£48,177,475
This estimated value is based upon the latest sale price for the house of £40,000,000 on 31 Mar 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 |
|---|---|
| £40,000,000 | 31 Mar 2020 |
| Freehold |
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 March 2020 the House Price Index for LUTON was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £40,000,000 results in an estimated price of approximately £48,177,475.
| 31 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £40,000,000 | £8,177,475 | £48,177,475 |
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 | 15.768 % | £6,307,118 | £46,307,118 |
| 3 Month Average | -12.481 % | £-4,992,357 | £35,007,642 |
| 6 Month Average | -17.156 % | £-6,862,524 | £33,137,475 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £221,276 | £218,000 | FLAT 32 GRIFFIN COURT STIRLING DRIVE |
| 17 Nov 2023 | £205,036 | £202,000 | 29 ARMSTRONG ROAD |
| 8 Feb 2023 | £272,816 | £273,000 | 25 ARMSTRONG ROAD |
| 25 Jan 2023 | £273,711 | £275,000 | 55 WINDMILL ROAD |
| 10 Nov 2022 | £271,709 | £275,000 | FLAT 20 GRIFFIN COURT STIRLING DRIVE |