|
| £170,000 | 2 Jun 2014 |
| £165,000 | 3 Jul 2008 |
| £45,500 | 29 Mar 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 June 2014 the House Price Index for LUTON was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £170,000 results in an estimated price of approximately £261,302.
| 2 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £170,000 | £91,302 | £261,302 |
The Postcode Pricing Model uses changes in average sales price within the LU1 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 | -19.739 % | £-33,557 | £136,442 |
| 3 Month Average | 22.851 % | £38,846 | £208,846 |
| 6 Month Average | 31.399 % | £53,378 | £223,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £290,075 | £285,000 | 14 ORMSBY CLOSE |
| 21 Sep 2023 | £197,526 | £195,000 | 32 SOMERSBY CLOSE |
| 11 Sep 2023 | £400,116 | £395,000 | 69 LONDON ROAD |
| 11 Apr 2023 | £758,163 | £750,000 | 105 LONDON ROAD |
| 17 Mar 2023 | £393,709 | £390,000 | 75 LONDON ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 14 Apr 2014. Using an estimated price of £261,303 means this house is valued at £3,900 per sq meter (£362 per sq foot).
The average size of a house on ORMSBY CLOSE is 58 sq meters (631 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Local resolution | On or near Ormsby Close |
| Apr 2024 | Drugs | Offender given a caution | On or near Ormsby Close |
| Mar 2024 | Public order | Under investigation | On or near Ormsby Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Ormsby Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ormsby Close |