£213,111
This estimated value is based upon the latest sale price for the house of £129,000 on 24 May 2013. 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 |
---|---|
£129,000 | 24 May 2013 |
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 May 2013 the House Price Index for LUTON was 88.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 65.203%.Applying this 65.203% change to the original purchase price of £129,000 results in an estimated price of approximately £213,111.
24 May 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
88.8 | 146.7 | 65.203 % | £129,000 | £84,111 | £213,111 |
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 | 145.688 % | £187,937 | £316,937 |
3 Month Average | 50.770 % | £65,492 | £194,492 |
6 Month Average | 51.106 % | £65,926 | £194,926 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 12 Jan 2013.
The average size of a house on NEW TOWN STREET is 69 sq meters (744 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New Town Street |
Mar 2024 | Violence and sexual offences | Offender given a caution | On or near New Town Street |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near New Town Street |
Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near New Town Street |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near May Street |