£401,397
This estimated value is based upon the latest sale price for the house of £82,000 on 5 Dec 1997. 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 |
---|---|
£82,000 | 5 Dec 1997 |
Semi-Detached |
Freehold |
Floor Area: 119 sq meters or 1,280 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 1997 the House Price Index for LUTON was 30.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 389.509%.Applying this 389.509% change to the original purchase price of £82,000 results in an estimated price of approximately £401,397.
5 Dec 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
30.4 | 148.6 | 389.509 % | £82,000 | £319,397 | £401,397 |
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 | 590.698 % | £484,372 | £566,372 |
3 Month Average | 427.464 % | £350,520 | £432,520 |
6 Month Average | 495.235 % | £406,093 | £488,093 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £314,658 | £310,000 | 3 WATERSLADE GREEN |
22 Jun 2023 | £338,095 | £334,000 | 16 GROSVENOR ROAD |
23 Jan 2023 | £383,195 | £385,000 | 32 PARYS ROAD |
26 Aug 2022 | £299,195 | £300,000 | 15 GROSVENOR ROAD |
5 Aug 2022 | £314,154 | £315,000 | 36 GROSVENOR ROAD |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 16 Jun 2017. Using an estimated price of £401,398 means this house is valued at £3,373 per sq meter (£313 per sq foot).
The average size of a house on GROSVENOR ROAD is 94 sq meters (1,017 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Unable to prosecute suspect | On or near Belvedere Road |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parys Road |
Mar 2024 | Other theft | Unable to prosecute suspect | On or near Fenwick Close |
Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Aldhous Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Cavalier Close |