£247,045
This estimated value is based upon the latest sale price for the house of £165,000 on 4 Nov 2014. 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 |
|---|---|
| £165,000 | 4 Nov 2014 |
| £69,995 | 3 Dec 1999 |
| £31,000 | 16 Mar 1999 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 707 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 November 2014 the House Price Index for LUTON was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £165,000 results in an estimated price of approximately £247,045.
| 4 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £165,000 | £82,045 | £247,045 |
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 | 49.613 % | £81,860 | £246,860 |
| 3 Month Average | 30.209 % | £49,845 | £214,845 |
| 6 Month Average | 52.171 % | £86,081 | £251,081 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £238,000 | £238,000 | 43 TURNERS ROAD SOUTH |
| 14 Jun 2023 | £225,228 | £222,500 | 51 TURNERS ROAD SOUTH |
| 3 Feb 2023 | £149,899 | £150,000 | 20B TURNERS ROAD SOUTH |
| 25 Nov 2022 | £253,924 | £257,000 | 18 RAMRIDGE ROAD |
| 24 Jun 2022 | £355,017 | £350,000 | 474 HITCHIN ROAD |
This house has a floor area of 65 sq meters or 707 sq feet when measured on 5 Feb 2009. Using an estimated price of £247,045 means this house is valued at £3,757 per sq meter (£349 per sq foot).
The average size of a house on RAMRIDGE ROAD is 67 sq meters (730 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Ramridge Road | |
| Jan 2024 | Anti-social behaviour | On or near Ramridge Road | |
| Jan 2024 | Anti-social behaviour | On or near Ramridge Road | |
| Mar 2024 | Anti-social behaviour | On or near Turners Road South | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Turners Road South |