£291,907
This estimated value is based upon the latest sale price for the house of £90,000 on 19 Oct 2001. This value is then adjusted by the current Official House Price Index for LUTON 1
There has been one burglary within the last year on or near Russell Rise
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68 Wellington Street, Luton, LU1 5AA
Phone: 01582936897
| Price Paid | Date |
|---|---|
| £90,000 | 19 Oct 2001 |
| £49,500 | 6 May 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2001 the House Price Index for LUTON was 45.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 224.341%.Applying this 224.341% change to the original purchase price of £90,000 results in an estimated price of approximately £291,907.
| 19 Oct 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 148.6 | 224.341 % | £90,000 | £201,907 | £291,907 |
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 | 53.455 % | £48,109 | £138,109 |
| 3 Month Average | 126.815 % | £114,133 | £204,133 |
| 6 Month Average | 140.122 % | £126,109 | £216,109 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £172,319 | £170,000 | 49B RUSSELL RISE |
| 20 Jun 2022 | £182,580 | £180,000 | 17 ST SAVIOURS CRESCENT |
| 8 Apr 2022 | £221,407 | £215,000 | 9 ST SAVIOURS CRESCENT |
| 31 Mar 2022 | £165,802 | £160,000 | FLAT 8 THE CONIFERS, 100 RUSSELL RISE |
| 31 Mar 2022 | £134,714 | £130,000 | FLAT 2 THE CONIFERS, 100 RUSSELL RISE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 27 Mar 2017. Using an estimated price of £291,907 means this house is valued at £2,728 per sq meter (£253 per sq foot).
The average size of a house on RUSSELL RISE is 86 sq meters (930 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Russell Rise |
| Apr 2024 | Other theft | Under investigation | On or near Russell Rise |
| Mar 2024 | Other crime | Under investigation | On or near Russell Rise |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Russell Rise |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Russell Rise |