£294,042
This estimated value is based upon the latest sale price for the house of £120,000 on 14 Feb 2003. This value is then adjusted by the current Official House Price Index for BEDFORDSHIRE 1
There has been one burglary within the last year on or near Cromer Way
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Cromer Way, Luton, LU2 7DB
Phone: 01582955220
| Price Paid | Date |
|---|---|
| £120,000 | 14 Feb 2003 |
| £45,000 | 24 Sep 1996 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 sq feet |
This model uses changes in the Official Land Registry House Price Index for BEDFORDSHIRE to estimate the market value.
When this house was purchased in February 2003 the House Price Index for BEDFORDSHIRE was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £120,000 results in an estimated price of approximately £294,042.
| 14 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 148.6 | 145.035 % | £120,000 | £174,042 | £294,042 |
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 | 138.993 % | £166,791 | £286,791 |
| 3 Month Average | 105.358 % | £126,429 | £246,429 |
| 6 Month Average | 135.786 % | £162,943 | £282,943 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £360,559 | £354,250 | 10 FARMBROOK |
| 12 Sep 2023 | £268,432 | £265,000 | 6 FARMBROOK |
| 30 Jun 2023 | £367,451 | £363,000 | 18 WISEMAN CLOSE |
| 11 Feb 2022 | £174,083 | £166,000 | 52 FARMBROOK |
| 26 Nov 2020 | £272,448 | £235,000 | 67 WISEMAN CLOSE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 27 Jun 2012. Using an estimated price of £294,043 means this house is valued at £5,547 per sq meter (£515 per sq foot).
The average size of a house on FARMBROOK is 64 sq meters (692 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Cromer Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wiseman Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Yately Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Yately Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Yately Close |