47, MELROSE WAY, CHORLEY, PR7 3EX - £365,000

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

47 MELROSE WAY is a very large detached house of 187m², built sometime between 1976 and 1982. It was last sold for £365,000 in September 2021, which was around 20% above the average September 2021 detached price in the Chorley local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

47 MELROSE WAY Sold Prices

Land registry data shows two sales for 47 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 47 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
2021 24 SEP	£365,000	£304,920	20% above HPI
2004 16 DEC	£285,000	£208,469	37% above HPI

47 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 47 MELROSE WAY sales from December 2004 and September 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 2004 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the September 2021 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 47 MELROSE WAY?

47 MELROSE WAY is 187m² according to the EPC inspection conducted in August 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 47 MELROSE WAY lies on this distribution: 95% of detached houses are smaller than 47 MELROSE WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Chorley.

47 MELROSE WAY: Plot and Title Map

47 MELROSE WAY sits on a plot of roughly 0.189 of an acre, or 765m². The below map shows the location of 47 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 47 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 47 MELROSE WAY?

47 MELROSE WAY is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 47 on MELROSE WAY.