£332,926
This estimated value is based upon the latest sale price for the house of £275,000 on 4 Oct 2019. 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 |
|---|---|
| £275,000 | 4 Oct 2019 |
| £116,000 | 14 Mar 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 October 2019 the House Price Index for LUTON was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.064%.Applying this 21.064% change to the original purchase price of £275,000 results in an estimated price of approximately £332,926.
| 4 Oct 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.064 % | £275,000 | £57,926 | £332,926 |
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 | 24.612 % | £67,684 | £342,684 |
| 3 Month Average | 16.203 % | £44,559 | £319,559 |
| 6 Month Average | 29.081 % | £79,971 | £354,971 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 12 Nov 2018.
The average size of a house on DERWENT AVENUE is 65 sq meters (703 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Derwent Avenue |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Derwent Avenue |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Avenue | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Avenue |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Avenue |