12, LODGE WOOD CLOSE, CHORLEY, PR7 2FL - £245,000

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.

12 LODGE WOOD CLOSE is a large detached house of 125m², built sometime between 2003 and 2006, which could now be worth an estimated £380,233. It was last sold for £245,000 in March 2013, which was around 17% above the average March 2013 detached price in the Chorley local authority area. The most recent EPC inspection was January 2010, where the current energy rating was C, and the potential energy rating was C.

12 LODGE WOOD CLOSE Sold Prices

Land registry data shows three sales for 12 LODGE 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. All of the three 12 LODGE WOOD CLOSE 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
2013 22 MAR	£245,000	£209,181	17% above HPI
2007 30 NOV	£282,500	£231,622	22% above HPI
2003 17 JUN	£186,950	£143,317	30% above HPI

12 LODGE 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 12 LODGE WOOD CLOSE sales between June 2003 and March 2013 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 November 2007 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2013 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 12 LODGE WOOD CLOSE be worth now?

12 LODGE WOOD CLOSE might now be worth an estimated £380,233.

This is based on house price inflation of 55.2%, between March 2013 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 55.2% inflationary increase is applied to the most recent sale price for 12 LODGE WOOD CLOSE of £245,000 on 22nd March 2013. For the value to have increased from £245,000 to £380,233 over the twelve years and one month to February 2025, the following assumptions must hold true:

• The value of 12 LODGE WOOD CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The March 2013 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LODGE WOOD CLOSE has not materially changed since March 2013.

How Large is 12 LODGE WOOD CLOSE?

12 LODGE WOOD CLOSE is 125m² according to the EPC inspection conducted in January 2010. This puts it in the largest 40% 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 12 LODGE WOOD CLOSE lies on this distribution: 62% of detached houses houses are smaller than 12 LODGE WOOD CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Chorley.

12 LODGE WOOD CLOSE: Plot and Title Map

12 LODGE WOOD CLOSE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 12 LODGE 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 12 LODGE 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 12 LODGE WOOD CLOSE?

12 LODGE WOOD CLOSE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 12 on LODGE WOOD CLOSE.