£105,671
This estimated value is based upon the latest sale price for the house of £77,000 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £77,000 | 22 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 sq feet |
This model uses changes in the Official Land Registry House Price Index for LANCASHIRE to estimate the market value.
When this house was purchased in January 2016 the House Price Index for LANCASHIRE was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £77,000 results in an estimated price of approximately £105,671.
| 22 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £77,000 | £28,671 | £105,671 |
The Postcode Pricing Model uses changes in average sales price within the WN8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 19.459 % | £14,983 | £91,983 |
| 3 Month Average | 14.565 % | £11,215 | £88,215 |
| 6 Month Average | 46.422 % | £35,744 | £112,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £182,331 | £180,000 | 288 ORMSKIRK ROAD |
| 5 Sep 2023 | £66,348 | £65,500 | 140 COLINTON |
| 13 Jan 2023 | £109,484 | £110,000 | 277 ORMSKIRK ROAD |
| 5 Aug 2022 | £143,613 | £144,000 | 36 CORNBROOK |
| 25 Jul 2022 | £119,321 | £119,000 | 269 ORMSKIRK ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 May 2015. Using an estimated price of £105,671 means this house is valued at £1,200 per sq meter (£111 per sq foot).
The average size of a house on CORNBROOK is 92 sq meters (993 sq feet).