£265,381
This estimated value is based upon the latest sale price for the house of £164,000 on 30 Apr 2007. This value is then adjusted by the current Official House Price Index for LUTON 1
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68 Wellington Street, Luton, LU1 5AA
Phone: 01582936897
| Price Paid | Date |
|---|---|
| £164,000 | 30 Apr 2007 |
| £87,000 | 10 Aug 2001 |
| £49,000 | 2 Aug 1996 |
| Terraced |
| Freehold |
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 April 2007 the House Price Index for LUTON was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £164,000 results in an estimated price of approximately £265,381.
| 30 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 149.7 | 61.818 % | £164,000 | £101,381 | £265,381 |
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 | 141.810 % | £232,567 | £396,567 |
| 3 Month Average | 87.986 % | £144,297 | £308,297 |
| 6 Month Average | 86.067 % | £141,150 | £305,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Mar 2023 | £176,447 | £173,500 | 18A RUSSELL STREET |
| 25 Aug 2022 | £311,456 | £310,000 | 18 RUSSELL RISE |
| 29 Jul 2022 | £151,518 | £150,000 | 16 BRECON CLOSE |
| 24 Jun 2022 | £265,679 | £260,000 | 13 BLYTH PLACE |
| 17 Jun 2022 | £122,621 | £120,000 | FLAT 3 16 RUSSELL STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Russell Street |