22, MELROSE WAY, CHORLEY, PR7 3EX - £260,000

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

22 MELROSE WAY is a very small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £260,000 in November 2020, which was around 10% below the average November 2020 detached price in the Chorley local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was B.

22 MELROSE WAY Sold Prices

Land registry data shows two sales for 22 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 22 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
2020 27 NOV	£260,000	£289,027	10% below HPI
2018 14 DEC	£225,000	£269,409	16% below HPI

22 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 22 MELROSE WAY sales from December 2018 and November 2020 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 December 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 22 MELROSE WAY?

22 MELROSE WAY is 79m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 22 MELROSE WAY lies on this distribution: 12% of detached houses are smaller than 22 MELROSE WAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Chorley.

22 MELROSE WAY: Plot and Title Map

22 MELROSE WAY sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 22 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 22 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 22 MELROSE WAY?

22 MELROSE WAY is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 22 on MELROSE WAY.