£534,537
This estimated value is based upon the latest sale price for the house of £261,500 on 29 Apr 2004. 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 |
|---|---|
| £261,500 | 29 Apr 2004 |
| £88,000 | 28 Apr 1995 |
| Detached |
| Freehold |
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 April 2004 the House Price Index for LUTON was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £261,500 results in an estimated price of approximately £534,537.
| 29 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £261,500 | £273,037 | £534,537 |
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 | 176.573 % | £461,738 | £723,238 |
| 3 Month Average | 101.688 % | £265,913 | £527,413 |
| 6 Month Average | 137.563 % | £359,728 | £621,228 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £425,000 | £425,000 | 42 RIDDY LANE |
| 24 Jul 2023 | £527,094 | £520,000 | 24 TRURO GARDENS |
| 12 Jan 2023 | £398,120 | £399,995 | 14 HOLMBROOK AVENUE |
| 12 Jan 2023 | £211,006 | £212,000 | 5 HOLMBROOK AVENUE |
| 15 Jul 2022 | £422,136 | £421,000 | 18 HOLMBROOK AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Theft from the person | Unable to prosecute suspect | On or near Riddy Lane |
| Apr 2024 | Anti-social behaviour | On or near Truro Gardens | |
| 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 |
| Mar 2024 | Possession of weapons | Action to be taken by another organisation | On or near Rackham Drive |