£400,913
This estimated value is based upon the latest sale price for the house of £325,000 on 10 Dec 2018. This value is then adjusted by the current Official House Price Index for LUTON 1
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Leagrave Train Station, 9 Compton Avenue, Luton, LU4 9AX
Phone: 01582936711
| Price Paid | Date |
|---|---|
| £325,000 | 10 Dec 2018 |
| £205,000 | 3 Jun 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 December 2018 the House Price Index for LUTON was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £325,000 results in an estimated price of approximately £400,913.
| 10 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £325,000 | £75,913 | £400,913 |
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 | 7.062 % | £22,951 | £347,951 |
| 3 Month Average | 13.510 % | £43,905 | £368,905 |
| 6 Month Average | 24.301 % | £78,978 | £403,978 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £395,051 | £390,000 | 62 MENDIP WAY |
| 10 Aug 2023 | £282,471 | £280,000 | 7 LIME TREE CLOSE |
| 26 Aug 2022 | £367,012 | £368,000 | 115 MENDIP WAY |
| 30 Jun 2022 | £289,085 | £285,000 | 6 LIME TREE CLOSE |
| 18 May 2022 | £338,885 | £332,500 | 176 GRAMPIAN WAY |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 6 Aug 2018. Using an estimated price of £400,913 means this house is valued at £3,486 per sq meter (£323 per sq foot).
The average size of a house on PINEWOOD CLOSE is 202 sq meters (2,179 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Epping Way |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chestnut Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Oakwood Drive |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oakwood Drive |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Redwood Drive |