£420,462
This estimated value is based upon the latest sale price for the house of £169,995 on 31 Jan 2003. 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 |
|---|---|
| £169,995 | 31 Jan 2003 |
| £56,000 | 5 Oct 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 January 2003 the House Price Index for LUTON was 60.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 147.338%.Applying this 147.338% change to the original purchase price of £169,995 results in an estimated price of approximately £420,462.
| 31 Jan 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 148.6 | 147.338 % | £169,995 | £250,467 | £420,462 |
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 | 224.103 % | £380,963 | £550,958 |
| 3 Month Average | 141.708 % | £240,896 | £410,891 |
| 6 Month Average | 175.866 % | £298,962 | £468,957 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £351,144 | £345,000 | 68 ROSSLYN CRESCENT |
| 8 Mar 2022 | £453,365 | £437,500 | 20 BROUGHTON AVENUE |
| 30 Nov 2021 | £547,246 | £506,000 | 8 RACKHAM DRIVE |
| 19 Nov 2021 | £341,758 | £316,000 | 50 ROSSLYN CRESCENT |
| 8 Nov 2021 | £346,084 | £320,000 | 42 ROSSLYN CRESCENT |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 11 Nov 2021. Using an estimated price of £420,463 means this house is valued at £4,082 per sq meter (£379 per sq foot).
The average size of a house on RIDDY LANE is 108 sq meters (1,171 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rosslyn Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Rosslyn Crescent |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rosslyn Crescent |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rackham Drive |
| Mar 2024 | Other theft | Under investigation | On or near Rackham Drive |