62, REDWOOD DRIVE, CHORLEY, PR7 3BW - £148,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

62 REDWOOD DRIVE is a small semi-detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £225,977. It was last sold for £148,500 in July 2008, which was around 12% above the average July 2008 semi-detached price in the Chorley local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

62 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 62 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Chorley local authority area for the corresponding sale date. All of the three 62 REDWOOD DRIVE 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
2008 24 JUL	£148,500	£132,496	12% above HPI
2006 28 APR	£154,000	£127,265	21% above HPI
2003 26 SEP	£107,400	£91,005	18% above HPI

62 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Chorley local authority area over time, sourced from the HPI. The three 62 REDWOOD DRIVE sales between September 2003 and July 2008 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 April 2006 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2008 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 62 REDWOOD DRIVE be worth now?

62 REDWOOD DRIVE might now be worth an estimated £225,977.

This is based on house price inflation of 52.2%, between July 2008 and February 2025, for semi-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 52.2% inflationary increase is applied to the most recent sale price for 62 REDWOOD DRIVE of £148,500 on 24th July 2008. For the value to have increased from £148,500 to £225,977 over the seventeen years and five months to February 2025, the following assumptions must hold true:

• The value of 62 REDWOOD DRIVE has moved in line with the HPI for semi-detached houses in the Chorley local authority area.
• The July 2008 sale price of £148,500 represented a fair market value for the property.
• The size, condition, and specification of 62 REDWOOD DRIVE has not materially changed since July 2008.

How Large is 62 REDWOOD DRIVE?

62 REDWOOD DRIVE is 90m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% of semi-detached houses houses in Chorley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chorley, and where 62 REDWOOD DRIVE lies on this distribution: 21% of semi-detached houses houses are smaller than 62 REDWOOD DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Chorley.

62 REDWOOD DRIVE: Plot and Title Map

62 REDWOOD DRIVE sits on a plot of roughly 0.899 of an acre, or 3,640m². The below map shows the location of 62 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 62 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 62 REDWOOD DRIVE?

62 REDWOOD DRIVE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 62 on REDWOOD DRIVE.