£358,070
This estimated value is based upon the latest sale price for the house of £259,000 on 5 Jan 2016. 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 |
|---|---|
| £259,000 | 5 Jan 2016 |
| £183,000 | 20 Nov 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2016 the House Price Index for LUTON was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £259,000 results in an estimated price of approximately £358,070.
| 5 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £259,000 | £99,070 | £358,070 |
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 | 12.713 % | £32,927 | £291,927 |
| 3 Month Average | 37.871 % | £98,085 | £357,085 |
| 6 Month Average | 39.456 % | £102,189 | £361,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jun 2024 | £335,000 | £335,000 | 351 TURNPIKE DRIVE |
| 10 May 2024 | £412,000 | £412,000 | 26 TURNPIKE DRIVE |
| 29 Sep 2023 | £460,143 | £450,000 | 24 TURNPIKE DRIVE |
| 28 Feb 2023 | £337,253 | £335,000 | 399 TURNPIKE DRIVE |
| 27 Feb 2023 | £442,959 | £440,000 | 303 TURNPIKE DRIVE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 11 Nov 2015. Using an estimated price of £358,071 means this house is valued at £4,366 per sq meter (£405 per sq foot).
The average size of a house on TURNPIKE DRIVE is 94 sq meters (1,018 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Statham Close |
| Jul 2024 | Anti-social behaviour | On or near Gatehill Gardens | |
| Jul 2024 | Anti-social behaviour | On or near Gatehill Gardens | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gatehill Gardens |
| Jul 2024 | Anti-social behaviour | On or near Gatehill Gardens |