£166,425
This estimated value is based upon the latest sale price for the house of £125,000 on 8 Aug 2016. This value is then adjusted by the current Official House Price Index for LUTON 1
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32 Cromwell Road, Luton, LU3 1DN
Phone: 01582955982
| Price Paid | Date |
|---|---|
| £125,000 | 8 Aug 2016 |
| £112,500 | 14 Sep 2007 |
| £98,000 | 30 Mar 2007 |
| £59,995 | 21 Aug 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 2016 the House Price Index for LUTON was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £125,000 results in an estimated price of approximately £166,425.
| 8 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £125,000 | £41,425 | £166,425 |
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 | 62.295 % | £77,868 | £202,868 |
| 3 Month Average | 25.979 % | £32,473 | £157,473 |
| 6 Month Average | 42.489 % | £53,110 | £178,110 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Nov 2022 | £153,145 | £155,000 | FLAT 8 CARDINAL COURT EARLS MEADE |
| 30 Aug 2022 | £504,642 | £506,000 | 116 NEW BEDFORD ROAD |
| 1 Jul 2022 | £177,478 | £177,000 | FLAT 12 DAUPHIN COURT EARLS MEADE |
| 22 Apr 2022 | £299,672 | £291,000 | 5 GREGORIES CLOSE |
| 12 Apr 2022 | £180,215 | £175,000 | FLAT 17 DAUPHIN COURT EARLS MEADE |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 21 Aug 2014. Using an estimated price of £166,426 means this house is valued at £3,870 per sq meter (£359 per sq foot).
The average size of a house on GREGORIES CLOSE is 61 sq meters (660 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gregories Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Gregories Close |
| Dec 2023 | Anti-social behaviour | On or near Gregories Close | |
| Dec 2023 | Anti-social behaviour | On or near Gregories Close | |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Gregories Close |