50, REDWOOD DRIVE, CHORLEY, PR7 3BW - £285,000

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

50 REDWOOD DRIVE is a midsized detached house of 109m², built sometime between 2003 and 2006. It was last sold for £285,000 in February 2024, which was around 16% below the average February 2024 detached price in the Chorley local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

50 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 50 REDWOOD DRIVE 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 50 REDWOOD 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
2024 29 FEB	£285,000	£339,521	16% below HPI
2013 6 SEP	£175,000	£219,375	20% below HPI
2003 19 DEC	£164,050	£168,572	3% below HPI

50 REDWOOD 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 three 50 REDWOOD DRIVE sales between December 2003 and February 2024 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 September 2013 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 50 REDWOOD DRIVE?

50 REDWOOD DRIVE is 109m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 50 REDWOOD DRIVE lies on this distribution: 42% of detached houses are smaller than 50 REDWOOD DRIVE, and 56% of houses are larger. Note that EPC data is not available for all properties in Chorley.

50 REDWOOD DRIVE: Plot and Title Map

50 REDWOOD DRIVE sits on a plot of roughly 0.900 of an acre, or 3,640m². The below map shows the location of 50 REDWOOD 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 50 REDWOOD 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 50 REDWOOD DRIVE?

50 REDWOOD DRIVE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 50 on REDWOOD DRIVE.