£292,207
This estimated value is based upon the latest sale price for the house of £260,000 on 5 Aug 2021. 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 |
|---|---|
| £260,000 | 5 Aug 2021 |
| £140,000 | 3 Mar 2005 |
| Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 August 2021 the House Price Index for LUTON was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £260,000 results in an estimated price of approximately £292,207.
| 5 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £260,000 | £32,207 | £292,207 |
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 | 4.580 % | £11,908 | £271,908 |
| 3 Month Average | 7.364 % | £19,145 | £279,145 |
| 6 Month Average | 15.418 % | £40,085 | £300,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £280,435 | £278,000 | 174 DEVON ROAD |
| 3 Nov 2023 | £292,423 | £285,000 | 51 GAYLAND AVENUE |
| 12 Apr 2023 | £283,299 | £278,000 | 15 BUCHANAN DRIVE |
| 24 Feb 2023 | £324,165 | £322,000 | 49 BUCHANAN DRIVE |
| 21 Feb 2023 | £251,681 | £250,000 | 51 BUCHANAN DRIVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 11 Jun 2021. Using an estimated price of £292,207 means this house is valued at £4,952 per sq meter (£460 per sq foot).
The average size of a house on DEVON ROAD is 79 sq meters (858 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Devon Road |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gayland Avenue |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gayland Avenue |
| May 2024 | Violence and sexual offences | Under investigation | On or near Gayland Avenue |
| Jun 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Beaconsfield |