£283,650
This estimated value is based upon the latest sale price for the house of £225,000 on 24 Nov 2017. 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 |
|---|---|
| £225,000 | 24 Nov 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 November 2017 the House Price Index for LUTON was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £225,000 results in an estimated price of approximately £283,650.
| 24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £225,000 | £58,650 | £283,650 |
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 | 68.696 % | £154,566 | £379,566 |
| 3 Month Average | 12.819 % | £28,842 | £253,842 |
| 6 Month Average | 31.204 % | £70,209 | £295,209 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £350,000 | £350,000 | 49 FALLOWFIELD |
| 4 Dec 2023 | £371,500 | £365,000 | 12 FALLOWFIELD |
| 24 Nov 2023 | £451,687 | £445,000 | 39 FALLOWFIELD |
| 31 Jul 2023 | £364,911 | £360,000 | 7 MOAT LANE |
| 10 Feb 2023 | £449,697 | £450,000 | 21 FALLOWFIELD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 20 May 2017. Using an estimated price of £283,651 means this house is valued at £4,650 per sq meter (£432 per sq foot).
The average size of a house on MOAT LANE is 91 sq meters (982 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Moat Lane |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Moat Lane |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Carol Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Carol Close |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Fallowfield |