12, REDWOOD DRIVE, CHORLEY, PR7 3BW - £229,000

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 REDWOOD DRIVE is a large extended detached house of 129m², built sometime between 1996 and 2002, which could now be worth an estimated £299,113. It was last sold for £229,000 in December 2017, which was around 8% below the average December 2017 detached price in the Chorley local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

12 REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 12 REDWOOD DRIVE 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. One of the two 12 REDWOOD DRIVE sales was for below the average price, whilst the other was 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
2017 19 DEC	£229,000	£248,546	8% below HPI
2004 7 APR	£187,500	£167,652	12% above HPI

12 REDWOOD DRIVE 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 REDWOOD DRIVE sales from April 2004 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 April 2004 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the December 2017 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 REDWOOD DRIVE be worth now?

12 REDWOOD DRIVE might now be worth an estimated £299,113.

This is based on house price inflation of 30.6%, between December 2017 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 30.6% inflationary increase is applied to the most recent sale price for 12 REDWOOD DRIVE of £229,000 on 19th December 2017. For the value to have increased from £229,000 to £299,113 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of 12 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The December 2017 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of 12 REDWOOD DRIVE has not materially changed since December 2017.

How Large is 12 REDWOOD DRIVE?

12 REDWOOD DRIVE is 129m², which includes one extension, according to the EPC inspection conducted in May 2012. 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 REDWOOD DRIVE lies on this distribution: 66% of detached houses houses are smaller than 12 REDWOOD DRIVE, and 33% of houses are larger. Note that EPC data is not available for all properties in Chorley.

12 REDWOOD DRIVE: Plot and Title Map

12 REDWOOD DRIVE sits on a plot of roughly 0.471 of an acre, or 1,908m². The below map shows the location of 12 REDWOOD DRIVE, 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 REDWOOD DRIVE). 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 REDWOOD DRIVE?

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