£330,866
This estimated value is based upon the latest sale price for the house of £207,000 on 25 Jun 2007. This value is then adjusted by the current Official House Price Index for LUTON 1
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68 Wellington Street, Luton, LU1 5AA
Phone: 01582936897
| Price Paid | Date |
|---|---|
| £207,000 | 25 Jun 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 44 sq meters or 480 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 2007 the House Price Index for LUTON was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £207,000 results in an estimated price of approximately £330,866.
| 25 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 149.7 | 59.839 % | £207,000 | £123,866 | £330,866 |
The Postcode Pricing Model uses changes in average sales price within the LU1 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 | 148.335 % | £307,052 | £514,052 |
| 3 Month Average | 85.055 % | £176,063 | £383,063 |
| 6 Month Average | 77.748 % | £160,938 | £367,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Mar 2023 | £176,447 | £173,500 | 18A RUSSELL STREET |
| 25 Aug 2022 | £311,456 | £310,000 | 18 RUSSELL RISE |
| 24 Jun 2022 | £265,679 | £260,000 | 13 BLYTH PLACE |
| 17 Jun 2022 | £122,621 | £120,000 | FLAT 3 16 RUSSELL STREET |
| 25 Mar 2022 | £193,128 | £185,000 | 82A HASTINGS STREET |
This house has a floor area of 44 sq meters or 480 sq feet when measured on 29 Aug 2009. Using an estimated price of £330,867 means this house is valued at £7,415 per sq meter (£688 per sq foot).
The average size of a house on RUSSELL STREET is 68 sq meters (734 sq feet).