12, OLD WOOD CLOSE, CHORLEY, PR7 2FZ - £240,000

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 OLD WOOD CLOSE is a very small detached house of 82m², built sometime between 2007 and 2011, which could now be worth an estimated £242,947. It was last sold for £240,000 in June 2024, which was around 25% below the average June 2024 detached price in the Chorley local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

12 OLD WOOD CLOSE Sold Prices

Land registry data shows two sales for 12 OLD WOOD CLOSE 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 12 OLD WOOD CLOSE 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
2024 21 JUN	£240,000	£320,705	25% below HPI
2010 29 JAN	£169,995	£205,719	17% below HPI

12 OLD 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 two 12 OLD WOOD CLOSE sales from January 2010 and June 2024 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 2010 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2024 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 12 OLD WOOD CLOSE be worth now?

12 OLD WOOD CLOSE might now be worth an estimated £242,947.

This is based on house price inflation of 1.2%, between June 2024 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 1.2% inflationary increase is applied to the most recent sale price for 12 OLD WOOD CLOSE of £240,000 on 21st June 2024. For the value to have increased from £240,000 to £242,947 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 12 OLD WOOD CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The June 2024 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 12 OLD WOOD CLOSE has not materially changed since June 2024.

How Large is 12 OLD WOOD CLOSE?

12 OLD WOOD CLOSE is 82m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 20% 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 OLD WOOD CLOSE lies on this distribution: 14% of detached houses houses are smaller than 12 OLD WOOD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Chorley.

12 OLD WOOD CLOSE: Plot and Title Map

12 OLD WOOD CLOSE sits on a plot of roughly 0.228 of an acre, or 923m². The below map shows the location of 12 OLD 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 OLD 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 OLD WOOD CLOSE?

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