£282,571
This estimated value is based upon the latest sale price for the house of £163,950 on 11 Nov 2011. This value is then adjusted by the current Official House Price Index for LUTON 1
There has been one burglary within the last year on or near Cannon Lane
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19 Corncrake Close, Luton, LU2 8EL
Phone: 01582955817
| Price Paid | Date |
|---|---|
| £163,950 | 11 Nov 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 526 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 £163,950 results in an estimated price of approximately £282,571.
| 11 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £163,950 | £118,621 | £282,571 |
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 % | £115,751 | £279,701 |
| 3 Month Average | 48.973 % | £80,290 | £244,240 |
| 6 Month Average | 66.871 % | £109,634 | £273,584 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £163,927 | £161,500 | 22 OLYMPIC COURT CANNON LANE |
| 13 Apr 2023 | £222,395 | £220,000 | 16 OLYMPIC COURT CANNON LANE |
| 5 Apr 2023 | £353,810 | £350,000 | 32 GREENWAYS |
| 21 Nov 2022 | £169,942 | £172,000 | 14 OLYMPIC COURT CANNON LANE |
| 18 Aug 2022 | £164,557 | £165,000 | 27 OLYMPIC COURT CANNON LANE |
This house has a floor area of 48 sq meters or 526 sq feet when measured on 26 Oct 2011. Using an estimated price of £282,572 means this house is valued at £5,780 per sq meter (£537 per sq foot).
The average size of a house on CANNON LANE is 84 sq meters (909 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Cannon Lane |