28, MELROSE WAY, CHORLEY, PR7 3EX - £230,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 MELROSE WAY is a very small detached house of 84m², built sometime between 1930 and 1949. It was last sold for £230,000 in February 2021, which was around 21% below the average February 2021 detached price in the Chorley local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

28 MELROSE WAY Sold Prices

Land registry data shows two sales for 28 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 28 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
2021 15 FEB	£230,000	£289,737	21% below HPI
2019 18 APR	£187,500	£262,012	28% below HPI

28 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 28 MELROSE WAY sales from April 2019 and February 2021 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 April 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2021 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 28 MELROSE WAY?

28 MELROSE WAY is 84m² according to the EPC inspection conducted in April 2017. 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 28 MELROSE WAY lies on this distribution: 16% of detached houses are smaller than 28 MELROSE WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Chorley.

28 MELROSE WAY: Plot and Title Map

28 MELROSE WAY sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of 28 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 28 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 28 MELROSE WAY?

28 MELROSE WAY is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 28 on MELROSE WAY.