£654,911
This estimated value is based upon the latest sale price for the house of £129,995 on 8 Aug 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 |
|---|---|
| £129,995 | 8 Aug 1997 |
| Detached |
| Freehold |
| Floor Area: 199 sq meters or 2,142 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 August 1997 the House Price Index for LUTON was 29.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 403.797%.Applying this 403.797% change to the original purchase price of £129,995 results in an estimated price of approximately £654,911.
| 8 Aug 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 148.6 | 403.797 % | £129,995 | £524,916 | £654,911 |
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 | 418.134 % | £543,552 | £673,547 |
| 3 Month Average | 417.580 % | £542,833 | £672,828 |
| 6 Month Average | 490.473 % | £637,590 | £767,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £317,996 | £315,000 | 23 POPLAR AVENUE |
| 28 Nov 2022 | £395,213 | £400,000 | 133 GOOSEBERRY HILL |
| 15 Jul 2022 | £376,012 | £375,000 | 7 WELBURY AVENUE |
| 27 Jun 2022 | £405,734 | £400,000 | 34A POPLAR AVENUE |
| 24 Jun 2022 | £431,092 | £425,000 | 10 WELBURY AVENUE |
This house has a floor area of 199 sq meters or 2,142 sq feet when measured on 9 Jul 2012. Using an estimated price of £654,911 means this house is valued at £3,291 per sq meter (£305 per sq foot).
The average size of a house on GRASMERE ROAD is 100 sq meters (1,079 sq feet).
This house is the largest in the street with a floor area of 199 sq meters (2,142 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Road | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Road |