£121,759
This estimated value is based upon the latest sale price for the house of £78,000 on 7 Sep 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £78,000 | 7 Sep 2007 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 September 2007 the House Price Index for GREATER MANCHESTER was 95.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.101%.Applying this 56.101% change to the original purchase price of £78,000 results in an estimated price of approximately £121,759.
| 7 Sep 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 148.6 | 56.101 % | £78,000 | £43,759 | £121,759 |
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 | 136.843 % | £106,737 | £184,737 |
| 3 Month Average | 62.550 % | £48,789 | £126,789 |
| 6 Month Average | 19.047 % | £14,856 | £92,856 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £121,554 | £120,000 | 455 ORMSKIRK ROAD |
| 22 Jun 2023 | £141,717 | £140,000 | 604 ORMSKIRK ROAD |
| 6 Apr 2023 | £78,344 | £77,500 | 15 LICHFIELD STREET |
| 24 Mar 2023 | £105,999 | £105,000 | 457 ORMSKIRK ROAD |
| 13 Jan 2023 | £173,184 | £174,000 | 511 ORMSKIRK ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 23 Oct 2013. Using an estimated price of £121,759 means this house is valued at £1,466 per sq meter (£136 per sq foot).
The average size of a house on THORBURN ROAD is 93 sq meters (1,001 sq feet).