£527,706
This estimated value is based upon the latest sale price for the house of £427,000 on 20 Dec 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 |
|---|---|
| £427,000 | 20 Dec 2019 |
| £420,000 | 4 Aug 2017 |
| £205,000 | 23 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 December 2019 the House Price Index for LUTON was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £427,000 results in an estimated price of approximately £527,706.
| 20 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £427,000 | £100,706 | £527,706 |
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 | 17.891 % | £76,395 | £503,395 |
| 3 Month Average | 15.034 % | £64,197 | £491,197 |
| 6 Month Average | 19.843 % | £84,727 | £511,727 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £412,681 | £400,000 | 1 CHARNDON CLOSE |
| 1 Sep 2023 | £424,355 | £415,000 | 4 DALTON CLOSE |
| 9 Sep 2022 | £581,611 | £582,000 | 8 LAUNTON CLOSE |
| 2 Sep 2022 | £400,732 | £401,000 | 18 CHARNDON CLOSE |
| 20 May 2022 | £429,610 | £418,418 | 9 LAUNTON CLOSE |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 17 Mar 2016. Using an estimated price of £527,706 means this house is valued at £3,967 per sq meter (£368 per sq foot).
The average size of a house on LAUNTON CLOSE is 116 sq meters (1,256 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Dalton Close | |
| Apr 2024 | Anti-social behaviour | On or near Dalton Close | |
| Apr 2024 | Anti-social behaviour | On or near Dalton Close | |
| Apr 2024 | Anti-social behaviour | On or near Dalton Close | |
| Apr 2024 | Anti-social behaviour | On or near Dalton Close |