£261,281
This estimated value is based upon the latest sale price for the house of £165,000 on 17 Feb 2014. 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 |
|---|---|
| £165,000 | 17 Feb 2014 |
| £148,000 | 20 Jun 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 804 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 February 2014 the House Price Index for LUTON was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £165,000 results in an estimated price of approximately £261,281.
| 17 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £165,000 | £96,281 | £261,281 |
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 | 142.448 % | £235,038 | £400,038 |
| 3 Month Average | 69.606 % | £114,849 | £279,849 |
| 6 Month Average | 92.481 % | £152,593 | £317,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £340,034 | £335,000 | 23 NUNNERY LANE |
| 2 Jun 2023 | £450,456 | £445,000 | 23 REEVES AVENUE |
| 12 Apr 2023 | £353,810 | £350,000 | 6 NUNNERY LANE |
| 17 Feb 2023 | £154,896 | £155,000 | 32 BANCROFT ROAD |
| 27 Jul 2022 | £325,877 | £325,000 | 12 BRITANNIA AVENUE |
This house has a floor area of 74 sq meters or 804 sq feet when measured on 7 Mar 2011. Using an estimated price of £261,282 means this house is valued at £3,496 per sq meter (£324 per sq foot).
The average size of a house on NUNNERY LANE is 102 sq meters (1,100 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Nunnery Lane | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Nunnery Lane |
| Feb 2024 | Other crime | Under investigation | On or near Nunnery Lane |
| Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Trinity Close |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |