£487,875
This estimated value is based upon the latest sale price for the house of £400,000 on 17 Jun 2019. 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 |
|---|---|
| £400,000 | 17 Jun 2019 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,376 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 June 2019 the House Price Index for LUTON was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.969%.Applying this 21.969% change to the original purchase price of £400,000 results in an estimated price of approximately £487,875.
| 17 Jun 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.969 % | £400,000 | £87,875 | £487,875 |
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 | 29.257 % | £117,028 | £517,028 |
| 3 Month Average | 18.848 % | £75,390 | £475,390 |
| 6 Month Average | 25.544 % | £102,176 | £502,176 |
This house has a floor area of 127 sq meters or 1,376 sq feet when measured on 27 Sep 2011.
There is one other house on the street which we know the size of, this is 8 HILL CLOSE it is 163.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hill Close |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Hill Close |
| Mar 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Vehicle crime | Under investigation | On or near Petrol Station |