£345,235
This estimated value is based upon the latest sale price for the house of £127,500 on 30 Aug 2002. This value is then adjusted by the current Official House Price Index for LUTON 1
Get our free house price tracker.
68 Wellington Street, Luton, LU1 5AA
Phone: 01582936897
| Price Paid | Date |
|---|---|
| £127,500 | 30 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 August 2002 the House Price Index for LUTON was 54.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 170.773%.Applying this 170.773% change to the original purchase price of £127,500 results in an estimated price of approximately £345,235.
| 30 Aug 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 146.7 | 170.773 % | £127,500 | £217,735 | £345,235 |
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 | 245.009 % | £312,386 | £439,886 |
| 3 Month Average | 115.831 % | £147,684 | £275,184 |
| 6 Month Average | 136.887 % | £174,531 | £302,031 |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 7 Feb 2017.
The average size of a house on RUSSELL STREET is 68 sq meters (734 sq feet).
This house is the largest in the street with a floor area of 122 sq meters (1,313 sq feet).