£194,280
This estimated value is based upon the latest sale price for the house of £115,000 on 30 Nov 2006. 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 |
|---|---|
| £115,000 | 30 Nov 2006 |
| £115,000 | 28 Jul 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 543 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 November 2006 the House Price Index for LUTON was 88.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.940%.Applying this 68.940% change to the original purchase price of £115,000 results in an estimated price of approximately £194,280.
| 30 Nov 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 149.7 | 68.940 % | £115,000 | £79,280 | £194,280 |
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 | 163.529 % | £188,057 | £303,057 |
| 3 Month Average | 97.886 % | £112,569 | £227,569 |
| 6 Month Average | 91.602 % | £105,341 | £220,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £590,921 | £577,500 | 57 PRINCESS STREET |
| 9 Jun 2023 | £201,029 | £197,000 | 58 PRINCESS STREET |
| 6 Jun 2023 | £368,382 | £361,000 | 26 BUXTON ROAD |
| 3 Mar 2023 | £220,685 | £217,000 | 56 BUXTON ROAD |
| 30 Nov 2022 | £161,744 | £162,500 | 42B BUXTON ROAD |
This house has a floor area of 50 sq meters or 543 sq feet when measured on 25 May 2010. Using an estimated price of £194,281 means this house is valued at £3,850 per sq meter (£357 per sq foot).
The average size of a house on PRINCESS STREET is 51 sq meters (553 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Princess Street | |
| Oct 2024 | Drugs | Under investigation | On or near Princess Street |
| Oct 2024 | Other crime | Unable to prosecute suspect | On or near Princess Street |
| Sep 2024 | Anti-social behaviour | On or near Princess Street | |
| Sep 2024 | Anti-social behaviour | On or near Princess Street |