8, CHELWOOD CLOSE, BOLTON, BL1 7LN - £350,000

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.

8 CHELWOOD CLOSE is a midsized detached house of 114m², built sometime between 1983 and 1990, which could now be worth an estimated £454,927. It was last sold for £350,000 in February 2021, which was around 25% above the average February 2021 detached price in the Bolton local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

8 CHELWOOD CLOSE Sold Prices

Land registry data shows two sales for 8 CHELWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bolton local authority area for the corresponding sale date. Both of the two 8 CHELWOOD CLOSE 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
2021 15 FEB	£350,000	£278,946	25% above HPI
2015 2 APR	£241,000	£208,943	15% above HPI

8 CHELWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bolton local authority area over time, sourced from the HPI. The two 8 CHELWOOD CLOSE sales from April 2015 and February 2021 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 2015 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 8 CHELWOOD CLOSE be worth now?

8 CHELWOOD CLOSE might now be worth an estimated £454,927.

This is based on house price inflation of 30%, between February 2021 and February 2025, for detached houses, in the Bolton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 8 CHELWOOD CLOSE of £350,000 on 15th February 2021. For the value to have increased from £350,000 to £454,927 over the four years to February 2025, the following assumptions must hold true:

• The value of 8 CHELWOOD CLOSE has moved in line with the HPI for detached houses in the Bolton local authority area.
• The February 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHELWOOD CLOSE has not materially changed since February 2021.

How Large is 8 CHELWOOD CLOSE?

8 CHELWOOD CLOSE is 114m² according to the EPC inspection conducted in December 2014. This puts it in the largest 50% of detached houses houses in Bolton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bolton, and where 8 CHELWOOD CLOSE lies on this distribution: 49% of detached houses houses are smaller than 8 CHELWOOD CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Bolton.

8 CHELWOOD CLOSE: Plot and Title Map

8 CHELWOOD CLOSE sits on a plot of roughly 0.200 of an acre, or 811m². The below map shows the location of 8 CHELWOOD 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 8 CHELWOOD 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 8 CHELWOOD CLOSE?

8 CHELWOOD CLOSE is located in BOLTON, in the BL1 postcode district. The below map shows the position of No. 8 on CHELWOOD CLOSE.