£314,890
This estimated value is based upon the latest sale price for the house of £255,000 on 14 Sep 2018. 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 |
|---|---|
| £255,000 | 14 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 898 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 2018 the House Price Index for LUTON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £255,000 results in an estimated price of approximately £314,890.
| 14 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £255,000 | £59,890 | £314,890 |
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 | 54.200 % | £138,209 | £393,209 |
| 3 Month Average | -1.798 % | £-4,584 | £250,415 |
| 6 Month Average | 6.370 % | £16,244 | £271,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jun 2023 | £258,127 | £255,000 | 29 POMFRET AVENUE |
| 24 Feb 2023 | £115,422 | £115,500 | 24 FALKS HILL |
| 23 Jan 2023 | £323,476 | £325,000 | 16 FALKS HILL |
| 11 Jan 2023 | £273,711 | £275,000 | 103 POMFRET AVENUE |
| 24 Aug 2022 | £296,203 | £297,000 | 63 HART LANE |
This house has a floor area of 83 sq meters or 898 sq feet when measured on 10 Jun 2011. Using an estimated price of £314,891 means this house is valued at £3,772 per sq meter (£350 per sq foot).
The average size of a house on TOWER ROAD is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Tower Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tower Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Tower Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Falks Hill |
| Feb 2024 | Burglary | Under investigation | On or near Falks Hill |