84, SPRING ROAD, ORRELL, WIGAN, WN5 8QB - £150,000

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.

84 SPRING ROAD is a large extended terraced house of 93m², built sometime between 1930 and 1949, which could now be worth an estimated £234,562. It was last sold for £150,000 in August 2018, which was around 49% above the average August 2018 terraced price in the Wigan local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

84 SPRING ROAD Sold Prices

Land registry data shows three sales for 84 SPRING ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Wigan local authority area for the corresponding sale date. Two of the three 84 SPRING ROAD sales were for above the average price, whilst one was for below 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
2018 24 AUG	£150,000	£100,749	49% above HPI
2015 21 AUG	£130,995	£89,133	47% above HPI
2007 20 JUL	£90,000	£99,908	10% below HPI

84 SPRING 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 three 84 SPRING ROAD sales between July 2007 and August 2018 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 August 2015 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the August 2018 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 84 SPRING ROAD be worth now?

84 SPRING ROAD might now be worth an estimated £234,562.

This is based on house price inflation of 56.4%, between August 2018 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 56.4% inflationary increase is applied to the most recent sale price for 84 SPRING ROAD of £150,000 on 24th August 2018. For the value to have increased from £150,000 to £234,562 over the eight years and three months to May 2026, the following assumptions must hold true:

• The value of 84 SPRING ROAD has moved in line with the HPI for terraced houses in the Wigan local authority area.
• The August 2018 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 84 SPRING ROAD has not materially changed since August 2018.

How Large is 84 SPRING ROAD?

84 SPRING ROAD is 93m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 30% of terraced houses in Orrell, based on EPC data. The below chart shows the distribution of terraced houses by size in Orrell, and where 84 SPRING ROAD lies on this distribution: 79% of terraced houses are smaller than 84 SPRING ROAD, and 21% of terraced houses are larger. Note that EPC data is not available for all properties in Orrell.

Where is 84 SPRING ROAD?

84 SPRING ROAD is located in ORRELL, in the WN5 postcode district.