£248,500
This estimated value is based upon the latest sale price for the house of £200,000 on 5 Jul 2019. This value is then adjusted by the current Official House Price Index for LUTON 1
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Victory House, Chobham Street, Luton, LU1 3BS
Phone: 01582944003
Price Paid | Date |
---|---|
£200,000 | 5 Jul 2019 |
£125,000 | 26 Nov 2010 |
£125,000 | 3 Jun 2005 |
£53,500 | 7 Apr 2000 |
Terraced |
Freehold |
Floor Area: 65 sq meters or 699 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 July 2019 the House Price Index for LUTON was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £200,000 results in an estimated price of approximately £248,500.
5 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.250 % | £200,000 | £48,500 | £248,500 |
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 | 12.310 % | £24,620 | £224,620 |
3 Month Average | 5.646 % | £11,291 | £211,291 |
6 Month Average | 2.375 % | £4,749 | £204,749 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £287,293 | £280,000 | 1 SEYMOUR AVENUE |
25 Aug 2023 | £330,969 | £325,000 | 122 STRATHMORE AVENUE |
14 Nov 2022 | £209,023 | £210,000 | 154 NEW TOWN STREET |
31 May 2022 | £231,019 | £225,000 | 160 NEW TOWN STREET |
30 Mar 2022 | £224,446 | £215,000 | 93 CAMBRIDGE STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 23 Jan 2019. Using an estimated price of £248,501 means this house is valued at £3,823 per sq meter (£355 per sq foot).
The average size of a house on STRATHMORE AVENUE is 82 sq meters (891 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Seymour Avenue |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Seymour Avenue |
Jun 2024 | Other crime | Unable to prosecute suspect | On or near Strathmore Avenue |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Strathmore Avenue |
Jun 2024 | Anti-social behaviour | On or near Strathmore Avenue |