£291,495
This estimated value is based upon the latest sale price for the house of £194,000 on 9 Dec 2014. This value is then adjusted by the current Official House Price Index for LUTON 1
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9 Marlborough Road, Luton, LU3 1EF
Phone: 02080222823
| Price Paid | Date |
|---|---|
| £194,000 | 9 Dec 2014 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 December 2014 the House Price Index for LUTON was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £194,000 results in an estimated price of approximately £291,495.
| 9 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £194,000 | £97,495 | £291,495 |
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 | 67.748 % | £131,430 | £325,430 |
| 3 Month Average | 66.315 % | £128,651 | £322,651 |
| 6 Month Average | 64.171 % | £124,492 | £318,492 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £388,566 | £380,000 | 143 ARGYLL AVENUE |
| 26 Aug 2022 | £231,081 | £230,000 | 242 BISCOT ROAD |
| 23 Sep 2021 | £271,392 | £250,000 | 268 BISCOT ROAD |
| 23 Jun 2021 | £367,495 | £340,000 | 128 ARGYLL AVENUE |
| 2 Nov 2020 | £408,777 | £350,000 | 137 ARGYLL AVENUE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 16 Oct 2014. Using an estimated price of £291,495 means this house is valued at £3,470 per sq meter (£322 per sq foot).
The average size of a house on ARGYLL AVENUE is 106 sq meters (1,143 sq feet).