8, BURGH LANE, CHORLEY, PR7 3NP - £340,000

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

8 BURGH LANE is a very small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £340,000 in June 2023, which was about the average June 2023 detached price in the Chorley local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was B.

8 BURGH LANE Sold Prices

Land registry data shows two sales for 8 BURGH LANE 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. One of the two 8 BURGH LANE sales was roughly equal to the average price, whilst the other was 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
2023 6 JUN	£340,000	£338,904	Close to HPI
2019 18 APR	£232,500	£262,012	11% below HPI

8 BURGH LANE 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 8 BURGH LANE sales from April 2019 and June 2023 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 2019 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 8 BURGH LANE?

8 BURGH LANE is 86m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 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 8 BURGH LANE lies on this distribution: 17% of detached houses are smaller than 8 BURGH LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Chorley.

8 BURGH LANE: Plot and Title Map

8 BURGH LANE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 8 BURGH LANE, 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 8 BURGH LANE). 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 8 BURGH LANE?

8 BURGH LANE is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 8 on BURGH LANE.