Values have been changing and have risen £816 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,309 in last 6 months, £12,589 in last 1 year, £20,215 in last 2 years, £22,904 in last 3 years, £21,574 in last 4 years and £20,092 in last 5 years.
Currently average asking price of a property in Hockwell Ring, Luton, LU4 is around £224,124 based on approximately 3 properties for sale. Same is the case with rental options based on 77 properties up for rent, average asking rent is around £1,021 per month.
Estimated property value in Hockwell Ring, Luton, LU4 is £158,930. Average asking price is £224,124 while average price paid is £146,666 which is up by £12,589 and Avg. asking rent £1,021.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 Hockwell Ring, Luton, LU4 area. In last 1 year alone average price buyer paid is around £146,666 based on approximately 3 sales in Hockwell Ring, Luton, LU4 area alone. If you compare it to last 3 years sales of 7 properties where buyers paid around £123,642. 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 £125,590 for 11 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £123,653 per sale.