£116,860
This estimated value is based upon the latest sale price for the house of £34,500 on 18 Jul 2001. 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 |
|---|---|
| £34,500 | 18 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 2001 the House Price Index for LUTON was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £34,500 results in an estimated price of approximately £116,860.
| 18 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £34,500 | £82,360 | £116,860 |
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 | 243.697 % | £84,075 | £118,575 |
| 3 Month Average | 255.832 % | £88,262 | £122,762 |
| 6 Month Average | 256.795 % | £88,594 | £123,094 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £241,714 | £238,000 | 43 TURNERS ROAD SOUTH |
| 25 Oct 2023 | £240,461 | £235,000 | 4 MORETON ROAD SOUTH |
| 14 Jun 2023 | £227,050 | £222,500 | 51 TURNERS ROAD SOUTH |
| 25 Nov 2022 | £255,804 | £257,000 | 18 RAMRIDGE ROAD |
| 24 Jun 2022 | £357,645 | £350,000 | 474 HITCHIN ROAD |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 16 Apr 2018. Using an estimated price of £116,861 means this house is valued at £2,921 per sq meter (£271 per sq foot).
The average size of a house on RAMRIDGE ROAD is 67 sq meters (730 sq feet).
This house is the smallest in the street with a floor area of 40 sq meters (430 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Ramridge Close |
| May 2024 | Anti-social behaviour | On or near Ramridge Road | |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ramridge Road |
| May 2024 | Anti-social behaviour | On or near Ramridge Road | |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ramridge Road |