£112,928
This estimated value is based upon the latest sale price for the house of £38,750 on 24 May 2002. This value is then adjusted by the current Official House Price Index for LUTON 1
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68 Wellington Street, Luton, LU1 5AA
Phone: 01582936897
| Price Paid | Date |
|---|---|
| £38,750 | 24 May 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 32 sq meters or 353 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 May 2002 the House Price Index for LUTON was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £38,750 results in an estimated price of approximately £112,928.
| 24 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 148.6 | 191.428 % | £38,750 | £74,178 | £112,928 |
The Postcode Pricing Model uses changes in average sales price within the LU1 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 | 52.063 % | £20,174 | £58,924 |
| 3 Month Average | 133.680 % | £51,800 | £90,550 |
| 6 Month Average | 140.562 % | £54,467 | £93,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £116,410 | £115,000 | FLAT 4 18 NAPIER ROAD |
| 10 Mar 2023 | £378,567 | £375,000 | 22 NAPIER ROAD |
| 21 Dec 2021 | £126,423 | £118,000 | 47A ROTHESAY ROAD |
| 1 Jun 2020 | £169,542 | £140,000 | FLAT 4 NAPIER HOUSE, 17 - 21 NAPIER ROAD |
| 15 Jan 2020 | £198,813 | £163,000 | 47D ROTHESAY ROAD |
This house has a floor area of 32 sq meters or 353 sq feet when measured on 17 Sep 2009. Using an estimated price of £112,928 means this house is valued at £3,435 per sq meter (£319 per sq foot).
The average size of a house on ROTHESAY ROAD is 46 sq meters (497 sq feet).