45, MELROSE WAY, CHORLEY, PR7 3EX - £254,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

45 MELROSE WAY is a very large extended detached house of 184m², built sometime between 1967 and 1975. It was last sold for £254,000 in August 2015, which was around 8% above the average August 2015 detached price in the Chorley local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

45 MELROSE WAY Sold Prices

Land registry data shows two sales for 45 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 45 MELROSE WAY 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
2015 21 AUG	£254,000	£236,124	8% above HPI
1998 15 MAY	£128,000	£86,996	47% above HPI

45 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 45 MELROSE WAY sales from May 1998 and August 2015 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 May 1998 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the August 2015 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 45 MELROSE WAY?

45 MELROSE WAY is 184m², which includes one extension, according to the EPC inspection conducted in May 2015. 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 45 MELROSE WAY lies on this distribution: 95% of detached houses are smaller than 45 MELROSE WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Chorley.

45 MELROSE WAY: Plot and Title Map

45 MELROSE WAY sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of 45 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 45 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 45 MELROSE WAY?

45 MELROSE WAY is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 45 on MELROSE WAY.