£459,276
This estimated value is based upon the latest sale price for the house of £342,000 on 27 May 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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960 CAPABILITY GREEN, LUTON, WD3 9ST
Phone: 01582955990
| Price Paid | Date |
|---|---|
| £342,000 | 27 May 2016 |
| £230,000 | 2 Feb 2007 |
| £183,495 | 12 Apr 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in May 2016 the House Price Index for GREATER LONDON was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £342,000 results in an estimated price of approximately £459,276.
| 27 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £342,000 | £117,276 | £459,276 |
The Postcode Pricing Model uses changes in average sales price within the WD3 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 | 31.805 % | £108,773 | £450,773 |
| 3 Month Average | 9.726 % | £33,264 | £375,264 |
| 6 Month Average | 16.959 % | £58,001 | £400,001 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £335,877 | £330,000 | 30 THE WILLOWS |
| 8 Aug 2023 | £428,751 | £425,000 | 15 THE WILLOWS |
| 31 Jul 2023 | £466,276 | £460,000 | 13 THE WILLOWS |
| 5 Jul 2023 | £278,752 | £275,000 | 12 COLNE MEAD |
| 31 Mar 2023 | £378,567 | £375,000 | 262 UXBRIDGE ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 4 May 2018. Using an estimated price of £459,277 means this house is valued at £6,958 per sq meter (£646 per sq foot).
The average size of a house on SPRINGWELL LANE is 82 sq meters (890 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Willows |