£209,385
This estimated value is based upon the latest sale price for the house of £130,000 on 3 Jun 2008. This value is then adjusted by the current Official House Price Index for LUTON 1
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6-14 Mill Street, Luton, LU1 2NA
Phone: 01582936910
Price Paid | Date |
---|---|
£130,000 | 3 Jun 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 2008 the House Price Index for LUTON was 91.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 61.066%.Applying this 61.066% change to the original purchase price of £130,000 results in an estimated price of approximately £209,385.
3 Jun 2008 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
91.9 | 148.0 | 61.066 % | £130,000 | £79,385 | £209,385 |
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 | -22.706 % | £-29,517 | £100,482 |
3 Month Average | 27.552 % | £35,818 | £165,818 |
6 Month Average | 28.794 % | £37,431 | £167,431 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £101,928 | £100,000 | 304 POINT RED, 146 MIDLAND ROAD |
23 Sep 2022 | £167,957 | £170,000 | FLAT 2 BALFOUR HOUSE GUILDFORD STREET |
6 Aug 2021 | £338,889 | £305,000 | FLAT 89 HATTON PLACE, 118 MIDLAND ROAD |
20 Jul 2020 | £127,658 | £106,000 | 52A GUILDFORD STREET |
17 Jan 2020 | £182,218 | £150,000 | FLAT 19 LANGHAM HOUSE MILL STREET |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 17 Jun 2010. Using an estimated price of £209,385 means this house is valued at £3,804 per sq meter (£353 per sq foot).
The average size of a house on GUILDFORD STREET is 60 sq meters (648 sq feet).