1, OLD SCHOOL MEWS, CHORLEY, PR7 3JL - £165,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 OLD SCHOOL MEWS is a very small detached house of 81m², built sometime between 2003 and 2006. It was last sold for £165,000 in July 2022, which was around 49% below the average July 2022 detached price in the Chorley local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

1 OLD SCHOOL MEWS Sold Prices

Land registry data shows two sales for 1 OLD SCHOOL MEWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. Both of the two 1 OLD SCHOOL MEWS sales were 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
2022 29 JUL	£165,000	£320,907	49% below HPI
2008 15 JAN	£132,000	£244,449	46% below HPI

1 OLD SCHOOL MEWS 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 two 1 OLD SCHOOL MEWS sales from January 2008 and July 2022 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 January 2008 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2022 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 1 OLD SCHOOL MEWS?

1 OLD SCHOOL MEWS is 81m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 1 OLD SCHOOL MEWS lies on this distribution: 13% of detached houses are smaller than 1 OLD SCHOOL MEWS, and 86% of houses are larger. Note that EPC data is not available for all properties in Chorley.

1 OLD SCHOOL MEWS: Plot and Title Map

1 OLD SCHOOL MEWS sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 1 OLD SCHOOL MEWS, 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 OLD SCHOOL MEWS). 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 OLD SCHOOL MEWS?

1 OLD SCHOOL MEWS is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 1 on OLD SCHOOL MEWS.