£97,452
This estimated value is based upon the latest sale price for the house of £80,000 on 1 Jul 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £80,000 | 1 Jul 2020 |
| £44,950 | 19 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 July 2020 the House Price Index for LANCASHIRE was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £80,000 results in an estimated price of approximately £97,452.
| 1 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £80,000 | £17,452 | £97,452 |
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 | 251.695 % | £201,356 | £281,356 |
| 3 Month Average | 20.708 % | £16,566 | £96,566 |
| 6 Month Average | 19.263 % | £15,410 | £95,410 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £76,534 | £75,000 | 67 NIXONS LANE |
| 12 Apr 2023 | £101,906 | £100,000 | 174 MARTINS LANE |
| 2 Feb 2023 | £151,009 | £150,000 | UNIT 1 TALBOT COURT ORMSKIRK ROAD |
| 30 Jun 2022 | £130,285 | £127,500 | 317 ORMSKIRK ROAD |
| 21 Jan 2022 | £126,164 | £119,000 | 242C ORMSKIRK ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 6 Jul 2012. Using an estimated price of £97,452 means this house is valued at £1,334 per sq meter (£124 per sq foot).
The average size of a house on ORMSKIRK ROAD is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Whitstone Drive |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Whitstone Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Martins Lane |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Martins Lane |
| Aug 2024 | Anti-social behaviour | On or near Nixons Lane |