1, PRESTON ROAD, CHORLEY, PR7 1PN - £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 PRESTON ROAD is a very small extended detached house of 87m², built sometime between 1930 and 1949. It was last sold for £165,000 in October 2016, which was around 34% below the average October 2016 detached price in the Chorley local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

1 PRESTON ROAD Sold Prices

Land registry data shows three sales for 1 PRESTON ROAD 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. All of the three 1 PRESTON ROAD 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
2016 28 OCT	£165,000	£251,405	34% below HPI
2014 6 MAR	£105,000	£217,092	52% below HPI
2000 21 DEC	£46,000	£98,964	54% below HPI

1 PRESTON ROAD 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 PRESTON ROAD sales between December 2000 and October 2016 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 March 2014 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the October 2016 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 1 PRESTON ROAD?

1 PRESTON ROAD is 87m², which includes one extension, according to the EPC inspection conducted in June 2016. 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 PRESTON ROAD lies on this distribution: 17% of detached houses are smaller than 1 PRESTON ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Chorley.

1 PRESTON ROAD: Plot and Title Map

1 PRESTON ROAD sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 1 PRESTON ROAD, 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 PRESTON ROAD). 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 PRESTON ROAD?

1 PRESTON ROAD is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 1 on PRESTON ROAD.