£267,146
This estimated value is based upon the latest sale price for the house of £155,000 on 28 Nov 2011. This value is then adjusted by the current Official House Price Index for LUTON 1
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593 Hitchin Road, Stopsley, Luton, LU2 7UN
Phone: 01582955773
| Price Paid | Date |
|---|---|
| £155,000 | 28 Nov 2011 |
| £153,500 | 26 May 2005 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 793 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 2011 the House Price Index for LUTON was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £155,000 results in an estimated price of approximately £267,146.
| 28 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £155,000 | £112,146 | £267,146 |
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 | 70.602 % | £109,433 | £264,433 |
| 3 Month Average | 48.973 % | £75,907 | £230,907 |
| 6 Month Average | 66.871 % | £103,650 | £258,650 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £305,337 | £299,995 | 7 LOTHAIR ROAD |
| 14 Aug 2023 | £378,310 | £375,000 | 5 VENETIA ROAD |
| 21 Jun 2023 | £374,537 | £370,000 | 22A LOTHAIR ROAD |
| 9 Jun 2023 | £364,414 | £360,000 | 9A LOTHAIR ROAD |
| 17 Jun 2022 | £376,318 | £371,000 | 51 LOTHAIR ROAD |
This house has a floor area of 73 sq meters or 793 sq feet when measured on 9 Mar 2010. Using an estimated price of £267,146 means this house is valued at £3,625 per sq meter (£336 per sq foot).
The average size of a house on HITCHIN ROAD is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Venetia Road |
| Feb 2024 | Drugs | Under investigation | On or near Venetia Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Venetia Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Venetia Road |
| Mar 2024 | Shoplifting | Under investigation | On or near Supermarket |