Values have been changing and have risen £407 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,753 in last 6 months, £9,449 in last 1 year, £15,973 in last 2 years, £19,702 in last 3 years, £15,192 in last 4 years and £16,173 in last 5 years.
Currently average asking price of a property in Somersby Close, 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 Somersby Close, Luton, LU1 is £127,049. Average asking price is £268,524 while average price paid is £112,125 which is up by £9,449 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 Somersby Close, Luton, LU1 area. In last 1 year alone average price buyer paid is around £112,125 based on approximately 4 sales in Somersby Close, Luton, LU1 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £117,083. 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 £114,800 for 10 and average amount paid for purchase of approx. 14 properties sold in last 7 years comes to about £110,071 per sale.