1, ALMA WOOD CLOSE, CHORLEY, PR7 2FR - £190,000

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.

1 ALMA WOOD CLOSE is a very large detached house of 175m², built sometime between 2003 and 2006, which could now be worth an estimated £273,570. It was last sold for £190,000 in August 2015, which was around 16% below the average August 2015 detached price in the Chorley local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

1 ALMA WOOD CLOSE Sold Prices

Land registry data shows three sales for 1 ALMA WOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. Two of the three 1 ALMA WOOD CLOSE sales were for below the average price, whilst one was 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
2015 20 AUG	£190,000	£225,471	16% below HPI
2006 25 AUG	£187,000	£215,865	13% below HPI
2005 24 JUN	£201,950	£199,631	1% above HPI

1 ALMA WOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chorley local authority area over time, sourced from the HPI. The three 1 ALMA WOOD CLOSE sales between June 2005 and August 2015 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 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 1 ALMA WOOD CLOSE be worth now?

1 ALMA WOOD CLOSE might now be worth an estimated £273,570.

This is based on house price inflation of 44%, between August 2015 and February 2025, for detached houses, in the Chorley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44% inflationary increase is applied to the most recent sale price for 1 ALMA WOOD CLOSE of £190,000 on 20th August 2015. For the value to have increased from £190,000 to £273,570 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 1 ALMA WOOD CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2015 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ALMA WOOD CLOSE has not materially changed since August 2015.

How Large is 1 ALMA WOOD CLOSE?

1 ALMA WOOD CLOSE is 175m² according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of detached houses houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorley, and where 1 ALMA WOOD CLOSE lies on this distribution: 93% of detached houses houses are smaller than 1 ALMA WOOD CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Chorley.

1 ALMA WOOD CLOSE: Plot and Title Map

1 ALMA WOOD CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 1 ALMA WOOD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ALMA WOOD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ALMA WOOD CLOSE?

1 ALMA WOOD CLOSE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 1 on ALMA WOOD CLOSE.