£469,404
This estimated value is based upon the latest sale price for the house of £437,500 on 25 Jun 2021. 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 |
|---|---|
| £437,500 | 25 Jun 2021 |
| £177,500 | 26 Jul 2002 |
| £114,995 | 24 Sep 1999 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 2021 the House Price Index for LUTON was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £437,500 results in an estimated price of approximately £469,404.
| 25 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £437,500 | £31,904 | £469,404 |
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 | 27.294 % | £119,409 | £556,909 |
| 3 Month Average | -6.178 % | £-27,028 | £410,471 |
| 6 Month Average | 10.920 % | £47,776 | £485,276 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jun 2022 | £674,532 | £665,000 | 15 MILBURN CLOSE |
| 1 Jun 2022 | £583,242 | £575,000 | 32 GATEHILL GARDENS |
| 25 Jun 2021 | £469,404 | £437,500 | 47 GATEHILL GARDENS |
| 24 Jun 2021 | £423,805 | £395,000 | 8 GATEHILL GARDENS |
| 24 Jun 2021 | £708,130 | £660,000 | 26 GATEHILL GARDENS |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 24 Aug 2020. Using an estimated price of £469,404 means this house is valued at £4,191 per sq meter (£389 per sq foot).
The average size of a house on GATEHILL GARDENS is 127 sq meters (1,374 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gatehill Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gatehill Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hayton Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hayton Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hayton Close |