8, CRANBOURNE DRIVE, CHORLEY, PR6 0LJ - £247,500

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

8 CRANBOURNE DRIVE is a very small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £258,941. It was last sold for £247,500 in September 2022, which was around 21% below the average September 2022 detached price in the Chorley local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was B.

8 CRANBOURNE DRIVE Sold Prices

Land registry data shows three sales for 8 CRANBOURNE DRIVE 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 8 CRANBOURNE DRIVE 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
2022 23 SEP	£247,500	£315,135	21% below HPI
2005 23 MAR	£159,000	£204,010	22% below HPI
2004 17 MAR	£108,000	£167,899	36% below HPI

8 CRANBOURNE DRIVE 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 8 CRANBOURNE DRIVE sales between March 2004 and September 2022 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 March 2005 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 8 CRANBOURNE DRIVE be worth now?

8 CRANBOURNE DRIVE might now be worth an estimated £258,941.

This is based on house price inflation of 4.6%, between September 2022 and December 2024, 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 4.6% inflationary increase is applied to the most recent sale price for 8 CRANBOURNE DRIVE of £247,500 on 23rd September 2022. For the value to have increased from £247,500 to £258,941 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 8 CRANBOURNE DRIVE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The September 2022 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CRANBOURNE DRIVE has not materially changed since September 2022.

How Large is 8 CRANBOURNE DRIVE?

8 CRANBOURNE DRIVE is 83m² according to the EPC inspection conducted in June 2022. 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 8 CRANBOURNE DRIVE lies on this distribution: 14% of detached houses houses are smaller than 8 CRANBOURNE DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Chorley.

8 CRANBOURNE DRIVE: Plot and Title Map

8 CRANBOURNE DRIVE sits on a plot of roughly 0.314 of an acre, or 1,271m². The below map shows the location of 8 CRANBOURNE 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 8 CRANBOURNE 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 8 CRANBOURNE DRIVE?

8 CRANBOURNE DRIVE is located in CHORLEY, in the PR6 postcode district. The below map shows the position of No. 8 on CRANBOURNE DRIVE.