£462,339
This estimated value is based upon the latest sale price for the house of £250,000 on 9 May 2005. 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 |
|---|---|
| £250,000 | 9 May 2005 |
| 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 May 2005 the House Price Index for LUTON was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.936%.Applying this 84.936% change to the original purchase price of £250,000 results in an estimated price of approximately £462,339.
| 9 May 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 148.6 | 84.936 % | £250,000 | £212,339 | £462,339 |
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 | 92.430 % | £231,074 | £481,074 |
| 3 Month Average | 70.804 % | £177,010 | £427,010 |
| 6 Month Average | 91.563 % | £228,906 | £478,906 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £529,633 | £525,000 | 45 CROMER WAY |
| 21 Jul 2023 | £532,162 | £525,000 | 31 BECKHAM CLOSE |
| 30 Mar 2023 | £413,899 | £410,000 | 7 CROMER WAY |
| 4 Jan 2023 | £286,650 | £288,000 | 73 CROMER WAY |
| 2 Nov 2022 | £479,196 | £485,000 | 17 BINHAM CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Langham Close |
| Feb 2024 | Anti-social behaviour | On or near Langham Close | |
| Feb 2024 | Anti-social behaviour | On or near Langham Close | |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Thornage Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Furze Close |