8, REDWING DRIVE, CHORLEY, PR7 2RH - £160,000

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 REDWING DRIVE is a very small detached house of 75m², built sometime between 2003 and 2006. It was last sold for £160,000 in June 2010, which was around 28% below the average June 2010 detached price in the Chorley local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

8 REDWING DRIVE Sold Prices

Land registry data shows three sales for 8 REDWING 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 REDWING 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
2010 25 JUN	£160,000	£223,120	28% below HPI
2009 14 SEP	£180,000	£216,620	17% below HPI
2004 24 NOV	£175,000	£206,535	15% below HPI

8 REDWING 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 REDWING DRIVE sales between November 2004 and June 2010 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 September 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2010 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 8 REDWING DRIVE?

8 REDWING DRIVE is 75m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 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 REDWING DRIVE lies on this distribution: 8% of detached houses are smaller than 8 REDWING DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Chorley.

8 REDWING DRIVE: Plot and Title Map

8 REDWING DRIVE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 8 REDWING 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 REDWING 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 REDWING DRIVE?

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