38, MEREFIELD, CHORLEY, PR7 1UR - £490,000

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

38 MEREFIELD is a very large detached house of 189m², built sometime between 1976 and 1982. It was last sold for £490,000 in November 2020, which was around 70% above the average November 2020 detached price in the Chorley local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

38 MEREFIELD Sold Prices

Land registry data shows two sales for 38 MEREFIELD 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 38 MEREFIELD sales were for above 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 20 NOV	£490,000	£289,027	70% above HPI
1996 15 NOV	£156,000	£82,094	90% above HPI

38 MEREFIELD 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 38 MEREFIELD sales from November 1996 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 November 1996 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the November 2020 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 38 MEREFIELD?

38 MEREFIELD is 189m² according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 38 MEREFIELD lies on this distribution: 95% of detached houses are smaller than 38 MEREFIELD, and 5% of houses are larger. Note that EPC data is not available for all properties in Chorley.

38 MEREFIELD: Plot and Title Map

38 MEREFIELD sits on a plot of roughly 0.192 of an acre, or 778m². The below map shows the location of 38 MEREFIELD, 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 38 MEREFIELD). 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 38 MEREFIELD?

38 MEREFIELD is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 38 on MEREFIELD.