£307,415
This estimated value is based upon the latest sale price for the house of £257,000 on 13 Sep 2020. This value is then adjusted by the current Official House Price Index for LUTON 1
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Victory House, Chobham Street, Luton, LU1 3BS
Phone: 01582944003
| Price Paid | Date |
|---|---|
| £257,000 | 13 Sep 2020 |
| £240,350 | 27 Jun 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 September 2020 the House Price Index for LUTON was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £257,000 results in an estimated price of approximately £307,415.
| 13 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £257,000 | £50,415 | £307,415 |
The Postcode Pricing Model uses changes in average sales price within the LU2 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 | -6.048 % | £-15,543 | £241,456 |
| 3 Month Average | 12.604 % | £32,392 | £289,392 |
| 6 Month Average | 11.473 % | £29,486 | £286,486 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £278,560 | £270,000 | FLAT 19 WILSON COURT STIRLING DRIVE |
| 29 Nov 2023 | £223,678 | £218,000 | FLAT 32 GRIFFIN COURT STIRLING DRIVE |
| 17 Nov 2023 | £207,261 | £202,000 | 29 ARMSTRONG ROAD |
| 19 Apr 2023 | £192,093 | £188,500 | FLAT 1 WILSON COURT STIRLING DRIVE |
| 8 Feb 2023 | £274,836 | £273,000 | 25 ARMSTRONG ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 3 Apr 2019. Using an estimated price of £307,416 means this house is valued at £4,657 per sq meter (£432 per sq foot).
The average size of a house on STIRLING DRIVE is 61 sq meters (660 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Armstrong Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Armstrong Road |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Armstrong Road |
| Sep 2024 | Criminal damage and arson | Awaiting court outcome | On or near Armstrong Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Armstrong Road |