£251,358
This estimated value is based upon the latest sale price for the house of £167,000 on 12 Sep 2014. 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 |
|---|---|
| £167,000 | 12 Sep 2014 |
| £59,000 | 5 Nov 1999 |
| £49,000 | 25 Jun 1997 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 September 2014 the House Price Index for LUTON was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £167,000 results in an estimated price of approximately £251,358.
| 12 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £167,000 | £84,358 | £251,358 |
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 | 56.138 % | £93,750 | £260,750 |
| 3 Month Average | 39.858 % | £66,563 | £233,563 |
| 6 Month Average | 57.066 % | £95,299 | £262,299 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £208,651 | £205,000 | 105 DEVON ROAD |
| 8 Feb 2023 | £284,808 | £285,000 | 260 DEVON ROAD |
| 31 Oct 2022 | £289,879 | £293,000 | 52 BUCHANAN DRIVE |
| 29 Jul 2022 | £325,877 | £325,000 | 42 BUCHANAN DRIVE |
| 27 Jun 2022 | £252,569 | £249,000 | 226 DEVON ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 31 Mar 2014. Using an estimated price of £251,358 means this house is valued at £3,396 per sq meter (£315 per sq foot).
The average size of a house on DEVON ROAD is 79 sq meters (858 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Buchanan Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Buchanan Drive |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Eaton Valley Road |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Harrowden Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Plymouth Close |