Values have been changing and have risen £432 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,865 in last 6 months, £10,061 in last 1 year, £17,007 in last 2 years, £20,979 in last 3 years, £16,175 in last 4 years and £17,219 in last 5 years.
Currently average asking price of a property in Newcombe Road, Luton, LU1 is around £268,524 based on approximately 3 properties for sale. Same is the case with rental options based on 243 properties up for rent, average asking rent is around £1,371 per month.
Estimated property value in Newcombe Road, Luton, LU1 is £144,959. Average asking price is £268,524 while average price paid is £129,833 which is up by £10,061 and Avg. asking rent £1,371.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Newcombe Road, Luton, LU1 area. In last 1 year alone average price buyer paid is around £129,833 based on approximately 3 sales in Newcombe Road, Luton, LU1 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £129,833. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £120,866 for 6 and average amount paid for purchase of approx. 10 properties sold in last 7 years comes to about £125,920 per sale.