55, CHAPEL LANE, BANKS, SOUTHPORT, PR9 8EY - £110,000

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

55 CHAPEL LANE is a very small extended detached house of 71m², built sometime between 1900 and 1929. It was last sold for £110,000 in April 2014, which was around 54% below the average April 2014 detached price in the West Lancashire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

55 CHAPEL LANE Sold Prices

Land registry data shows two sales for 55 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two 55 CHAPEL LANE 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 11 APR	£110,000	£239,789	54% below HPI
2007 5 MAR	£135,000	£253,563	47% below HPI

55 CHAPEL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 55 CHAPEL LANE sales from March 2007 and April 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 March 2007 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the April 2014 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 55 CHAPEL LANE?

55 CHAPEL LANE is 71m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses in Banks, based on EPC data. The below chart shows the distribution of detached houses by size in Banks, and where 55 CHAPEL LANE lies on this distribution: 4% of detached houses are smaller than 55 CHAPEL LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Banks.

55 CHAPEL LANE: Plot and Title Map

55 CHAPEL LANE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 55 CHAPEL 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 55 CHAPEL 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 55 CHAPEL LANE?

55 CHAPEL LANE is located in BANKS, in the PR9 postcode district. The below map shows the position of No. 55 on CHAPEL LANE.