18, OLD WOOD CLOSE, CHORLEY, PR7 2FZ - £185,000

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.

18 OLD WOOD CLOSE is a very small extended terraced house of 73m², built sometime between 2007 and 2011, which could now be worth an estimated £205,145. It was last sold for £185,000 in July 2022, which was around 23% above the average July 2022 terraced price in the Chorley local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

18 OLD WOOD CLOSE Sold Prices

Land registry data shows three sales for 18 OLD WOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the three 18 OLD WOOD CLOSE 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 29 JUL	£185,000	£150,441	23% above HPI
2017 30 NOV	£158,000	£117,192	35% above HPI
2010 19 MAR	£149,995	£103,456	45% above HPI

18 OLD WOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chorley local authority area over time, sourced from the HPI. The three 18 OLD WOOD CLOSE sales between March 2010 and July 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 2017 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the July 2022 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 18 OLD WOOD CLOSE be worth now?

18 OLD WOOD CLOSE might now be worth an estimated £205,145.

This is based on house price inflation of 10.9%, between July 2022 and July 2025, for terraced 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 10.9% inflationary increase is applied to the most recent sale price for 18 OLD WOOD CLOSE of £185,000 on 29th July 2022. For the value to have increased from £185,000 to £205,145 over the three years to July 2025, the following assumptions must hold true:

• The value of 18 OLD WOOD CLOSE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The July 2022 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 18 OLD WOOD CLOSE has not materially changed since July 2022.

How Large is 18 OLD WOOD CLOSE?

18 OLD WOOD CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of terraced houses houses in Chorley, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chorley, and where 18 OLD WOOD CLOSE lies on this distribution: 6% of terraced houses houses are smaller than 18 OLD WOOD CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Chorley.

18 OLD WOOD CLOSE: Plot and Title Map

18 OLD WOOD CLOSE sits on a plot of roughly 0.228 of an acre, or 923m². The below map shows the location of 18 OLD WOOD CLOSE, 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 18 OLD WOOD CLOSE). 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 18 OLD WOOD CLOSE?

18 OLD WOOD CLOSE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 18 on OLD WOOD CLOSE.