£400,991
This estimated value is based upon the latest sale price for the house of £285,000 on 27 Oct 2015. This value is then adjusted by the current Official House Price Index for LUTON 1
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386 Hitchin Road, Luton, LU2 7SR
Phone: 01582936653
Price Paid | Date |
---|---|
£285,000 | 27 Oct 2015 |
£160,000 | 10 Apr 2003 |
£100,000 | 29 Aug 2001 |
Semi-Detached |
Freehold |
Floor Area: 135 sq meters or 1,453 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 2015 the House Price Index for LUTON was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £285,000 results in an estimated price of approximately £400,991.
27 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 148.6 | 40.699 % | £285,000 | £115,991 | £400,991 |
The Postcode Pricing Model uses changes in average sales price within the LU2 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 | 31.309 % | £89,229 | £374,229 |
3 Month Average | 33.658 % | £95,926 | £380,926 |
6 Month Average | 34.539 % | £98,436 | £383,436 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Jun 2023 | £349,230 | £345,000 | 55 SOMERSET AVENUE |
20 Jul 2022 | £325,877 | £325,000 | 27 BLOOMFIELD AVENUE |
18 Feb 2022 | £340,826 | £325,000 | 47 SOMERSET AVENUE |
11 Feb 2022 | £393,260 | £375,000 | 2 AUDLEY PLACE |
30 Nov 2021 | £342,840 | £317,000 | 66 WALCOT AVENUE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 16 Sep 2015. Using an estimated price of £400,991 means this house is valued at £2,970 per sq meter (£275 per sq foot).
The average size of a house on BLOOMFIELD AVENUE is 101 sq meters (1,092 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Avenue |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stanford Road |
Mar 2024 | Anti-social behaviour | On or near Saywell Road | |
Mar 2024 | Anti-social behaviour | On or near Saywell Road | |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Saywell Road |