17, MEREFIELD, CHORLEY, PR7 1UP - £575,000

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

17 MEREFIELD is a very large extended detached house of 227m², built sometime between 1967 and 1975. It was last sold for £575,000 in October 2022, which was around 72% above the average October 2022 detached price in the Chorley local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was C.

17 MEREFIELD Sold Prices

Land registry data shows four sales for 17 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 17 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
2022 14 OCT	£575,000	£335,053	72% above HPI
2020 27 NOV	£485,000	£289,027	68% above HPI
2015 16 JUL	£340,000	£236,243	44% above HPI
2001 30 AUG	£242,450	£106,511	128% above HPI

17 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 17 MEREFIELD sales between August 2001 and October 2022 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 2020 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the October 2022 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 17 MEREFIELD?

17 MEREFIELD is 227m², which includes two extensions, according to the EPC inspection conducted in January 2022. This puts it in the largest 10% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 17 MEREFIELD lies on this distribution: 98% of detached houses are smaller than 17 MEREFIELD, and 2% of houses are larger. Note that EPC data is not available for all properties in Chorley.

17 MEREFIELD: Plot and Title Map

17 MEREFIELD sits on a plot of roughly 0.241 of an acre, or 977m². The below map shows the location of 17 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 17 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 17 MEREFIELD?

17 MEREFIELD is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 17 on MEREFIELD.