£265,715
This estimated value is based upon the latest sale price for the house of £265,000 on 15 Jul 2022. 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 |
|---|---|
| £265,000 | 15 Jul 2022 |
| £159,000 | 4 Jan 2008 |
| £123,000 | 1 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 42 sq meters or 452 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 July 2022 the House Price Index for LUTON was 148.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.270%.Applying this 0.270% change to the original purchase price of £265,000 results in an estimated price of approximately £265,715.
| 15 Jul 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.6 | 0.270 % | £265,000 | £715 | £265,715 |
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 | 1.895 % | £5,020 | £270,020 |
| 3 Month Average | -22.216 % | £-58,871 | £206,128 |
| 6 Month Average | -4.453 % | £-11,799 | £253,200 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jul 2023 | £364,911 | £360,000 | 17 HILLCREST AVENUE |
| 1 Aug 2022 | £274,262 | £275,000 | 70 LINKS WAY |
| 22 Jul 2022 | £310,837 | £310,000 | 109 LINKS WAY |
| 15 Jul 2022 | £265,715 | £265,000 | 8 KELLING CLOSE |
| 8 Apr 2022 | £395,443 | £384,000 | 9 WIVETON CLOSE |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 28 Nov 2013. Using an estimated price of £265,715 means this house is valued at £6,326 per sq meter (£587 per sq foot).
The average size of a house on KELLING CLOSE is 66 sq meters (714 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Kelling Close | |
| Mar 2024 | Anti-social behaviour | On or near Kelling Close | |
| Jan 2024 | Drugs | Local resolution | On or near Kelling Close |
| Jan 2024 | Drugs | Local resolution | On or near Kelling Close |
| Dec 2023 | Anti-social behaviour | On or near Kelling Close |