£313,032
This estimated value is based upon the latest sale price for the house of £255,000 on 22 Apr 2020. 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 |
---|---|
£255,000 | 22 Apr 2020 |
Semi-Detached |
Freehold |
Floor Area: 67 sq meters or 721 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 2020 the House Price Index for LUTON was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £255,000 results in an estimated price of approximately £313,032.
22 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.758 % | £255,000 | £58,032 | £313,032 |
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 | 45.346 % | £115,631 | £370,631 |
3 Month Average | 4.499 % | £11,472 | £266,472 |
6 Month Average | 25.020 % | £63,801 | £318,801 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Mar 2023 | £317,996 | £315,000 | 23 POPLAR AVENUE |
10 Feb 2023 | £334,775 | £335,000 | 7 WYCOMBE WAY |
15 Jul 2022 | £376,012 | £375,000 | 7 WELBURY AVENUE |
27 Jun 2022 | £405,734 | £400,000 | 34A POPLAR AVENUE |
24 Jun 2022 | £431,092 | £425,000 | 10 WELBURY AVENUE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 5 Nov 2019. Using an estimated price of £313,033 means this house is valued at £4,672 per sq meter (£434 per sq foot).
The average size of a house on GRASMERE ROAD is 100 sq meters (1,079 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
Jan 2024 | Anti-social behaviour | On or near Grasmere Road |