16, MEREFIELD, CHORLEY, PR7 1UR - £479,600

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.

16 MEREFIELD is a very large detached house of 260m², built sometime between 1967 and 1975, which could now be worth an estimated £690,203. It was last sold for £479,600 in July 2015, which was around 113% above the average July 2015 detached price in the Chorley local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

16 MEREFIELD Sold Prices

Land registry data shows four sales for 16 MEREFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. All of the four 16 MEREFIELD 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
2015 30 JUL	£479,600	£225,584	113% above HPI
2011 10 NOV	£395,000	£208,268	90% above HPI
2003 10 JUL	£280,000	£148,430	89% above HPI
2001 31 MAY	£220,000	£95,238	131% above HPI

16 MEREFIELD 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 four 16 MEREFIELD sales between May 2001 and July 2015 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 November 2011 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the July 2015 sale, where it rises to 113% above the HPI. The line then continues to track at 113% above the HPI.

What might 16 MEREFIELD be worth now?

16 MEREFIELD might now be worth an estimated £690,203.

This is based on house price inflation of 43.9%, between July 2015 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 43.9% inflationary increase is applied to the most recent sale price for 16 MEREFIELD of £479,600 on 30th July 2015. For the value to have increased from £479,600 to £690,203 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of 16 MEREFIELD has moved in line with the HPI for detached houses in the Chorley local authority area.
• The July 2015 sale price of £479,600 represented a fair market value for the property.
• The size, condition, and specification of 16 MEREFIELD has not materially changed since July 2015.

How Large is 16 MEREFIELD?

16 MEREFIELD is 260m² according to the EPC inspection conducted in October 2013. This puts it in the largest 10% 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 MEREFIELD lies on this distribution: 99% of detached houses houses are smaller than 16 MEREFIELD, and 1% of houses are larger. Note that EPC data is not available for all properties in Chorley.

16 MEREFIELD: Plot and Title Map

16 MEREFIELD sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of 16 MEREFIELD, 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 MEREFIELD). 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 MEREFIELD?

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