10, TOWN LANE, CHARNOCK RICHARD, CHORLEY, PR7 5HP - £325,000

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.

10 TOWN LANE is a small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £377,160. It was last sold for £325,000 in December 2020, which was around 16% above the average December 2020 detached price in the Chorley local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

10 TOWN LANE Sold Prices

Land registry data shows two sales for 10 TOWN LANE 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 10 TOWN LANE 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
2020 16 DEC	£325,000	£279,746	16% above HPI
2002 14 JUN	£175,000	£113,832	54% above HPI

10 TOWN LANE 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 10 TOWN LANE sales from June 2002 and December 2020 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 June 2002 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the December 2020 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 10 TOWN LANE be worth now?

10 TOWN LANE might now be worth an estimated £377,160.

This is based on house price inflation of 16%, between December 2020 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 16% inflationary increase is applied to the most recent sale price for 10 TOWN LANE of £325,000 on 16th December 2020. For the value to have increased from £325,000 to £377,160 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 10 TOWN LANE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The December 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 10 TOWN LANE has not materially changed since December 2020.

How Large is 10 TOWN LANE?

10 TOWN LANE is 98m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% of detached houses houses in Coppull, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coppull, and where 10 TOWN LANE lies on this distribution: 34% of detached houses houses are smaller than 10 TOWN LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Coppull.

10 TOWN LANE: Plot and Title Map

10 TOWN LANE sits on a plot of roughly 704.7 acres, or 2,851,714m². The below map shows the location of 10 TOWN LANE, 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 10 TOWN LANE). 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 10 TOWN LANE?

10 TOWN LANE is located in CHARNOCK RICHARD, in the PR7 postcode district. The below map shows the position of No. 10 on TOWN LANE.