£229,473
This estimated value is based upon the latest sale price for the house of £179,995 on 28 Jul 2017. 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 |
---|---|
£179,995 | 28 Jul 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 July 2017 the House Price Index for LUTON was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £179,995 results in an estimated price of approximately £229,473.
28 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 148.6 | 27.489 % | £179,995 | £49,478 | £229,473 |
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 | 47.517 % | £85,527 | £265,522 |
3 Month Average | -17.735 % | £-31,922 | £148,072 |
6 Month Average | -12.886 % | £-23,194 | £156,800 |
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. Using an estimated price of £229,474 means this house is valued at £4,780 per sq meter (£444 per sq foot).
The average size of a house on JOHN STREET is 49 sq meters (536 sq feet).