£234,047
This estimated value is based upon the latest sale price for the house of £187,500 on 9 Apr 2018. This value is then adjusted by the current Official House Price Index for LUTON 1
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16 Park Street, Luton, LU1 3EP
Phone: 01582936982
Price Paid | Date |
---|---|
£187,500 | 9 Apr 2018 |
Flats/Maisonettes |
Leasehold |
Floor Area: 43 sq meters or 462 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 April 2018 the House Price Index for LUTON was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £187,500 results in an estimated price of approximately £234,047.
9 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.0 | 148.6 | 24.825 % | £187,500 | £46,547 | £234,047 |
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 | 48.747 % | £91,400 | £278,900 |
3 Month Average | -10.601 % | £-19,876 | £167,623 |
6 Month Average | 14.523 % | £27,230 | £214,730 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2022 | £187,726 | £190,000 | FLAT 57 THE LANDMARK FLOWERS WAY |
7 Jun 2022 | £164,829 | £162,500 | FLAT 80 THE LANDMARK FLOWERS WAY |
31 Mar 2022 | £205,180 | £198,000 | FLAT 42 THE LANDMARK FLOWERS WAY |
20 Jan 2022 | £121,027 | £115,000 | FLAT 113 THE LANDMARK FLOWERS WAY |
9 Nov 2020 | £199,988 | £172,500 | FLAT 77 THE LANDMARK FLOWERS WAY |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 12 Apr 2016. Using an estimated price of £234,047 means this house is valued at £5,442 per sq meter (£505 per sq foot).
The average size of a house on FLOWERS WAY is 38 sq meters (411 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Awaiting court outcome | On or near Park Street West |
Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Park Street West |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Park Street West |
Mar 2024 | Public order | Awaiting court outcome | On or near Park Street West |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Park Street West |