£302,363
This estimated value is based upon the latest sale price for the house of £79,000 on 28 Apr 2000. 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 |
|---|---|
| £79,000 | 28 Apr 2000 |
| £75,000 | 12 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 April 2000 the House Price Index for LUTON was 39.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 282.739%.Applying this 282.739% change to the original purchase price of £79,000 results in an estimated price of approximately £302,363.
| 28 Apr 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.1 | 149.7 | 282.739 % | £79,000 | £223,363 | £302,363 |
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 | 343.313 % | £271,217 | £350,217 |
| 3 Month Average | 315.531 % | £249,269 | £328,269 |
| 6 Month Average | 298.218 % | £235,592 | £314,592 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £160,465 | £158,000 | FLAT 3 4 FARLEY HILL |
| 1 Dec 2023 | £154,755 | £150,000 | 4 HILLBOROUGH ROAD |
| 3 Nov 2023 | £330,900 | £322,500 | 5 HILLBOROUGH ROAD |
| 21 Apr 2023 | £254,256 | £249,500 | 51 RUSSELL STREET |
| 13 Mar 2023 | £193,227 | £190,000 | FLAT B 16 HILLBOROUGH ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 24 Feb 2015. Using an estimated price of £302,364 means this house is valued at £3,216 per sq meter (£298 per sq foot).
The average size of a house on RUSSELL RISE is 86 sq meters (930 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Brecon Close |
| Jun 2024 | Public order | Under investigation | On or near Brecon Close |
| Apr 2024 | Anti-social behaviour | On or near Brecon Close | |
| Apr 2024 | Anti-social behaviour | On or near Brecon Close | |
| Apr 2024 | Anti-social behaviour | On or near Brecon Close |