16, REDWOOD DRIVE, CHORLEY, PR7 3BW - £261,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 REDWOOD DRIVE is a large detached house of 137m², built sometime between 1996 and 2002. It was last sold for £261,000 in February 2020, which was around 2% below the average February 2020 detached price in the Chorley local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

16 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 16 REDWOOD DRIVE 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. Two of the three 16 REDWOOD DRIVE sales were for below the average price, whilst one was 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
2020 28 FEB	£261,000	£265,742	2% below HPI
2019 26 APR	£255,000	£262,012	3% below HPI
2002 5 JUL	£166,300	£124,613	33% above HPI

16 REDWOOD DRIVE 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 16 REDWOOD DRIVE sales between July 2002 and February 2020 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 2019 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 16 REDWOOD DRIVE?

16 REDWOOD DRIVE is 137m² according to the EPC inspection conducted in November 2010. This puts it in the largest 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 REDWOOD DRIVE lies on this distribution: 74% of detached houses are smaller than 16 REDWOOD DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Chorley.

16 REDWOOD DRIVE: Plot and Title Map

16 REDWOOD DRIVE sits on a plot of roughly 0.471 of an acre, or 1,908m². The below map shows the location of 16 REDWOOD DRIVE, 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 REDWOOD DRIVE). 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 REDWOOD DRIVE?

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