£7,355,700
This estimated value is based upon the latest sale price for the house of £4,950,000 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for LUTON 1
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Victory House, Chobham Street, Luton, LU1 3BS
Phone: 01582944003
| Price Paid | Date |
|---|---|
| £4,950,000 | 16 Jan 2015 |
| Leasehold |
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 January 2015 the House Price Index for LUTON was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £4,950,000 results in an estimated price of approximately £7,355,700.
| 16 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £4,950,000 | £2,405,700 | £7,355,700 |
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 | 62.540 % | £3,095,707 | £8,045,707 |
| 3 Month Average | 29.102 % | £1,440,527 | £6,390,527 |
| 6 Month Average | 47.596 % | £2,356,015 | £7,306,015 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £569,986 | £565,000 | 101 ARMSTRONG ROAD |
| 21 Jul 2023 | £319,297 | £315,000 | 96 DEVON ROAD |
| 14 Jul 2023 | £359,843 | £355,000 | 138 DEVON ROAD |
| 8 Mar 2023 | £209,474 | £207,500 | FLAT 49 BROOKLANDS COURT STIRLING DRIVE |
| 15 Feb 2023 | £359,758 | £360,000 | 140 DEVON ROAD |