£90,815
This estimated value is based upon the latest sale price for the house of £28,000 on 5 Oct 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £28,000 | 5 Oct 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in October 2001 the House Price Index for GREATER MANCHESTER was 45.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 224.341%.Applying this 224.341% change to the original purchase price of £28,000 results in an estimated price of approximately £90,815.
| 5 Oct 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 148.6 | 224.341 % | £28,000 | £62,815 | £90,815 |
The Postcode Pricing Model uses changes in average sales price within the WN5 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 | 495.367 % | £138,702 | £166,702 |
| 3 Month Average | 292.777 % | £81,977 | £109,977 |
| 6 Month Average | 186.125 % | £52,114 | £80,114 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Aug 2023 | £139,218 | £138,000 | 5 CALDER PLACE |
| 21 Jul 2023 | £124,678 | £123,000 | 32 SEVERN DRIVE |
| 13 Jan 2023 | £173,184 | £174,000 | 511 ORMSKIRK ROAD |
| 13 May 2022 | £122,305 | £120,000 | 11 IRWELL PLACE |
| 14 Apr 2022 | £164,768 | £160,000 | 549 ORMSKIRK ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 7 Dec 2016. Using an estimated price of £90,816 means this house is valued at £1,107 per sq meter (£102 per sq foot).
The average size of a house on THORBURN ROAD is 93 sq meters (1,001 sq feet).