12, BURGH LANE, CHORLEY, PR7 3NP - £295,000

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

12 BURGH LANE is a small extended detached house of 104m², built sometime between 1967 and 1975. It was last sold for £295,000 in December 2017, which was around 13% above the average December 2017 detached price in the Chorley local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

12 BURGH LANE Sold Prices

Land registry data shows three sales for 12 BURGH LANE 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. One of the three 12 BURGH LANE sales was for above the average price, whilst two 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
2017 1 DEC	£295,000	£260,289	13% above HPI
2014 22 DEC	£192,000	£231,460	17% below HPI
2001 30 NOV	£95,000	£110,905	14% below HPI

12 BURGH 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 three 12 BURGH LANE sales between November 2001 and December 2017 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 December 2014 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2017 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 12 BURGH LANE?

12 BURGH LANE is 104m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 40% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 12 BURGH LANE lies on this distribution: 38% of detached houses are smaller than 12 BURGH LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Chorley.

12 BURGH LANE: Plot and Title Map

12 BURGH LANE sits on a plot of roughly 0.125 of an acre, or 507m². The below map shows the location of 12 BURGH 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 12 BURGH 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 12 BURGH LANE?

12 BURGH LANE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 12 on BURGH LANE.