16, ELMWOOD, CHORLEY, PR7 1UX - £340,000

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

16 ELMWOOD is a midsized detached house of 120m², built sometime between 1976 and 1982. It was last sold for £340,000 in March 2024, which was around 4% above the average March 2024 detached price in the Chorley local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

16 ELMWOOD Sold Prices

Land registry data shows two sales for 16 ELMWOOD 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 16 ELMWOOD 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
2024 18 MAR	£340,000	£327,273	4% above HPI
2005 15 FEB	£220,000	£205,449	7% above HPI

16 ELMWOOD 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 16 ELMWOOD sales from February 2005 and March 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 February 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2024 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 16 ELMWOOD be worth now?

16 ELMWOOD might now be worth an estimated £342,523.

This is based on house price inflation of 0.7%, between March 2024 and December 2024, 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 0.7% inflationary increase is applied to the most recent sale price for 16 ELMWOOD of £340,000 on 18th March 2024. For the value to have increased from £340,000 to £342,523 over the three months to December 2024, the following assumptions must hold true:

• The value of 16 ELMWOOD has moved in line with the HPI for detached houses in the Chorley local authority area.
• The March 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ELMWOOD has not materially changed since March 2024.

How Large is 16 ELMWOOD?

16 ELMWOOD is 120m² according to the EPC inspection conducted in September 2023. This puts it in the largest 50% 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 16 ELMWOOD lies on this distribution: 55% of detached houses houses are smaller than 16 ELMWOOD, and 44% of houses are larger. Note that EPC data is not available for all properties in Chorley.

16 ELMWOOD: Plot and Title Map

16 ELMWOOD sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 16 ELMWOOD, 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 16 ELMWOOD). 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 16 ELMWOOD?

16 ELMWOOD is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 16 on ELMWOOD.