7, LODGE WOOD CLOSE, CHORLEY, PR7 2FL - £190,000

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.

7 LODGE WOOD CLOSE is a very small detached house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £251,933. It was last sold for £190,000 in November 2017, which was around 22% below the average November 2017 detached price in the Chorley local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

7 LODGE WOOD CLOSE Sold Prices

Land registry data shows three sales for 7 LODGE WOOD CLOSE 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 7 LODGE WOOD CLOSE 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
2017 24 NOV	£190,000	£244,836	22% below HPI
2005 5 AUG	£182,000	£204,303	11% below HPI
2003 26 JUN	£128,950	£143,317	10% below HPI

7 LODGE WOOD CLOSE 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 7 LODGE WOOD CLOSE sales between June 2003 and November 2017 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 August 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2017 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 7 LODGE WOOD CLOSE be worth now?

7 LODGE WOOD CLOSE might now be worth an estimated £251,933.

This is based on house price inflation of 32.6%, between November 2017 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 32.6% inflationary increase is applied to the most recent sale price for 7 LODGE WOOD CLOSE of £190,000 on 24th November 2017. For the value to have increased from £190,000 to £251,933 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 LODGE WOOD CLOSE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The November 2017 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LODGE WOOD CLOSE has not materially changed since November 2017.

How Large is 7 LODGE WOOD CLOSE?

7 LODGE WOOD CLOSE is 86m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% 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 7 LODGE WOOD CLOSE lies on this distribution: 17% of detached houses houses are smaller than 7 LODGE WOOD CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Chorley.

7 LODGE WOOD CLOSE: Plot and Title Map

7 LODGE WOOD CLOSE sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 7 LODGE WOOD CLOSE, 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 7 LODGE WOOD CLOSE). 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 7 LODGE WOOD CLOSE?

7 LODGE WOOD CLOSE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 7 on LODGE WOOD CLOSE.