14, MERLIN CLOSE, HEAPEY, CHORLEY, PR6 9BB - £192,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

14 MERLIN CLOSE is a very small detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £299,786. It was last sold for £192,500 in March 2010, which was around 8% below the average March 2010 detached price in the Chorley local authority area. The most recent EPC inspection was November 2009, where the current energy rating was E, and the potential energy rating was D.

14 MERLIN CLOSE Sold Prices

Land registry data shows five sales for 14 MERLIN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. All of the five 14 MERLIN 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
2010 22 MAR	£192,500	£208,461	8% below HPI
2007 30 MAR	£196,000	£218,314	10% below HPI
2002 23 AUG	£119,000	£122,964	3% below HPI
1999 17 SEP	£81,000	£86,900	7% below HPI
1996 25 SEP	£77,950	£79,604	2% below HPI

14 MERLIN 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 five 14 MERLIN CLOSE sales between September 1996 and March 2010 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 March 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2010 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 14 MERLIN CLOSE be worth now?

14 MERLIN CLOSE might now be worth an estimated £299,786.

This is based on house price inflation of 55.7%, between March 2010 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 55.7% inflationary increase is applied to the most recent sale price for 14 MERLIN CLOSE of £192,500 on 22nd March 2010. For the value to have increased from £192,500 to £299,786 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 14 MERLIN CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The March 2010 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 14 MERLIN CLOSE has not materially changed since March 2010.

How Large is 14 MERLIN CLOSE?

14 MERLIN CLOSE is 78m² according to the EPC inspection conducted in November 2009. 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 14 MERLIN CLOSE lies on this distribution: 12% of detached houses houses are smaller than 14 MERLIN CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Chorley.

14 MERLIN CLOSE: Plot and Title Map

14 MERLIN CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 14 MERLIN 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 14 MERLIN 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 14 MERLIN CLOSE?

14 MERLIN CLOSE is located in HEAPEY, in the PR6 postcode district. The below map shows the position of No. 14 on MERLIN CLOSE.