£364,266
This estimated value is based upon the latest sale price for the house of £275,000 on 17 Oct 2016. 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 |
---|---|
£275,000 | 17 Oct 2016 |
Semi-Detached |
Freehold |
Floor Area: 83 sq meters or 893 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 2016 the House Price Index for LUTON was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £275,000 results in an estimated price of approximately £364,266.
17 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 148.6 | 32.461 % | £275,000 | £89,266 | £364,266 |
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 | 58.084 % | £159,730 | £434,730 |
3 Month Average | 24.174 % | £66,479 | £341,479 |
6 Month Average | 42.358 % | £116,484 | £391,484 |
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 83 sq meters or 893 sq feet when measured on 22 Jun 2016. Using an estimated price of £364,267 means this house is valued at £4,388 per sq meter (£407 per sq foot).
The average size of a house on MOAT LANE is 91 sq meters (982 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Other theft | Unable to prosecute suspect | On or near Fallowfield |
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 |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Austin Road |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Austin Road |