£316,106
This estimated value is based upon the latest sale price for the house of £60,000 on 8 Jan 1997. 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 |
|---|---|
| £60,000 | 8 Jan 1997 |
| Semi-Detached |
| Freehold |
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 January 1997 the House Price Index for LUTON was 27.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 426.844%.Applying this 426.844% change to the original purchase price of £60,000 results in an estimated price of approximately £316,106.
| 8 Jan 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 146.7 | 426.844 % | £60,000 | £256,106 | £316,106 |
The Postcode Pricing Model uses changes in average sales price within the LU3 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 | 560.785 % | £336,470 | £396,470 |
| 3 Month Average | 533.353 % | £320,011 | £380,011 |
| 6 Month Average | 579.503 % | £347,701 | £407,701 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dray Gardens |
| Jan 2024 | Theft from the person | Unable to prosecute suspect | On or near Dray Gardens |
| Dec 2023 | Drugs | Local resolution | On or near Dray Gardens |
| Mar 2024 | Burglary | Under investigation | On or near Turnpike Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Turnpike Drive |