£114,888
This estimated value is based upon the latest sale price for the house of £93,000 on 17 Jan 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £93,000 | 17 Jan 2019 |
| Terraced |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 January 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £93,000 results in an estimated price of approximately £114,888.
| 17 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £93,000 | £21,888 | £114,888 |
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 | 208.378 % | £193,791 | £286,791 |
| 3 Month Average | 56.766 % | £52,792 | £145,792 |
| 6 Month Average | 17.248 % | £16,040 | £109,040 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £242 | £240 | 287A ORMSKIRK ROAD |
| 8 Aug 2023 | £110,971 | £110,000 | 251 ORMSKIRK ROAD |
| 13 Jul 2023 | £169,785 | £167,500 | UNIT 1 PIONEER INDUSTRIAL ESTATE ORMSKIRK ROAD |
| 21 Apr 2023 | £141,524 | £140,000 | 7 MANOR STREET |
| 3 Mar 2023 | £121,141 | £120,000 | 5 ALKER STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 26 Jul 2014. Using an estimated price of £114,888 means this house is valued at £1,492 per sq meter (£138 per sq foot).
The average size of a house on MITCHELL STREET is 97 sq meters (1,049 sq feet).