194, CHAPEL LANE, NEW LONGTON, PRESTON, PR4 4AE - £425,000

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

194 CHAPEL LANE is a large extended detached house of 141m², built sometime between 1976 and 1982. It was last sold for £425,000 in October 2022, which was around 34% above the average October 2022 detached price in the South Ribble local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

194 CHAPEL LANE Sold Prices

Land registry data shows two sales for 194 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 194 CHAPEL LANE 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 21 OCT	£425,000	£316,361	34% above HPI
2004 28 SEP	£322,000	£203,569	58% above HPI

194 CHAPEL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 194 CHAPEL LANE sales from September 2004 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 September 2004 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the October 2022 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 194 CHAPEL LANE?

194 CHAPEL LANE is 141m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 40% of detached houses in Longton, based on EPC data. The below chart shows the distribution of detached houses by size in Longton, and where 194 CHAPEL LANE lies on this distribution: 60% of detached houses are smaller than 194 CHAPEL LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Longton.

194 CHAPEL LANE: Plot and Title Map

194 CHAPEL LANE sits on a plot of roughly 0.219 of an acre, or 888m². The below map shows the location of 194 CHAPEL LANE, 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 194 CHAPEL LANE). 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 194 CHAPEL LANE?

194 CHAPEL LANE is located in NEW LONGTON, in the PR4 postcode district. The below map shows the position of No. 194 on CHAPEL LANE.