£624,931
This estimated value is based upon the latest sale price for the house of £590,000 on 4 Jun 2021. This value is then adjusted by the current Official House Price Index for LUTON 1
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27 George Street, Luton, LU1 2AF
Phone: 01582936755
| Price Paid | Date |
|---|---|
| £590,000 | 4 Jun 2021 |
| Freehold |
| Floor Area: 51 sq meters or 548 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 2021 the House Price Index for LUTON was 138.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.921%.Applying this 5.921% change to the original purchase price of £590,000 results in an estimated price of approximately £624,931.
| 4 Jun 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 146.7 | 5.921 % | £590,000 | £34,931 | £624,931 |
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 | 11.794 % | £69,585 | £659,585 |
| 3 Month Average | -30.671 % | £-180,956 | £409,043 |
| 6 Month Average | -33.784 % | £-199,326 | £390,673 |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 7 Nov 2018.
The average size of a house on UNION STREET is 75 sq meters (815 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Further action is not in the public interest | On or near Union Street |
| Mar 2024 | Other crime | Under investigation | On or near Union Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Union Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Union Street |
| Mar 2024 | Other crime | Under investigation | On or near Union Street |