8, FLAG LANE, HEATH CHARNOCK, CHORLEY, PR6 9ED - £490,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 FLAG LANE is a very large extended detached house of 189m², built sometime between 1996 and 2002. It was last sold for £490,000 in March 2021, which was around 70% above the average March 2021 detached price in the Chorley local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was C.

8 FLAG LANE Sold Prices

Land registry data shows two sales for 8 FLAG 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. Both of the two 8 FLAG LANE 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 12 MAR	£490,000	£287,982	70% above HPI
2002 21 JUN	£319,950	£119,210	168% above HPI

8 FLAG 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 FLAG LANE sales from June 2002 and March 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 June 2002 sale was for 168% above the HPI. So the extrapolation line tracks at 168% above the HPI over time, until the March 2021 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 8 FLAG LANE?

8 FLAG LANE is 189m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 10% 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 FLAG LANE lies on this distribution: 95% of detached houses are smaller than 8 FLAG LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Chorley.

8 FLAG LANE: Plot and Title Map

8 FLAG LANE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 8 FLAG 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 FLAG 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 FLAG LANE?

8 FLAG LANE is located in HEATH CHARNOCK, in the PR6 postcode district. The below map shows the position of No. 8 on FLAG LANE.