£137,354
This estimated value is based upon the latest sale price for the house of £120,000 on 2 Jul 2021. This value is then adjusted by the current Official House Price Index for LUTON 1
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32 Cromwell Road, Luton, LU3 1DN
Phone: 01582955982
| Price Paid | Date |
|---|---|
| £120,000 | 2 Jul 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 July 2021 the House Price Index for LUTON was 129.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.462%.Applying this 14.462% change to the original purchase price of £120,000 results in an estimated price of approximately £137,354.
| 2 Jul 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.0 | 14.462 % | £120,000 | £17,354 | £137,354 |
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 | 80.090 % | £96,107 | £216,107 |
| 3 Month Average | -1.953 % | £-2,343 | £117,656 |
| 6 Month Average | 14.509 % | £17,411 | £137,411 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2022 | £133,333 | £130,000 | FLAT 8 STATELY COURT, 29 - 31 STUDLEY ROAD |
| 28 Mar 2022 | £165,133 | £160,000 | 25 BRAITHWAITE COURT MALZEARD ROAD |
| 18 Feb 2022 | £428,229 | £410,000 | 8 MALZEARD ROAD |
| 11 Feb 2022 | £142,047 | £136,000 | FLAT 5 37 STUDLEY ROAD |
| 9 Aug 2021 | £175,556 | £158,000 | 15 BRAITHWAITE COURT MALZEARD ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 12 Jul 2016. Using an estimated price of £137,355 means this house is valued at £2,452 per sq meter (£227 per sq foot).
The average size of a house on MALZEARD ROAD is 70 sq meters (759 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Malzeard Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Malzeard Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Studley Road |
| Apr 2024 | Burglary | Under investigation | On or near Studley Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Studley Road |