£223,788
This estimated value is based upon the latest sale price for the house of £170,000 on 16 Jan 2017. This value is then adjusted by the current Official House Price Index for LUTON 1
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Leagrave Train Station, 9 Compton Avenue, Luton, LU4 9AX
Phone: 01582936711
| Price Paid | Date |
|---|---|
| £170,000 | 16 Jan 2017 |
| £140,950 | 20 Sep 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 January 2017 the House Price Index for LUTON was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £170,000 results in an estimated price of approximately £223,788.
| 16 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £170,000 | £53,788 | £223,788 |
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 | 95.281 % | £161,977 | £331,977 |
| 3 Month Average | 20.553 % | £34,940 | £204,940 |
| 6 Month Average | 24.265 % | £41,249 | £211,249 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Oct 2023 | £173,951 | £170,000 | 78 ORCHID CLOSE |
| 4 Sep 2023 | £323,123 | £316,000 | 24 ANDOVER CLOSE |
| 28 Jun 2023 | £377,566 | £370,000 | 46 ANDOVER CLOSE |
| 28 Apr 2023 | £191,074 | £187,500 | 76 ORCHID CLOSE |
| 19 Apr 2023 | £188,526 | £185,000 | 72 ORCHID CLOSE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 28 Oct 2016. Using an estimated price of £223,788 means this house is valued at £3,996 per sq meter (£371 per sq foot).
The average size of a house on ORCHID CLOSE is 54 sq meters (588 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchid Close |
| Aug 2024 | Anti-social behaviour | On or near Orchid Close | |
| Aug 2024 | Anti-social behaviour | On or near Orchid Close | |
| Aug 2024 | Anti-social behaviour | On or near Orchid Close | |
| Oct 2024 | Violence and sexual offences | Awaiting court outcome | On or near Whitefield Avenue |