£594,518
This estimated value is based upon the latest sale price for the house of £305,000 on 19 Jul 2004. 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 |
|---|---|
| £305,000 | 19 Jul 2004 |
| Detached |
| Freehold |
| Floor Area: 136 sq meters or 1,463 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 July 2004 the House Price Index for LUTON was 76.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 94.924%.Applying this 94.924% change to the original purchase price of £305,000 results in an estimated price of approximately £594,518.
| 19 Jul 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 148.6 | 94.924 % | £305,000 | £289,518 | £594,518 |
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 | 99.377 % | £303,099 | £608,099 |
| 3 Month Average | 76.762 % | £234,124 | £539,124 |
| 6 Month Average | 97.614 % | £297,722 | £602,722 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £446,003 | £440,000 | 128 BARTON ROAD |
| 16 Mar 2023 | £252,378 | £250,000 | 116 BARTON ROAD |
| 12 Aug 2022 | £418,872 | £420,000 | 80 BLAKENEY DRIVE |
| 15 Jul 2022 | £265,715 | £265,000 | 8 KELLING CLOSE |
| 30 May 2022 | £693,059 | £680,000 | 28 BLAKENEY DRIVE |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 13 Jun 2017. Using an estimated price of £594,519 means this house is valued at £4,371 per sq meter (£406 per sq foot).
The average size of a house on SHERINGHAM CLOSE is 124 sq meters (1,341 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Sheringham Close | |
| Mar 2024 | Anti-social behaviour | On or near Kelling Close | |
| Mar 2024 | Anti-social behaviour | On or near Kelling Close | |
| Jan 2024 | Drugs | Local resolution | On or near Kelling Close |
| Jan 2024 | Drugs | Local resolution | On or near Kelling Close |