56, NEW MILL STREET, ECCLESTON, CHORLEY, PR7 5FT - £337,500

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.

56 NEW MILL STREET is a midsized detached house of 130m², which could now be worth an estimated £422,100. It was last sold for £337,500 in February 2019, which was around 30% above the average February 2019 detached price in the Chorley local authority area. The most recent EPC inspection was February 2016, where the current energy rating was B, and the potential energy rating was A.

56 NEW MILL STREET Sold Prices

Land registry data shows two sales for 56 NEW MILL STREET 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 56 NEW MILL STREET 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
2019 15 FEB	£337,500	£259,576	30% above HPI
2016 26 FEB	£310,995	£229,834	35% above HPI

56 NEW MILL STREET 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 56 NEW MILL STREET sales from February 2016 and February 2019 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 February 2016 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the February 2019 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 56 NEW MILL STREET be worth now?

56 NEW MILL STREET might now be worth an estimated £422,100.

This is based on house price inflation of 25.1%, between February 2019 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 25.1% inflationary increase is applied to the most recent sale price for 56 NEW MILL STREET of £337,500 on 15th February 2019. For the value to have increased from £337,500 to £422,100 over the six years to February 2025, the following assumptions must hold true:

• The value of 56 NEW MILL STREET has moved in line with the HPI for detached houses in the Chorley local authority area.
• The February 2019 sale price of £337,500 represented a fair market value for the property.
• The size, condition, and specification of 56 NEW MILL STREET has not materially changed since February 2019.

How Large is 56 NEW MILL STREET?

56 NEW MILL STREET is 130m² according to the EPC inspection conducted in February 2016. This puts it in the largest 50% of detached houses houses in Eccleston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eccleston, and where 56 NEW MILL STREET lies on this distribution: 56% of detached houses houses are smaller than 56 NEW MILL STREET, and 41% of houses are larger. Note that EPC data is not available for all properties in Eccleston.

56 NEW MILL STREET: Plot and Title Map

56 NEW MILL STREET sits on a plot of roughly 656.6 acres, or 2,657,018m². The below map shows the location of 56 NEW MILL STREET, 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 56 NEW MILL STREET). 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 56 NEW MILL STREET?

56 NEW MILL STREET is located in ECCLESTON, in the PR7 postcode district. The below map shows the position of No. 56 on NEW MILL STREET.