£74,123
This estimated value is based upon the latest sale price for the house of £60,000 on 18 Mar 2019. 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 |
|---|---|
| £60,000 | 18 Mar 2019 |
| £75,000 | 9 Aug 2004 |
| £76,000 | 9 May 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 26 sq meters or 282 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 March 2019 the House Price Index for LUTON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £60,000 results in an estimated price of approximately £74,123.
| 18 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £60,000 | £14,123 | £74,123 |
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 | -52.874 % | £-31,724 | £28,275 |
| 3 Month Average | -18.200 % | £-10,919 | £49,080 |
| 6 Month Average | -5.140 % | £-3,083 | £56,916 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £158,000 | £158,000 | FLAT 3 4 FARLEY HILL |
| 1 Dec 2023 | £152,671 | £150,000 | 4 HILLBOROUGH ROAD |
| 13 Mar 2023 | £191,807 | £190,000 | FLAT B 16 HILLBOROUGH ROAD |
| 14 Feb 2023 | £301,797 | £302,000 | 6B HILLBOROUGH ROAD |
| 4 Nov 2022 | £301,350 | £305,000 | 28 FARLEY MEADOWS |
This house has a floor area of 26 sq meters or 282 sq feet when measured on 20 Oct 2011. Using an estimated price of £74,123 means this house is valued at £2,825 per sq meter (£262 per sq foot).
The average size of a house on HILLBOROUGH ROAD is 86 sq meters (931 sq feet).
This house is the smallest in the street with a floor area of 26 sq meters (282 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hillborough Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Deanes Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Deanes Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Deanes Close |
| Apr 2024 | Other theft | Under investigation | On or near Russell Rise |