15, RIDLEY LANE, MAWDESLEY, ORMSKIRK, L40 2RF - £765,000

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

15 RIDLEY LANE is a very small extended detached house of 84m², built sometime before 1900. It was last sold for £765,000 in November 2023, which was around 122% above the average November 2023 detached price in the Chorley local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

15 RIDLEY LANE Sold Prices

Land registry data shows three sales for 15 RIDLEY 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 15 RIDLEY 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
2023 8 NOV	£765,000	£344,866	122% above HPI
2021 2 MAR	£240,000	£287,982	17% below HPI
2003 29 OCT	£140,000	£162,116	14% below HPI

15 RIDLEY 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 15 RIDLEY LANE sales between October 2003 and November 2023 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 2021 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2023 sale, where it rises to 122% above the HPI. The line then continues to track at 122% above the HPI.

How Large is 15 RIDLEY LANE?

15 RIDLEY LANE is 84m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Towngate, based on EPC data. The below chart shows the distribution of detached houses by size in Towngate, and where 15 RIDLEY LANE lies on this distribution: 6% of detached houses are smaller than 15 RIDLEY LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Towngate.

15 RIDLEY LANE: Plot and Title Map

15 RIDLEY LANE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 15 RIDLEY 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 15 RIDLEY 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 15 RIDLEY LANE?

15 RIDLEY LANE is located in MAWDESLEY, in the L40 postcode district. The below map shows the position of No. 15 on RIDLEY LANE.