58, REDWOOD DRIVE, CHORLEY, PR7 3BW - £236,000

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.

58 REDWOOD DRIVE is a small detached house of 106m², built sometime between 2003 and 2006, which could now be worth an estimated £301,932. It was last sold for £236,000 in February 2020, which was around 7% below the average February 2020 detached price in the Chorley local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

58 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 58 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. Two of the three 58 REDWOOD DRIVE sales were for below the average price, whilst one was 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
2020 21 FEB	£236,000	£253,752	7% below HPI
2006 6 JAN	£185,000	£200,499	8% below HPI
2003 24 OCT	£164,050	£154,801	6% above HPI

58 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 58 REDWOOD DRIVE sales between October 2003 and February 2020 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 January 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 58 REDWOOD DRIVE be worth now?

58 REDWOOD DRIVE might now be worth an estimated £301,932.

This is based on house price inflation of 27.9%, between February 2020 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 27.9% inflationary increase is applied to the most recent sale price for 58 REDWOOD DRIVE of £236,000 on 21st February 2020. For the value to have increased from £236,000 to £301,932 over the five years to February 2025, the following assumptions must hold true:

• The value of 58 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The February 2020 sale price of £236,000 represented a fair market value for the property.
• The size, condition, and specification of 58 REDWOOD DRIVE has not materially changed since February 2020.

How Large is 58 REDWOOD DRIVE?

58 REDWOOD DRIVE is 106m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 40% 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 58 REDWOOD DRIVE lies on this distribution: 39% of detached houses houses are smaller than 58 REDWOOD DRIVE, and 60% of houses are larger. Note that EPC data is not available for all properties in Chorley.

58 REDWOOD DRIVE: Plot and Title Map

58 REDWOOD DRIVE sits on a plot of roughly 0.899 of an acre, or 3,640m². The below map shows the location of 58 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 58 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 58 REDWOOD DRIVE?

58 REDWOOD DRIVE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 58 on REDWOOD DRIVE.