£397,168
This estimated value is based upon the latest sale price for the house of £305,000 on 7 Apr 2017. This value is then adjusted by the current Official House Price Index for LUTON 1
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1A Riddy Lane, Luton, LU3 2AD
Phone: 01582955943
| Price Paid | Date |
|---|---|
| £305,000 | 7 Apr 2017 |
| Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 April 2017 the House Price Index for LUTON was 115.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.219%.Applying this 30.219% change to the original purchase price of £305,000 results in an estimated price of approximately £397,168.
| 7 Apr 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 149.7 | 30.219 % | £305,000 | £92,168 | £397,168 |
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 | 81.460 % | £248,454 | £553,454 |
| 3 Month Average | 23.080 % | £70,394 | £375,394 |
| 6 Month Average | 25.056 % | £76,421 | £381,421 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £507,802 | £500,000 | 14 LIGHTHORNE RISE |
| 25 Sep 2023 | £521,496 | £510,000 | 23 LEAMINGTON ROAD |
| 17 Feb 2022 | £417,301 | £395,000 | 36 HARDWICK GREEN |
| 15 Oct 2021 | £613,068 | £550,000 | 2 LIGHTHORNE RISE |
| 30 Jun 2021 | £416,134 | £385,000 | 39 HARDWICK GREEN |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 29 Sep 2016. Using an estimated price of £397,169 means this house is valued at £4,565 per sq meter (£424 per sq foot).
The average size of a house on MORRELL CLOSE is 95 sq meters (1,028 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Morrell Close |
| Oct 2024 | Anti-social behaviour | On or near Wootton Close | |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Snowford Close |
| Oct 2024 | Shoplifting | Under investigation | On or near Snowford Close |
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Snowford Close |