42, REDWOOD DRIVE, CHORLEY, PR7 3BW - £212,000

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

42 REDWOOD DRIVE is a small detached house of 102m², built sometime between 2003 and 2006. It was last sold for £212,000 in January 2021, which was around 27% below the average January 2021 detached price in the Chorley local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

42 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 42 REDWOOD DRIVE 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 42 REDWOOD DRIVE 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 21 JAN	£212,000	£290,018	27% below HPI
2011 1 DEC	£175,000	£217,936	20% below HPI
2003 28 MAR	£126,000	£139,051	9% below HPI

42 REDWOOD DRIVE 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 42 REDWOOD DRIVE sales between March 2003 and January 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 December 2011 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 42 REDWOOD DRIVE?

42 REDWOOD DRIVE is 102m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 40% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 42 REDWOOD DRIVE lies on this distribution: 34% of detached houses are smaller than 42 REDWOOD DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Chorley.

42 REDWOOD DRIVE: Plot and Title Map

42 REDWOOD DRIVE sits on a plot of roughly 0.900 of an acre, or 3,640m². The below map shows the location of 42 REDWOOD DRIVE, 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 42 REDWOOD DRIVE). 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 42 REDWOOD DRIVE?

42 REDWOOD DRIVE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 42 on REDWOOD DRIVE.