£487,776
This estimated value is based upon the latest sale price for the house of £408,000 on 3 Jun 2020. This value is then adjusted by the current Official House Price Index for LUTON 1
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Cromer Way, Luton, LU2 7DB
Phone: 01582955220
| Price Paid | Date |
|---|---|
| £408,000 | 3 Jun 2020 |
| £200,000 | 4 Aug 2006 |
| £122,000 | 9 Jun 2000 |
| £89,000 | 12 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 June 2020 the House Price Index for LUTON was 122.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.553%.Applying this 19.553% change to the original purchase price of £408,000 results in an estimated price of approximately £487,776.
| 3 Jun 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 146.7 | 19.553 % | £408,000 | £79,776 | £487,776 |
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 | -1.418 % | £-5,783 | £402,216 |
| 3 Month Average | 10.252 % | £41,828 | £449,828 |
| 6 Month Average | 19.628 % | £80,081 | £488,081 |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 11 Dec 2019.
The average size of a house on CHARD DRIVE is 112 sq meters (1,211 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Elvington Gardens |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Elvington Gardens |
| Feb 2024 | Anti-social behaviour | On or near Balmore Wood | |
| Feb 2024 | Anti-social behaviour | On or near Balmore Wood | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farrow Close |