£172,069
This estimated value is based upon the latest sale price for the house of £101,500 on 20 Sep 2010. 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 |
|---|---|
| £101,500 | 20 Sep 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 511 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 2010 the House Price Index for LUTON was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.527%.Applying this 69.527% change to the original purchase price of £101,500 results in an estimated price of approximately £172,069.
| 20 Sep 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.527 % | £101,500 | £70,569 | £172,069 |
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 | 80.326 % | £81,531 | £183,031 |
| 3 Month Average | 55.245 % | £56,073 | £157,573 |
| 6 Month Average | 69.516 % | £70,559 | £172,059 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £290,000 | £290,000 | 70 VERDE CLOSE |
| 24 Nov 2023 | £130,939 | £129,000 | 52 FAIR OAK DRIVE |
| 8 Sep 2023 | £182,331 | £180,000 | 7 GREEN OAKS |
| 8 Sep 2023 | £364,663 | £360,000 | 56 VERDE CLOSE |
| 12 Apr 2023 | £178,927 | £177,000 | 12 GREEN OAKS |
This house has a floor area of 47 sq meters or 511 sq feet when measured on 20 Sep 2010. Using an estimated price of £172,070 means this house is valued at £3,622 per sq meter (£336 per sq foot).
The average size of a house on FAIR OAK DRIVE is 49 sq meters (532 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Fair Oak Drive | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fair Oak Drive |
| Feb 2024 | Anti-social behaviour | On or near Fair Oak Drive | |
| Feb 2024 | Anti-social behaviour | On or near Fair Oak Drive | |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Fair Oak Drive |