£340,825
This estimated value is based upon the latest sale price for the house of £325,000 on 18 Feb 2022. 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 |
|---|---|
| £325,000 | 18 Feb 2022 |
| £165,000 | 1 Dec 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 February 2022 the House Price Index for LUTON was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £325,000 results in an estimated price of approximately £340,825.
| 18 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £325,000 | £15,825 | £340,825 |
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 | 18.071 % | £58,730 | £383,730 |
| 3 Month Average | 4.890 % | £15,891 | £340,891 |
| 6 Month Average | 2.388 % | £7,761 | £332,761 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £384,922 | £380,000 | 127 STANFORD ROAD |
| 23 Jun 2023 | £349,230 | £345,000 | 55 SOMERSET AVENUE |
| 28 Nov 2022 | £380,392 | £385,000 | 121 SOMERSET AVENUE |
| 24 Oct 2022 | £242,390 | £245,000 | 119 SOMERSET AVENUE |
| 12 Sep 2022 | £346,700 | £349,500 | 53 SOMERSET AVENUE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 18 Oct 2017. Using an estimated price of £340,826 means this house is valued at £4,484 per sq meter (£416 per sq foot).
The average size of a house on SOMERSET AVENUE is 87 sq meters (946 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Avenue |
| Mar 2024 | Anti-social behaviour | On or near Saywell Road | |
| Mar 2024 | Anti-social behaviour | On or near Saywell Road | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Saywell Road |
| Apr 2024 | Robbery | Under investigation | On or near Exton Avenue |