£2,889,423
This estimated value is based upon the latest sale price for the house of £475,000 on 11 Oct 2023. 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 |
|---|---|
| £475,000 | 11 Oct 2023 |
| £415,000 | 21 Sep 2018 |
| £415,000 | 25 Oct 2016 |
| Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,382 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 2023 the House Price Index for LUTON was 24.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 508.300%.Applying this 508.300% change to the original purchase price of £475,000 results in an estimated price of approximately £2,889,423.
| 11 Oct 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 148.6 | 508.300 % | £475,000 | £2,414,423 | £2,889,423 |
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 | 15.080 % | £71,629 | £546,629 |
| 3 Month Average | -0.304 % | £-1,444 | £473,555 |
| 6 Month Average | 10.348 % | £49,150 | £524,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £446,612 | £440,000 | 1 CUBBINGTON CLOSE |
| 25 Sep 2023 | £354,533 | £350,000 | 18 GRANSDEN CLOSE |
| 20 Jun 2023 | £280,903 | £277,500 | 34 ST OLAMS CLOSE |
| 16 Jun 2023 | £344,169 | £340,000 | 16 GRANSDEN CLOSE |
| 31 Mar 2023 | £272,568 | £270,000 | 36 ST OLAMS CLOSE |
This house has a floor area of 128 sq meters or 1,382 sq feet when measured on 21 Nov 2011.
The average size of a house on ICKNIELD WAY is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sandalwood Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gransden Close |
| Jan 2024 | Burglary | Awaiting court outcome | On or near Gransden Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near St Olam'S Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Olam'S Close |