4, SMITHY LANE, MAWDESLEY, ORMSKIRK, L40 2QQ - £575,000

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.

4 SMITHY LANE is a very large detached house of 217m², which could now be worth an estimated £736,248. It was last sold for £575,000 in May 2019, which was around 127% above the average May 2019 detached price in the Chorley local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was B.

4 SMITHY LANE Sold Prices

Land registry data shows three sales for 4 SMITHY 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. Two of the three 4 SMITHY LANE sales were for above the average price, whilst one was 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
2019 17 MAY	£575,000	£253,542	127% above HPI
2016 18 AUG	£220,000	£234,593	6% below HPI
2010 30 APR	£215,000	£211,128	2% above HPI

4 SMITHY 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 4 SMITHY LANE sales between April 2010 and May 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 August 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2019 sale, where it rises to 127% above the HPI. The line then continues to track at 127% above the HPI.

What might 4 SMITHY LANE be worth now?

4 SMITHY LANE might now be worth an estimated £736,248.

This is based on house price inflation of 28%, between May 2019 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 28% inflationary increase is applied to the most recent sale price for 4 SMITHY LANE of £575,000 on 17th May 2019. For the value to have increased from £575,000 to £736,248 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 4 SMITHY LANE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The May 2019 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SMITHY LANE has not materially changed since May 2019.

How Large is 4 SMITHY LANE?

4 SMITHY LANE is 217m² according to the EPC inspection conducted in December 2018. This puts it in the largest 10% of detached houses houses in Mawdesley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mawdesley, and where 4 SMITHY LANE lies on this distribution: 94% of detached houses houses are smaller than 4 SMITHY LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Mawdesley.

4 SMITHY LANE: Plot and Title Map

4 SMITHY LANE sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of 4 SMITHY 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 SMITHY 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 SMITHY LANE?

4 SMITHY LANE is located in MAWDESLEY, in the L40 postcode district. The below map shows the position of No. 4 on SMITHY LANE.