£275,426
This estimated value is based upon the latest sale price for the house of £122,995 on 20 Oct 2003. 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 |
|---|---|
| £122,995 | 20 Oct 2003 |
| £52,650 | 14 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 54 sq meters or 581 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 October 2003 the House Price Index for LUTON was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £122,995 results in an estimated price of approximately £275,426.
| 20 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £122,995 | £152,431 | £275,426 |
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 | 206.384 % | £253,841 | £376,836 |
| 3 Month Average | 117.254 % | £144,217 | £267,212 |
| 6 Month Average | 151.107 % | £185,854 | £308,849 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jan 2023 | £268,734 | £270,000 | 50 SPRINGFIELD ROAD |
| 13 Jan 2023 | £293,617 | £295,000 | 11 SPRINGFIELD ROAD |
| 28 Nov 2022 | £167,965 | £170,000 | 13 SPRINGFIELD ROAD |
| 11 Apr 2022 | £298,642 | £290,000 | 14 GLENFIELD ROAD |
| 15 Feb 2022 | £104,869 | £100,000 | 42 GLENFIELD ROAD |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 8 Jun 2011. Using an estimated price of £275,427 means this house is valued at £5,100 per sq meter (£473 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 56 sq meters (606 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Glenfield Road |
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Glenfield Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Markfield Close |