5, OLD WOOD CLOSE, CHORLEY, PR7 2FZ - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 OLD WOOD CLOSE is a very small detached house of 83m², built sometime between 2007 and 2011, which could now be worth an estimated £255,814. It was last sold for £170,000 in August 2014, which was around 21% below the average August 2014 detached price in the Chorley local authority area. The most recent EPC inspection was February 2024, where the current energy rating was B, and the potential energy rating was A.

5 OLD WOOD CLOSE Sold Prices

Land registry data shows two sales for 5 OLD WOOD CLOSE 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 5 OLD WOOD CLOSE 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
2014 18 AUG	£170,000	£215,740	21% below HPI
2009 19 JUN	£167,000	£213,867	22% below HPI

5 OLD WOOD CLOSE 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 5 OLD WOOD CLOSE sales from June 2009 and August 2014 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 June 2009 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2014 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 5 OLD WOOD CLOSE be worth now?

5 OLD WOOD CLOSE might now be worth an estimated £255,814.

This is based on house price inflation of 50.5%, between August 2014 and February 2025, 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 50.5% inflationary increase is applied to the most recent sale price for 5 OLD WOOD CLOSE of £170,000 on 18th August 2014. For the value to have increased from £170,000 to £255,814 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 5 OLD WOOD CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2014 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OLD WOOD CLOSE has not materially changed since August 2014.

How Large is 5 OLD WOOD CLOSE?

5 OLD WOOD CLOSE is 83m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 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 OLD WOOD CLOSE lies on this distribution: 14% of detached houses houses are smaller than 5 OLD WOOD CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chorley.

5 OLD WOOD CLOSE: Plot and Title Map

5 OLD WOOD CLOSE sits on a plot of roughly 0.574 of an acre, or 2,323m². The below map shows the location of 5 OLD WOOD CLOSE, 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 OLD WOOD CLOSE). 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 OLD WOOD CLOSE?

5 OLD WOOD CLOSE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 5 on OLD WOOD CLOSE.