20, MELROSE WAY, CHORLEY, PR7 3EX - £217,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

20 MELROSE WAY is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £308,368. It was last sold for £217,000 in October 2015, which was around 5% below the average October 2015 detached price in the Chorley local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was D.

20 MELROSE WAY Sold Prices

Land registry data shows two sales for 20 MELROSE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. Both of the two 20 MELROSE WAY sales were for below 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
2015 8 OCT	£217,000	£228,453	5% below HPI
2011 25 NOV	£180,000	£208,268	14% below HPI

20 MELROSE WAY 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 two 20 MELROSE WAY sales from November 2011 and October 2015 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 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2015 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 20 MELROSE WAY be worth now?

20 MELROSE WAY might now be worth an estimated £308,368.

This is based on house price inflation of 42.1%, between October 2015 and February 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 42.1% inflationary increase is applied to the most recent sale price for 20 MELROSE WAY of £217,000 on 8th October 2015. For the value to have increased from £217,000 to £308,368 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 20 MELROSE WAY has moved in line with the HPI for detached houses in the Chorley local authority area.
• The October 2015 sale price of £217,000 represented a fair market value for the property.
• The size, condition, and specification of 20 MELROSE WAY has not materially changed since October 2015.

How Large is 20 MELROSE WAY?

20 MELROSE WAY is 74m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 10% 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 20 MELROSE WAY lies on this distribution: 7% of detached houses houses are smaller than 20 MELROSE WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Chorley.

20 MELROSE WAY: Plot and Title Map

20 MELROSE WAY sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 20 MELROSE WAY, 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 20 MELROSE WAY). 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 20 MELROSE WAY?

20 MELROSE WAY is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 20 on MELROSE WAY.