£385,622
This estimated value is based upon the latest sale price for the house of £310,000 on 8 Jun 2018. 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 |
|---|---|
| £310,000 | 8 Jun 2018 |
| £187,000 | 25 May 2006 |
| £62,000 | 6 Sep 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 June 2018 the House Price Index for LUTON was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £310,000 results in an estimated price of approximately £385,622.
| 8 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £310,000 | £75,622 | £385,622 |
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 | 55.615 % | £172,405 | £482,405 |
| 3 Month Average | 6.144 % | £19,047 | £329,047 |
| 6 Month Average | 27.924 % | £86,565 | £396,565 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £455,828 | £450,000 | 24 TURNPIKE DRIVE |
| 8 Sep 2023 | £628,030 | £620,000 | 234 BARTON ROAD |
| 28 Feb 2023 | £334,775 | £335,000 | 399 TURNPIKE DRIVE |
| 27 Feb 2023 | £439,704 | £440,000 | 303 TURNPIKE DRIVE |
| 15 Feb 2023 | £449,697 | £450,000 | 81 TURNPIKE DRIVE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 14 Dec 2017. Using an estimated price of £385,622 means this house is valued at £4,943 per sq meter (£459 per sq foot).
The average size of a house on TURNPIKE DRIVE is 94 sq meters (1,018 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Barton Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Barton Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Turnpike Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Turnpike Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farrow Close |