£168,259
This estimated value is based upon the latest sale price for the house of £99,250 on 23 Jul 2012. This value is then adjusted by the current Official House Price Index for LUTON 1
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386 Hitchin Road, Luton, LU2 7SR
Phone: 01582936653
| Price Paid | Date |
|---|---|
| £99,250 | 23 Jul 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 July 2012 the House Price Index for LUTON was 87.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 69.531%.Applying this 69.531% change to the original purchase price of £99,250 results in an estimated price of approximately £168,259.
| 23 Jul 2012 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.0 | 69.531 % | £99,250 | £69,009 | £168,259 |
The Postcode Pricing Model uses changes in average sales price within the LU2 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 | 136.075 % | £135,054 | £234,304 |
| 3 Month Average | 80.339 % | £79,736 | £178,986 |
| 6 Month Average | 71.337 % | £70,802 | £170,052 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Nov 2022 | £252,899 | £257,000 | 18 RAMRIDGE ROAD |
| 24 Jun 2022 | £353,584 | £350,000 | 474 HITCHIN ROAD |
| 31 May 2022 | £244,129 | £240,500 | 23 RAMRIDGE ROAD |
| 11 May 2022 | £243,621 | £240,000 | 21 TURNERS ROAD SOUTH |
| 13 Apr 2022 | £258,757 | £252,288 | 5 OAK TREE ROW |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 2 Jun 2012. Using an estimated price of £168,259 means this house is valued at £2,758 per sq meter (£256 per sq foot).
The average size of a house on MORETON ROAD SOUTH is 72 sq meters (782 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Moreton Road South |
| Mar 2024 | Criminal damage and arson | Awaiting court outcome | On or near Magnolia Place |
| Feb 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Magnolia Place |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Magnolia Place |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Magnolia Place |