£389,247
This estimated value is based upon the latest sale price for the house of £260,000 on 31 Oct 2014. 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 |
|---|---|
| £260,000 | 31 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 October 2014 the House Price Index for LUTON was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £260,000 results in an estimated price of approximately £389,247.
| 31 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £260,000 | £129,247 | £389,247 |
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 | 120.100 % | £312,259 | £572,259 |
| 3 Month Average | 57.456 % | £149,386 | £409,386 |
| 6 Month Average | 83.577 % | £217,301 | £477,301 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £407,123 | £400,000 | 1 CHARNDON CLOSE |
| 25 Jul 2023 | £233,138 | £230,000 | 40 EDGCOTT CLOSE |
| 30 Jun 2023 | £222,698 | £220,000 | 39 EDGCOTT CLOSE |
| 9 Sep 2022 | £577,338 | £582,000 | 8 LAUNTON CLOSE |
| 2 Sep 2022 | £397,788 | £401,000 | 18 CHARNDON CLOSE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 23 Jul 2014. Using an estimated price of £389,248 means this house is valued at £3,742 per sq meter (£347 per sq foot).
The average size of a house on CHARNDON CLOSE is 112 sq meters (1,213 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Charndon Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Charndon Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Charndon Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Charndon Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Edgcott Close |