48, FAIRVIEW DRIVE, ADLINGTON, CHORLEY, PR6 9ST - £255,000

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

48 FAIRVIEW DRIVE is a very small detached house of 89m², built sometime between 1996 and 2002. It was last sold for £255,000 in February 2023, which was around 24% below the average February 2023 detached price in the Chorley local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

48 FAIRVIEW DRIVE Sold Prices

Land registry data shows two sales for 48 FAIRVIEW DRIVE 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 48 FAIRVIEW 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
2023 24 FEB	£255,000	£333,670	24% below HPI
2004 22 OCT	£168,995	£201,364	16% below HPI

48 FAIRVIEW 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 two 48 FAIRVIEW DRIVE sales from October 2004 and February 2023 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 October 2004 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 48 FAIRVIEW DRIVE?

48 FAIRVIEW DRIVE is 89m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Adlington, based on EPC data. The below chart shows the distribution of detached houses by size in Adlington, and where 48 FAIRVIEW DRIVE lies on this distribution: 18% of detached houses are smaller than 48 FAIRVIEW DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Adlington.

48 FAIRVIEW DRIVE: Plot and Title Map

48 FAIRVIEW DRIVE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 48 FAIRVIEW 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 48 FAIRVIEW 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 48 FAIRVIEW DRIVE?

48 FAIRVIEW DRIVE is located in ADLINGTON, in the PR6 postcode district. The below map shows the position of No. 48 on FAIRVIEW DRIVE.