£249,747
This estimated value is based upon the latest sale price for the house of £220,000 on 25 Feb 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £220,000 | 25 Feb 2021 |
| £96,250 | 21 Oct 2016 |
| £58,500 | 4 Aug 2004 |
| £43,025 | 17 Jan 2003 |
| £30,600 | 1 Aug 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 sq feet |
This model uses changes in the Official Land Registry House Price Index for MEDWAY to estimate the market value.
When this house was purchased in February 2021 the House Price Index for MEDWAY was 130.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.522%.Applying this 13.522% change to the original purchase price of £220,000 results in an estimated price of approximately £249,747.
| 25 Feb 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 148.6 | 13.522 % | £220,000 | £29,747 | £249,747 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | -39.372 % | £-86,618 | £133,381 |
| 3 Month Average | -9.743 % | £-21,434 | £198,565 |
| 6 Month Average | 11.543 % | £25,394 | £245,394 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £73,945 | £73,000 | 24 EDWARD COURT |
| 19 Sep 2023 | £197,526 | £195,000 | 27 LUTON HIGH STREET |
| 14 Jun 2023 | £126,533 | £125,000 | 47A LUTON HIGH STREET |
| 14 Apr 2023 | £119,284 | £118,000 | 17 EDWARD COURT |
| 31 Jan 2023 | £243,851 | £245,000 | THE BARN REAR OF HEN & CHICKS LUTON HIGH STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 5 Dec 2014. Using an estimated price of £249,748 means this house is valued at £4,162 per sq meter (£386 per sq foot).
The average size of a house on TRAMWAYS is 93 sq meters (1,001 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Tramways |
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near Tramways |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Tramways |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Luton High Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Luton High Street |