£452,590
This estimated value is based upon the latest sale price for the house of £325,000 on 25 Nov 2015. 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 |
---|---|
£325,000 | 25 Nov 2015 |
£68,750 | 29 Nov 1996 |
Terraced |
Freehold |
Floor Area: 118 sq meters or 1,270 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 November 2015 the House Price Index for LUTON was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £325,000 results in an estimated price of approximately £452,590.
25 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
106.7 | 148.6 | 39.258 % | £325,000 | £127,590 | £452,590 |
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 | 98.356 % | £319,655 | £644,655 |
3 Month Average | 34.399 % | £111,795 | £436,795 |
6 Month Average | 56.955 % | £185,105 | £510,105 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Jun 2023 | £369,475 | £365,000 | 15 CHARD DRIVE |
24 Mar 2023 | £368,471 | £365,000 | 10 SACOMBE GREEN |
6 Jul 2022 | £701,889 | £700,000 | 1 ELVINGTON GARDENS |
1 Jun 2022 | £387,476 | £382,000 | 22 CRESSWELL GARDENS |
18 Mar 2022 | £279,791 | £270,000 | 16 CRESSWELL GARDENS |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 21 Jul 2015. Using an estimated price of £452,590 means this house is valued at £3,835 per sq meter (£356 per sq foot).
The average size of a house on BALMORE WOOD is 96 sq meters (1,040 sq feet).
This house is the largest in the street with a floor area of 118 sq meters (1,270 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Balmore Wood | |
Feb 2024 | Anti-social behaviour | On or near Balmore Wood | |
Mar 2024 | Vehicle crime | Under investigation | On or near Elvington Gardens |
Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Elvington Gardens |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dexter Close |