7, MEREFIELD, CHORLEY, PR7 1UP - £372,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 MEREFIELD is a very large detached house of 165m², built sometime between 1967 and 1975. It was last sold for £372,500 in July 2018, which was around 42% above the average July 2018 detached price in the Chorley local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

7 MEREFIELD Sold Prices

Land registry data shows two sales for 7 MEREFIELD 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 7 MEREFIELD 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
2018 23 JUL	£372,500	£262,127	42% above HPI
2000 24 MAY	£175,000	£94,360	85% above HPI

7 MEREFIELD 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 7 MEREFIELD sales from May 2000 and July 2018 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 May 2000 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the July 2018 sale, where it falls to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 7 MEREFIELD?

7 MEREFIELD is 165m² according to the EPC inspection conducted in March 2018. This puts it in the largest 20% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where 7 MEREFIELD lies on this distribution: 89% of detached houses are smaller than 7 MEREFIELD, and 10% of houses are larger. Note that EPC data is not available for all properties in Chorley.

7 MEREFIELD: Plot and Title Map

7 MEREFIELD sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of 7 MEREFIELD, 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 MEREFIELD). 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 MEREFIELD?

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