Values have been changing and have risen £554 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,789 in last 6 months, £11,712 in last 1 year, £17,240 in last 2 years, £21,451 in last 3 years, £19,080 in last 4 years and £18,566 in last 5 years.
Currently average asking price of a property in Spencer Road, Luton, LU3 is around £245,911 based on approximately 4 properties for sale. Same is the case with rental options based on 105 properties up for rent, average asking rent is around £934 per month.
Estimated property value in Spencer Road, Luton, LU3 is £146,309. Average asking price is £245,911 while average price paid is £120,000 which is up by £11,712 and Avg. asking rent £934.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 Spencer Road, Luton, LU3 area. In last 1 year alone average price buyer paid is around £120,000 based on approximately 4 sales in Spencer Road, Luton, LU3 area alone. If you compare it to last 3 years sales of 11 properties where buyers paid around £114,181. 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 £114,527 for 18 and average amount paid for purchase of approx. 24 properties sold in last 7 years comes to about £120,354 per sale.