£453,568
This estimated value is based upon the latest sale price for the house of £320,000 on 5 Oct 2015. 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 |
---|---|
£320,000 | 5 Oct 2015 |
£265,000 | 19 Jul 2006 |
£90,000 | 19 Feb 1999 |
Semi-Detached |
Freehold |
Floor Area: 130 sq meters or 1,399 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 October 2015 the House Price Index for LUTON was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £320,000 results in an estimated price of approximately £453,568.
5 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 149.7 | 41.740 % | £320,000 | £133,568 | £453,568 |
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 | 3.861 % | £12,355 | £332,355 |
3 Month Average | 26.530 % | £84,897 | £404,897 |
6 Month Average | 48.932 % | £156,582 | £476,582 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Jul 2024 | £380,500 | £380,500 | 49 ROSSLYN CRESCENT |
1 Mar 2024 | £365,617 | £360,000 | 343 NEW BEDFORD ROAD |
7 Dec 2023 | £355,937 | £345,000 | 68 ROSSLYN CRESCENT |
31 Oct 2023 | £375,529 | £367,000 | 72 ROSSLYN CRESCENT |
27 Oct 2023 | £475,807 | £465,000 | 359 NEW BEDFORD ROAD |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 11 Feb 2015. Using an estimated price of £453,569 means this house is valued at £3,488 per sq meter (£324 per sq foot).
The average size of a house on NEW BEDFORD ROAD is 115 sq meters (1,239 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Further/Higher Educational Building |
Jul 2024 | Anti-social behaviour | On or near Further/Higher Educational Building | |
Jul 2024 | Anti-social behaviour | On or near Further/Higher Educational Building | |
Jul 2024 | Anti-social behaviour | On or near Further/Higher Educational Building | |
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Further/Higher Educational Building |