£172,620
This estimated value is based upon the latest sale price for the house of £60,000 on 16 May 2002. This value is then adjusted by the current Official House Price Index for LUTON 1
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1A Riddy Lane, Luton, LU3 2AD
Phone: 01582955943
| Price Paid | Date |
|---|---|
| £60,000 | 16 May 2002 |
| £45,000 | 26 Jan 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 May 2002 the House Price Index for LUTON was 51.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 187.701%.Applying this 187.701% change to the original purchase price of £60,000 results in an estimated price of approximately £172,620.
| 16 May 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 146.7 | 187.701 % | £60,000 | £112,620 | £172,620 |
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 | 218.802 % | £131,281 | £191,281 |
| 3 Month Average | 203.578 % | £122,146 | £182,146 |
| 6 Month Average | 239.284 % | £143,570 | £203,570 |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 10 Aug 2016.
The average size of a house on SPRINGFIELD ROAD is 56 sq meters (606 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Glenfield Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Glenfield Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Markfield Close |