2, GREAT WOOD CLOSE, CHORLEY, PR7 2FJ - £310,500

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.

2 GREAT WOOD CLOSE is a midsized detached house of 124m², built sometime between 2003 and 2006, which could now be worth an estimated £412,700. It was last sold for £310,500 in August 2017, which was around 27% above the average August 2017 detached price in the Chorley local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

2 GREAT WOOD CLOSE Sold Prices

Land registry data shows three sales for 2 GREAT WOOD CLOSE 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. All of the three 2 GREAT 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
2017 24 AUG	£310,500	£243,567	27% above HPI
2006 9 JUN	£263,000	£210,656	25% above HPI
2004 24 JUN	£238,950	£180,214	33% above HPI

2 GREAT WOOD CLOSE 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 2 GREAT WOOD CLOSE sales between June 2004 and August 2017 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 June 2006 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the August 2017 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 2 GREAT WOOD CLOSE be worth now?

2 GREAT WOOD CLOSE might now be worth an estimated £412,700.

This is based on house price inflation of 32.9%, between August 2017 and March 2025, for detached 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 32.9% inflationary increase is applied to the most recent sale price for 2 GREAT WOOD CLOSE of £310,500 on 24th August 2017. For the value to have increased from £310,500 to £412,700 over the eight years and five months to March 2025, the following assumptions must hold true:

• The value of 2 GREAT WOOD CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2017 sale price of £310,500 represented a fair market value for the property.
• The size, condition, and specification of 2 GREAT WOOD CLOSE has not materially changed since August 2017.

How Large is 2 GREAT WOOD CLOSE?

2 GREAT WOOD CLOSE is 124m² according to the EPC inspection conducted in January 2017. This puts it in the largest 40% of detached houses houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorley, and where 2 GREAT WOOD CLOSE lies on this distribution: 60% of detached houses houses are smaller than 2 GREAT WOOD CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Chorley.

2 GREAT WOOD CLOSE: Plot and Title Map

2 GREAT WOOD CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 GREAT 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 2 GREAT 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 2 GREAT WOOD CLOSE?

2 GREAT WOOD CLOSE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 2 on GREAT WOOD CLOSE.