£1,034,109
This estimated value is based upon the latest sale price for the house of £170,000 on 31 Oct 2023. This value is then adjusted by the current Official House Price Index for LUTON 1
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42 - 46 Cheapside, Luton, LU1 2HN
Phone: 01582955676
Price Paid | Date |
---|---|
£170,000 | 31 Oct 2023 |
£178,995 | 19 Sep 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 October 2023 the House Price Index for LUTON was 24.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 508.300%.Applying this 508.300% change to the original purchase price of £170,000 results in an estimated price of approximately £1,034,109.
31 Oct 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
24.4 | 148.6 | 508.300 % | £170,000 | £864,109 | £1,034,109 |
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 | 106.506 % | £181,060 | £351,060 |
3 Month Average | -22.298 % | £-37,906 | £132,093 |
6 Month Average | 19.444 % | £33,054 | £203,054 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Jul 2023 | £1,621,828 | £1,600,000 | 40 - 46 JOHN STREET |
6 Feb 2023 | £199,866 | £200,000 | FLAT 36 THE ELMS, 26 JOHN STREET |
7 Apr 2022 | £180,215 | £175,000 | FLAT 38 AUCTION HOUSE COURTYARD, 25 JOHN STREET |
30 Mar 2022 | £186,527 | £180,000 | FLAT 39 AUCTION HOUSE COURTYARD, 25 JOHN STREET |
27 Aug 2021 | £89,249 | £80,000 | FLAT 40 AUCTION HOUSE COURTYARD, 25 JOHN STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 9 Jun 2017.
The average size of a house on JOHN STREET is 49 sq meters (536 sq feet).