£126,631
This estimated value is based upon the latest sale price for the house of £112,000 on 5 Feb 2021. 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 |
|---|---|
| £112,000 | 5 Feb 2021 |
| £112,995 | 3 Mar 2006 |
| £94,500 | 9 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 February 2021 the House Price Index for LUTON was 130.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 13.063%.Applying this 13.063% change to the original purchase price of £112,000 results in an estimated price of approximately £126,631.
| 5 Feb 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 148.0 | 13.063 % | £112,000 | £14,631 | £126,631 |
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 | 10.168 % | £11,388 | £123,388 |
| 3 Month Average | 3.326 % | £3,725 | £115,725 |
| 6 Month Average | 2.629 % | £2,945 | £114,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jan 2023 | £2,379,102 | £2,400,000 | 1 MILL STREET |
| 15 Nov 2021 | £10,825,327 | £10,050,000 | 30 OLD BEDFORD ROAD |
| 5 Feb 2021 | £126,631 | £112,000 | FLAT 9 WARDEN COURT, 5 VILLA ROAD |
| 30 Oct 2020 | £165,905 | £142,000 | 6 DEACONS COURT VILLA ROAD |
| 30 Sep 2020 | £131,858 | £111,500 | 10 SUMMERVIEW COURT MILL STREET |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 6 Dec 2018. Using an estimated price of £126,631 means this house is valued at £2,694 per sq meter (£250 per sq foot).
The average size of a house on VILLA ROAD is 51 sq meters (557 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Villa Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Villa Road |
| Apr 2024 | Anti-social behaviour | On or near Villa Road | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Villa Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Villa Road |