£186,438
This estimated value is based upon the latest sale price for the house of £125,000 on 12 Dec 2014. This value is then adjusted by the current Official House Price Index for LUTON 1
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68 Wellington Street, Luton, LU1 5AA
Phone: 01582936897
| Price Paid | Date |
|---|---|
| £125,000 | 12 Dec 2014 |
| £112,500 | 30 Nov 2012 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 700 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 2014 the House Price Index for LUTON was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £125,000 results in an estimated price of approximately £186,438.
| 12 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £125,000 | £61,438 | £186,438 |
The Postcode Pricing Model uses changes in average sales price within the LU1 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 | 71.995 % | £89,993 | £214,993 |
| 3 Month Average | 20.671 % | £25,838 | £150,838 |
| 6 Month Average | 20.035 % | £25,043 | £150,043 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Mar 2023 | £175,150 | £173,500 | 18A RUSSELL STREET |
| 1 Aug 2022 | £113,694 | £114,000 | 77 HASTINGS STREET |
| 17 Jun 2022 | £121,720 | £120,000 | FLAT 3 16 RUSSELL STREET |
| 17 Jun 2022 | £223,154 | £220,000 | 47 DUMFRIES STREET |
| 25 Mar 2022 | £191,709 | £185,000 | 82A HASTINGS STREET |
This house has a floor area of 65 sq meters or 700 sq feet when measured on 8 Feb 2012. Using an estimated price of £186,439 means this house is valued at £2,865 per sq meter (£266 per sq foot).
The average size of a house on HASTINGS STREET is 61 sq meters (666 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Dumfries Street |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Dumfries Street |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Dumfries Street |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dumfries Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dumfries Street |