£685,622
This estimated value is based upon the latest sale price for the house of £555,000 on 31 Jan 2019. 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 |
|---|---|
| £555,000 | 31 Jan 2019 |
| Detached |
| Freehold |
| Floor Area: 159 sq meters or 1,711 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 January 2019 the House Price Index for LUTON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £555,000 results in an estimated price of approximately £685,622.
| 31 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £555,000 | £130,622 | £685,622 |
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 | 6.773 % | £37,588 | £592,588 |
| 3 Month Average | 13.462 % | £74,712 | £629,712 |
| 6 Month Average | 23.309 % | £129,364 | £684,364 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jun 2022 | £674,532 | £665,000 | 15 MILBURN CLOSE |
| 1 Jun 2022 | £583,242 | £575,000 | 32 GATEHILL GARDENS |
| 25 Jun 2021 | £469,404 | £437,500 | 47 GATEHILL GARDENS |
| 24 Jun 2021 | £423,805 | £395,000 | 8 GATEHILL GARDENS |
| 24 Jun 2021 | £708,130 | £660,000 | 26 GATEHILL GARDENS |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 24 Jul 2018. Using an estimated price of £685,622 means this house is valued at £4,312 per sq meter (£400 per sq foot).
The average size of a house on HOLFORD WAY is 127 sq meters (1,370 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gatehill Gardens |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gatehill Gardens |
| Feb 2024 | Drugs | Under investigation | On or near Barton Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Barton Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Elvington Gardens |