£291,428
This estimated value is based upon the latest sale price for the house of £236,000 on 21 Sep 2018. 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 |
|---|---|
| £236,000 | 21 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 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 September 2018 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 23.487%.Applying this 23.487% change to the original purchase price of £236,000 results in an estimated price of approximately £291,428.
| 21 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £236,000 | £55,428 | £291,428 |
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 | 47.566 % | £112,255 | £348,255 |
| 3 Month Average | 11.624 % | £27,432 | £263,432 |
| 6 Month Average | 25.630 % | £60,487 | £296,487 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £288,691 | £285,000 | 11 GRASMERE AVENUE |
| 31 Jul 2023 | £299,025 | £295,000 | 77 ICKNIELD WAY |
| 21 Jul 2023 | £283,820 | £280,000 | 44 LABURNUM GROVE |
| 18 Jul 2023 | £370,993 | £366,000 | 59 MARSOM GROVE |
| 11 Jul 2023 | £304,093 | £300,000 | 23 GRASMERE AVENUE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 17 Apr 2018. Using an estimated price of £291,428 means this house is valued at £5,828 per sq meter (£541 per sq foot).
The average size of a house on ICKNIELD WAY is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Grasmere Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Avenue | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Avenue |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Avenue | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Derwent Avenue |