£380,015
This estimated value is based upon the latest sale price for the house of £125,000 on 22 Feb 2002. 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 |
|---|---|
| £125,000 | 22 Feb 2002 |
| Detached |
| 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 February 2002 the House Price Index for LUTON was 48.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 204.012%.Applying this 204.012% change to the original purchase price of £125,000 results in an estimated price of approximately £380,015.
| 22 Feb 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 146.7 | 204.012 % | £125,000 | £255,015 | £380,015 |
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 | 254.738 % | £318,422 | £443,422 |
| 3 Month Average | 227.424 % | £284,279 | £409,279 |
| 6 Month Average | 247.108 % | £308,884 | £433,884 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spayne Close |
| Dec 2023 | Criminal damage and arson | Awaiting court outcome | On or near Spayne Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marsom Grove |
| Feb 2024 | Anti-social behaviour | On or near Marsom Grove | |
| Feb 2024 | Anti-social behaviour | On or near Marsom Grove |