245, SPENDMORE LANE, COPPULL, CHORLEY, PR7 5DF - £180,000

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

245 SPENDMORE LANE is a very small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £180,000 in May 2018, which was around 31% below the average May 2018 detached price in the Chorley local authority area. The most recent EPC inspection was June 2013, where the current energy rating was F, and the potential energy rating was C.

245 SPENDMORE LANE Sold Prices

Land registry data shows three sales for 245 SPENDMORE LANE 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 245 SPENDMORE LANE 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
2018 4 MAY	£180,000	£260,609	31% below HPI
2014 21 MAR	£137,000	£217,092	37% below HPI
1997 24 OCT	£76,000	£85,429	11% below HPI

245 SPENDMORE LANE 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 245 SPENDMORE LANE sales between October 1997 and May 2018 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 March 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 245 SPENDMORE LANE?

245 SPENDMORE LANE is 79m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses in Coppull, based on EPC data. The below chart shows the distribution of detached houses by size in Coppull, and where 245 SPENDMORE LANE lies on this distribution: 13% of detached houses are smaller than 245 SPENDMORE LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Coppull.

245 SPENDMORE LANE: Plot and Title Map

245 SPENDMORE LANE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 245 SPENDMORE 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 245 SPENDMORE 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 245 SPENDMORE LANE?

245 SPENDMORE LANE is located in COPPULL, in the PR7 postcode district. The below map shows the position of No. 245 on SPENDMORE LANE.