£329,396
This estimated value is based upon the latest sale price for the house of £272,000 on 1 Jun 2020. 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 |
|---|---|
| £272,000 | 1 Jun 2020 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 June 2020 the House Price Index for LUTON was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £272,000 results in an estimated price of approximately £329,396.
| 1 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £272,000 | £57,396 | £329,396 |
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 | 31.345 % | £85,258 | £357,258 |
| 3 Month Average | 7.727 % | £21,018 | £293,018 |
| 6 Month Average | 23.259 % | £63,263 | £335,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £317,996 | £315,000 | 23 POPLAR AVENUE |
| 10 Feb 2023 | £299,798 | £300,000 | 17 ICKNIELD WAY |
| 10 Feb 2023 | £334,775 | £335,000 | 7 WYCOMBE 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 89 sq meters or 957 sq feet when measured on 19 Dec 2019. Using an estimated price of £329,396 means this house is valued at £3,701 per sq meter (£343 per sq foot).
The average size of a house on WYCOMBE WAY is 89 sq meters (962 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 |
| Jan 2024 | Anti-social behaviour | On or near Indigo Gardens |