24, THE OAKS, CHORLEY, PR7 3QT - £285,000

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.

24 THE OAKS is a very small extended detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £287,055. It was last sold for £285,000 in December 2022, which was around 12% below the average December 2022 detached price in the Chorley local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

24 THE OAKS Sold Prices

Land registry data shows two sales for 24 THE OAKS 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 24 THE OAKS 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
2022 12 DEC	£285,000	£322,319	12% below HPI
2015 5 JUN	£150,000	£221,145	32% below HPI

24 THE OAKS 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 24 THE OAKS sales from June 2015 and December 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 June 2015 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 24 THE OAKS be worth now?

24 THE OAKS might now be worth an estimated £287,055.

This is based on house price inflation of 0.7%, between December 2022 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 0.7% inflationary increase is applied to the most recent sale price for 24 THE OAKS of £285,000 on 12th December 2022. For the value to have increased from £285,000 to £287,055 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 24 THE OAKS has moved in line with the HPI for detached houses in the Chorley local authority area.
• The December 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 24 THE OAKS has not materially changed since December 2022.

How Large is 24 THE OAKS?

24 THE OAKS is 86m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% 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 24 THE OAKS lies on this distribution: 17% of detached houses houses are smaller than 24 THE OAKS, and 83% of houses are larger. Note that EPC data is not available for all properties in Chorley.

24 THE OAKS: Plot and Title Map

24 THE OAKS sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 24 THE OAKS, 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 24 THE OAKS). 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 24 THE OAKS?

24 THE OAKS is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 24 on THE OAKS.