Values have been changing and have risen £513 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,211 in last 6 months, £11,924 in last 1 year, £20,156 in last 2 years, £24,863 in last 3 years, £19,168 in last 4 years and £20,403 in last 5 years.
Currently average asking price of a property in Russell Rise, Luton, LU1 is around £268,524 based on approximately 4 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 Russell Rise, Luton, LU1 is £161,024. Average asking price is £268,524 while average price paid is £158,375 which is up by £11,924 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 Russell Rise, Luton, LU1 area. In last 1 year alone average price buyer paid is around £158,375 based on approximately 4 sales in Russell Rise, Luton, LU1 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £138,589. 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 £137,388 for 18 and average amount paid for purchase of approx. 30 properties sold in last 7 years comes to about £142,233 per sale.