£851,035
This estimated value is based upon the latest sale price for the house of £835,000 on 16 May 2022. This value is then adjusted by the current Official House Price Index for LUTON 1
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Cromer Way, Luton, LU2 7DB
Phone: 01582955220
Price Paid | Date |
---|---|
£835,000 | 16 May 2022 |
£311,500 | 12 Sep 2019 |
Detached |
Freehold |
Floor Area: 64 sq meters or 688 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 May 2022 the House Price Index for LUTON was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £835,000 results in an estimated price of approximately £851,035.
16 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.8 | 148.6 | 1.920 % | £835,000 | £16,035 | £851,035 |
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 | 14.961 % | £124,924 | £959,924 |
3 Month Average | 10.230 % | £85,421 | £920,421 |
6 Month Average | 15.107 % | £126,144 | £961,144 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Mar 2023 | £317,996 | £315,000 | 23 POPLAR AVENUE |
10 Feb 2023 | £334,775 | £335,000 | 7 WYCOMBE WAY |
10 Feb 2023 | £299,798 | £300,000 | 17 ICKNIELD WAY |
15 Jul 2022 | £200,540 | £200,000 | 5 MARKHAM ROAD |
27 Jun 2022 | £405,734 | £400,000 | 34A POPLAR AVENUE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 24 Feb 2016. Using an estimated price of £851,036 means this house is valued at £13,297 per sq meter (£1,235 per sq foot).
The average size of a house on MARKHAM ROAD is 122 sq meters (1,316 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Markham Road | |
Feb 2024 | Anti-social behaviour | On or near Markham Road | |
Feb 2024 | Anti-social behaviour | On or near Markham Road | |
Apr 2024 | Public order | Under investigation | On or near Poplar Avenue |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |