8, HIGH BANK, HEAPEY, CHORLEY, PR6 9AY - £407,500

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 HIGH BANK is a very large extended detached house of 167m², built sometime between 1991 and 1995, which could now be worth an estimated £503,389. It was last sold for £407,500 in August 2019, which was around 55% above the average August 2019 detached price in the Chorley local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was C.

8 HIGH BANK Sold Prices

Land registry data shows four sales for 8 HIGH BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. All of the four 8 HIGH BANK 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
2019 28 AUG	£407,500	£262,803	55% above HPI
2007 30 AUG	£340,000	£227,004	50% above HPI
2002 27 SEP	£215,000	£123,378	74% above HPI
1998 11 JUN	£151,450	£84,908	78% above HPI

8 HIGH BANK 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 four 8 HIGH BANK sales between June 1998 and August 2019 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 August 2007 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the August 2019 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might 8 HIGH BANK be worth now?

8 HIGH BANK might now be worth an estimated £503,389.

This is based on house price inflation of 23.5%, between August 2019 and February 2025, 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 23.5% inflationary increase is applied to the most recent sale price for 8 HIGH BANK of £407,500 on 28th August 2019. For the value to have increased from £407,500 to £503,389 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 8 HIGH BANK has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2019 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of 8 HIGH BANK has not materially changed since August 2019.

How Large is 8 HIGH BANK?

8 HIGH BANK is 167m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 10% 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 HIGH BANK lies on this distribution: 90% of detached houses houses are smaller than 8 HIGH BANK, and 10% of houses are larger. Note that EPC data is not available for all properties in Chorley.

8 HIGH BANK: Plot and Title Map

8 HIGH BANK sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of 8 HIGH BANK, 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 HIGH BANK). 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 HIGH BANK?

8 HIGH BANK is located in HEAPEY, in the PR6 postcode district. The below map shows the position of No. 8 on HIGH BANK.