£295,888
This estimated value is based upon the latest sale price for the house of £88,000 on 20 Jul 2001. 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 |
|---|---|
| £88,000 | 20 Jul 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2001 the House Price Index for LUTON was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £88,000 results in an estimated price of approximately £295,888.
| 20 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 148.6 | 236.237 % | £88,000 | £207,888 | £295,888 |
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 | 360.159 % | £316,940 | £404,940 |
| 3 Month Average | 226.037 % | £198,912 | £286,912 |
| 6 Month Average | 282.963 % | £249,007 | £337,007 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £340,034 | £335,000 | 23 NUNNERY LANE |
| 12 Apr 2023 | £353,810 | £350,000 | 6 NUNNERY LANE |
| 27 Jul 2022 | £325,877 | £325,000 | 12 BRITANNIA AVENUE |
| 31 Mar 2022 | £414,505 | £400,000 | 24 BANCROFT ROAD |
| 2 Dec 2021 | £310,699 | £290,000 | 5 NUNNERY LANE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 14 May 2017. Using an estimated price of £295,889 means this house is valued at £3,251 per sq meter (£302 per sq foot).
The average size of a house on BRITANNIA AVENUE is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Trinity Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Nunnery Lane |
| Feb 2024 | Other crime | Under investigation | On or near Nunnery Lane |
| Dec 2023 | Anti-social behaviour | On or near Nunnery Lane | |
| Dec 2023 | Anti-social behaviour | On or near Nunnery Lane |