£366,068
This estimated value is based upon the latest sale price for the house of £206,000 on 24 Feb 2006. This value is then adjusted by the current Official House Price Index for LUTON 1
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Cromer Way, Luton, LU2 7DB
Phone: 01582955220
| Price Paid | Date |
|---|---|
| £206,000 | 24 Feb 2006 |
| £149,950 | 11 Sep 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2006 the House Price Index for LUTON was 83.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 77.703%.Applying this 77.703% change to the original purchase price of £206,000 results in an estimated price of approximately £366,068.
| 24 Feb 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.6 | 148.6 | 77.703 % | £206,000 | £160,068 | £366,068 |
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 | 81.131 % | £167,130 | £373,130 |
| 3 Month Average | 58.031 % | £119,543 | £325,543 |
| 6 Month Average | 80.529 % | £165,889 | £371,889 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £529,633 | £525,000 | 45 CROMER WAY |
| 30 Mar 2023 | £413,899 | £410,000 | 7 CROMER WAY |
| 4 Jan 2023 | £286,650 | £288,000 | 73 CROMER WAY |
| 12 Aug 2022 | £476,218 | £477,500 | 61 CROMER WAY |
| 11 Aug 2022 | £420,867 | £422,000 | 19 CROMER WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 12 Sep 2013. Using an estimated price of £366,068 means this house is valued at £5,014 per sq meter (£465 per sq foot).
There is one other house on the street which we know the size of, this is 9 HANWORTH CLOSE it is 107.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Langham Close |
| Feb 2024 | Anti-social behaviour | On or near Langham Close | |
| Feb 2024 | Anti-social behaviour | On or near Langham Close | |
| Mar 2024 | Anti-social behaviour | On or near Kelling Close | |
| Mar 2024 | Anti-social behaviour | On or near Kelling Close |