16, OAKWOOD ROAD, CHORLEY, PR7 2HW - £306,000

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

16 OAKWOOD ROAD is a small detached house of 91m², built sometime between 1930 and 1949. It was last sold for £306,000 in January 2023, which was around 10% below the average January 2023 detached price in the Chorley local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

16 OAKWOOD ROAD Sold Prices

Land registry data shows two sales for 16 OAKWOOD ROAD 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 OAKWOOD ROAD 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
2023 20 JAN	£306,000	£338,767	10% below HPI
2020 15 APR	£185,000	£265,163	30% below HPI

16 OAKWOOD ROAD 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 OAKWOOD ROAD sales from April 2020 and January 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 April 2020 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 16 OAKWOOD ROAD?

16 OAKWOOD ROAD is 91m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 16 OAKWOOD ROAD lies on this distribution: 23% of detached houses are smaller than 16 OAKWOOD ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in Chorley.

16 OAKWOOD ROAD: Plot and Title Map

16 OAKWOOD ROAD sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 16 OAKWOOD ROAD, 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 OAKWOOD ROAD). 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 OAKWOOD ROAD?

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