£399,422
This estimated value is based upon the latest sale price for the house of £300,000 on 18 Aug 2016. 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 |
|---|---|
| £300,000 | 18 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2016 the House Price Index for LUTON was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £300,000 results in an estimated price of approximately £399,422.
| 18 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £300,000 | £99,422 | £399,422 |
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 | 62.295 % | £186,885 | £486,885 |
| 3 Month Average | 25.979 % | £77,936 | £377,936 |
| 6 Month Average | 42.489 % | £127,466 | £427,466 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £344,404 | £340,000 | 15 CICERO DRIVE |
| 14 Jul 2023 | £149,512 | £147,500 | 1 CAMPANIA GROVE |
| 12 Jun 2023 | £187,268 | £185,000 | 38 CAMPANIA GROVE |
| 28 Feb 2023 | £156,894 | £157,000 | 12 CAMPANIA GROVE |
| 28 Jul 2022 | £320,864 | £320,000 | 10 CORINIUM GARDENS |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 5 May 2016. Using an estimated price of £399,422 means this house is valued at £4,487 per sq meter (£416 per sq foot).
The average size of a house on CICERO DRIVE is 77 sq meters (838 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cicero Drive |
| Feb 2024 | Other crime | Under investigation | On or near Campania Grove |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Corinium Gardens |
| Mar 2024 | Anti-social behaviour | On or near Freeman Avenue | |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Freeman Avenue |