£493,056
This estimated value is based upon the latest sale price for the house of £401,500 on 22 Jun 2018. 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 |
|---|---|
| £401,500 | 22 Jun 2018 |
| £250,000 | 29 Jul 2011 |
| £199,995 | 10 Nov 2000 |
| Detached |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 2018 the House Price Index for LUTON was 119.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.804%.Applying this 22.804% change to the original purchase price of £401,500 results in an estimated price of approximately £493,056.
| 22 Jun 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 146.7 | 22.804 % | £401,500 | £91,556 | £493,056 |
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 | 16.798 % | £67,444 | £468,944 |
| 3 Month Average | 8.632 % | £34,655 | £436,155 |
| 6 Month Average | 24.156 % | £96,986 | £498,486 |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 22 Feb 2018.
There is one other house on the street which we know the size of, this is 2A HILL CLOSE it is 127.9
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Hill Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hill Close |
| Mar 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Mar 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Mar 2024 | Other theft | Under investigation | On or near Petrol Station |