£271,402
This estimated value is based upon the latest sale price for the house of £147,500 on 16 Jun 2009. 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 |
|---|---|
| £147,500 | 16 Jun 2009 |
| £160,000 | 7 Nov 2008 |
| 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 June 2009 the House Price Index for LUTON was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.002%.Applying this 84.002% change to the original purchase price of £147,500 results in an estimated price of approximately £271,402.
| 16 Jun 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 84.002 % | £147,500 | £123,902 | £271,402 |
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 | 146.472 % | £216,045 | £363,545 |
| 3 Month Average | 87.489 % | £129,046 | £276,546 |
| 6 Month Average | 114.760 % | £169,271 | £316,771 |
| 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 |
| 3 Mar 2022 | £347,148 | £335,000 | 13 WYCOMBE WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Markham Road | |
| Feb 2024 | Anti-social behaviour | On or near Markham Road | |
| Jan 2024 | Anti-social behaviour | On or near Indigo Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Indigo Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Indigo Gardens |