5, FLAG LANE, HEATH CHARNOCK, CHORLEY, PR6 9ED - £465,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 FLAG LANE is a very large extended detached house of 147m², built sometime between 1996 and 2002, which could now be worth an estimated £675,369. It was last sold for £465,000 in August 2007, which was around 105% above the average August 2007 detached price in the Chorley local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

5 FLAG LANE Sold Prices

Land registry data shows three sales for 5 FLAG 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. All of the three 5 FLAG LANE 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
2007 17 AUG	£465,000	£227,004	105% above HPI
2006 7 DEC	£500,000	£221,617	126% above HPI
2001 5 OCT	£249,950	£105,730	136% above HPI

5 FLAG 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 5 FLAG LANE sales between October 2001 and August 2007 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 2006 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the August 2007 sale, where it falls to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 5 FLAG LANE be worth now?

5 FLAG LANE might now be worth an estimated £675,369.

This is based on house price inflation of 45.2%, between August 2007 and December 2024, 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 45.2% inflationary increase is applied to the most recent sale price for 5 FLAG LANE of £465,000 on 17th August 2007. For the value to have increased from £465,000 to £675,369 over the sixteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 FLAG LANE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2007 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FLAG LANE has not materially changed since August 2007.

How Large is 5 FLAG LANE?

5 FLAG LANE is 147m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorley, and where 5 FLAG LANE lies on this distribution: 81% of detached houses houses are smaller than 5 FLAG LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Chorley.

5 FLAG LANE: Plot and Title Map

5 FLAG LANE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 5 FLAG 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 5 FLAG 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 5 FLAG LANE?

5 FLAG LANE is located in HEATH CHARNOCK, in the PR6 postcode district. The below map shows the position of No. 5 on FLAG LANE.