£99,481
This estimated value is based upon the latest sale price for the house of £96,000 on 25 Mar 2022. 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 |
|---|---|
| £96,000 | 25 Mar 2022 |
| £92,500 | 1 May 2007 |
| £23,000 | 11 Aug 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 30 sq meters or 322 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 March 2022 the House Price Index for LUTON was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £96,000 results in an estimated price of approximately £99,481.
| 25 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £96,000 | £3,481 | £99,481 |
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 | 38.742 % | £37,191 | £133,191 |
| 3 Month Average | -0.363 % | £-348 | £95,651 |
| 6 Month Average | 7.968 % | £7,648 | £103,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Oct 2022 | £197,870 | £200,000 | 38 SHARPLES GREEN |
| 23 Jun 2022 | £355,017 | £350,000 | 15 SHARPLES GREEN |
| 25 Apr 2022 | £205,960 | £200,000 | 21 HUGHES COURT LUCAS GARDENS |
| 25 Mar 2022 | £99,481 | £96,000 | 25 LUCAS GARDENS |
| 18 Mar 2022 | £259,066 | £250,000 | 66 LUCAS GARDENS |
This house has a floor area of 30 sq meters or 322 sq feet when measured on 9 Jul 2019. Using an estimated price of £99,481 means this house is valued at £3,316 per sq meter (£308 per sq foot).
The average size of a house on LUCAS GARDENS is 55 sq meters (593 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Lucas Gardens |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sharples Green |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sharples Green |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Sharples Green |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newbold Road |