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

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 REDWING DRIVE is a very small detached house of 75m², built sometime between 2003 and 2006, which could now be worth an estimated £243,801. It was last sold for £160,000 in June 2010, which was around 25% 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	£213,054	25% below HPI
2009 14 SEP	£180,000	£206,847	13% below HPI
2004 24 NOV	£175,000	£197,217	11% 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 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2010 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 REDWING DRIVE be worth now?

8 REDWING DRIVE might now be worth an estimated £243,801.

This is based on house price inflation of 52.4%, between June 2010 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 52.4% inflationary increase is applied to the most recent sale price for 8 REDWING DRIVE of £160,000 on 25th June 2010. For the value to have increased from £160,000 to £243,801 over the fifteen years and four months to February 2025, the following assumptions must hold true:

• The value of 8 REDWING DRIVE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The June 2010 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 8 REDWING DRIVE has not materially changed since June 2010.

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 houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorley, and where 8 REDWING DRIVE lies on this distribution: 8% of detached houses 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.