331, ORMSKIRK ROAD, WIGAN, WN5 9DL - £120,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

331 ORMSKIRK ROAD is a very large terraced house of 105m², built sometime between 1900 and 1929, which could now be worth an estimated £163,039. It was last sold for £120,000 in February 2021, which was around 3% above the average February 2021 terraced price in the Wigan local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

331 ORMSKIRK ROAD Sold Prices

Land registry data shows five sales for 331 ORMSKIRK ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Wigan local authority area for the corresponding sale date. Most of the five 331 ORMSKIRK ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 5 FEB	£120,000	£115,957	3% above HPI
2008 8 FEB	£116,000	£98,413	18% above HPI
2003 9 MAY	£54,000	£49,679	9% above HPI
2001 16 NOV	£50,000	£37,214	34% above HPI
2001 7 SEP	£23,000	£36,564	37% below HPI

331 ORMSKIRK ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The five 331 ORMSKIRK ROAD sales between September 2001 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2008 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 331 ORMSKIRK ROAD be worth now?

331 ORMSKIRK ROAD might now be worth an estimated £163,039.

This is based on house price inflation of 35.9%, between February 2021 and May 2026, for terraced houses, in the Wigan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.9% inflationary increase is applied to the most recent sale price for 331 ORMSKIRK ROAD of £120,000 on 5th February 2021. For the value to have increased from £120,000 to £163,039 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 331 ORMSKIRK ROAD has moved in line with the HPI for terraced houses in the Wigan local authority area.
• The February 2021 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 331 ORMSKIRK ROAD has not materially changed since February 2021.

How Large is 331 ORMSKIRK ROAD?

331 ORMSKIRK ROAD is 105m² according to the EPC inspection conducted in July 2018. This puts it in the largest 20% of terraced houses in Wigan, based on EPC data. The below chart shows the distribution of terraced houses by size in Wigan, and where 331 ORMSKIRK ROAD lies on this distribution: 87% of terraced houses are smaller than 331 ORMSKIRK ROAD, and 12% of terraced houses are larger. Note that EPC data is not available for all properties in Wigan.

Where is 331 ORMSKIRK ROAD?

331 ORMSKIRK ROAD is located in WIGAN, in the WN5 postcode district.