623, ORMSKIRK ROAD, WIGAN, WN5 8AG - £92,000

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.

623 ORMSKIRK ROAD is a very large extended terraced house of 110m², built sometime between 1900 and 1929, which could now be worth an estimated £164,170. It was last sold for £92,000 in October 2014, which was around 4% above the average October 2014 terraced price in the Wigan local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

623 ORMSKIRK ROAD Sold Prices

Land registry data shows two sales for 623 ORMSKIRK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Wigan local authority area for the corresponding sale date. Both of the two 623 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
2014 10 OCT	£92,000	£88,288	4% above HPI
2001 30 JUL	£51,600	£35,730	44% above HPI

623 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 two 623 ORMSKIRK ROAD sales from July 2001 and October 2014 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 July 2001 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the October 2014 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 623 ORMSKIRK ROAD be worth now?

623 ORMSKIRK ROAD might now be worth an estimated £164,170.

This is based on house price inflation of 78.4%, between October 2014 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 78.4% inflationary increase is applied to the most recent sale price for 623 ORMSKIRK ROAD of £92,000 on 10th October 2014. For the value to have increased from £92,000 to £164,170 over the twelve years and five months to May 2026, the following assumptions must hold true:

• The value of 623 ORMSKIRK ROAD has moved in line with the HPI for terraced houses in the Wigan local authority area.
• The October 2014 sale price of £92,000 represented a fair market value for the property.
• The size, condition, and specification of 623 ORMSKIRK ROAD has not materially changed since October 2014.

How Large is 623 ORMSKIRK ROAD?

623 ORMSKIRK ROAD is 110m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of terraced houses in Wigan, based on EPC data. The below chart shows the distribution of terraced houses by size in Wigan, and where 623 ORMSKIRK ROAD lies on this distribution: 91% of terraced houses are smaller than 623 ORMSKIRK ROAD, and 9% of terraced houses are larger. Note that EPC data is not available for all properties in Wigan.

Where is 623 ORMSKIRK ROAD?

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