£95,827
This estimated value is based upon the latest sale price for the house of £40,000 on 16 Apr 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £40,000 | 16 Apr 2003 |
| Terraced |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 April 2003 the House Price Index for GREATER MANCHESTER was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £40,000 results in an estimated price of approximately £95,827.
| 16 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £40,000 | £55,827 | £95,827 |
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 | 366.571 % | £146,628 | £186,628 |
| 3 Month Average | 192.246 % | £76,898 | £116,898 |
| 6 Month Average | 121.278 % | £48,511 | £88,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £116,030 | £114,000 | 25 HOWARD STREET |
| 29 Sep 2023 | £96,230 | £95,000 | 119 NORMANBY STREET |
| 25 Sep 2023 | £89,140 | £88,000 | 5 LEADER STREET |
| 18 Aug 2023 | £91,299 | £90,500 | 9 LEADER STREET |
| 22 Jun 2023 | £50,613 | £50,000 | UNIT 2 MAJOR STREET |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 23 Apr 2018. Using an estimated price of £95,827 means this house is valued at £1,294 per sq meter (£120 per sq foot).
The average size of a house on ORMSKIRK ROAD is 97 sq meters (1,052 sq feet).