4, FLAG LANE, HEATH CHARNOCK, CHORLEY, PR6 9ED - £630,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 FLAG LANE is a very large extended detached house of 238m², built sometime between 1996 and 2002, which could now be worth an estimated £802,065. It was last sold for £630,000 in November 2019, which was around 143% above the average November 2019 detached price in the Chorley local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was C.

4 FLAG LANE Sold Prices

Land registry data shows two sales for 4 FLAG LANE 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 4 FLAG LANE 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
2019 8 NOV	£630,000	£258,972	143% above HPI
2002 25 JAN	£329,950	£102,386	222% above HPI

4 FLAG 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 two 4 FLAG LANE sales from January 2002 and November 2019 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 January 2002 sale was for 222% above the HPI. So the extrapolation line tracks at 222% above the HPI over time, until the November 2019 sale, where it falls to 143% above the HPI. The line then continues to track at 143% above the HPI.

What might 4 FLAG LANE be worth now?

4 FLAG LANE might now be worth an estimated £802,065.

This is based on house price inflation of 27.3%, between November 2019 and December 2024, 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 27.3% inflationary increase is applied to the most recent sale price for 4 FLAG LANE of £630,000 on 8th November 2019. For the value to have increased from £630,000 to £802,065 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of 4 FLAG LANE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The November 2019 sale price of £630,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FLAG LANE has not materially changed since November 2019.

How Large is 4 FLAG LANE?

4 FLAG LANE is 238m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 10% 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 4 FLAG LANE lies on this distribution: 98% of detached houses houses are smaller than 4 FLAG LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Chorley.

4 FLAG LANE: Plot and Title Map

4 FLAG LANE sits on a plot of roughly 0.221 of an acre, or 895m². The below map shows the location of 4 FLAG 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 4 FLAG 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 4 FLAG LANE?

4 FLAG LANE is located in HEATH CHARNOCK, in the PR6 postcode district. The below map shows the position of No. 4 on FLAG LANE.