£243,566
This estimated value is based upon the latest sale price for the house of £144,000 on 14 Dec 2012. This value is then adjusted by the current Official House Price Index for LUTON 1
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386 Hitchin Road, Luton, LU2 7SR
Phone: 01582936653
| Price Paid | Date |
|---|---|
| £144,000 | 14 Dec 2012 |
| Terraced |
| Freehold |
| 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 December 2012 the House Price Index for LUTON was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £144,000 results in an estimated price of approximately £243,566.
| 14 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £144,000 | £99,566 | £243,566 |
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 | 65.212 % | £93,905 | £237,905 |
| 3 Month Average | 46.263 % | £66,618 | £210,618 |
| 6 Month Average | 66.127 % | £95,223 | £239,223 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £324,145 | £320,000 | 39 SOMERSET AVENUE |
| 31 Jul 2023 | £304,093 | £300,000 | 55 STANFORD ROAD |
| 30 Jun 2023 | £325,948 | £322,000 | 2 SOMERSET AVENUE |
| 6 Mar 2023 | £333,139 | £330,000 | 3 ELMORE ROAD |
| 28 Feb 2023 | £299,798 | £300,000 | 39 ELMORE ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 20 Nov 2012. Using an estimated price of £243,567 means this house is valued at £3,690 per sq meter (£342 per sq foot).
The average size of a house on STANFORD ROAD is 86 sq meters (930 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Elmore Road | |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Elmore Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elmore Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Elmore Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elmore Road |