£277,116
This estimated value is based upon the latest sale price for the house of £175,000 on 24 Feb 2014. This value is then adjusted by the current Official House Price Index for LUTON 1
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50 Wellington Street, Luton, LU1 2QH
Phone: 01582936753
| Price Paid | Date |
|---|---|
| £175,000 | 24 Feb 2014 |
| 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 February 2014 the House Price Index for LUTON was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £175,000 results in an estimated price of approximately £277,116.
| 24 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £175,000 | £102,116 | £277,116 |
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 | 119.879 % | £209,787 | £384,787 |
| 3 Month Average | 32.644 % | £57,126 | £232,126 |
| 6 Month Average | 34.504 % | £60,381 | £235,381 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £621,694 | £615,000 | 23 DUNSTABLE PLACE |
| 28 Mar 2023 | £101 | £100 | 5 GORDON STREET |
| 20 Jan 2023 | £84,601 | £85,000 | FLAT 5 12 GORDON STREET |
| 17 Aug 2022 | £79,785 | £80,000 | FLAT 1 12 GORDON STREET |
| 13 Jan 2022 | £841,926 | £800,000 | 26A HASTINGS STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 3 Aug 2019. Using an estimated price of £277,117 means this house is valued at £4,198 per sq meter (£390 per sq foot).
The average size of a house on WELLINGTON STREET is 59 sq meters (640 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Peel Street | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Peel Street |
| Mar 2024 | Anti-social behaviour | On or near Peel Street | |
| Mar 2024 | Anti-social behaviour | On or near Peel Street | |
| Mar 2024 | Theft from the person | Under investigation | On or near Peel Street |