8, REDWOOD DRIVE, CHORLEY, PR7 3BW - £190,000

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 REDWOOD DRIVE is a midsized extended detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £296,018. It was last sold for £190,000 in June 2014, which was around 9% below the average June 2014 detached price in the Chorley local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

8 REDWOOD DRIVE Sold Prices

Land registry data shows four sales for 8 REDWOOD DRIVE 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. Most of the four 8 REDWOOD 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
2014 18 JUN	£190,000	£208,373	9% below HPI
2013 13 SEP	£190,000	£209,477	9% below HPI
2005 30 SEP	£165,000	£205,162	20% below HPI
2003 26 SEP	£166,500	£154,179	8% above HPI

8 REDWOOD 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 four 8 REDWOOD DRIVE sales between September 2003 and June 2014 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 2013 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2014 sale, which was also at 9% below the HPI.

What might 8 REDWOOD DRIVE be worth now?

8 REDWOOD DRIVE might now be worth an estimated £296,018.

This is based on house price inflation of 55.8%, between June 2014 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 55.8% inflationary increase is applied to the most recent sale price for 8 REDWOOD DRIVE of £190,000 on 18th June 2014. For the value to have increased from £190,000 to £296,018 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 8 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The June 2014 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 8 REDWOOD DRIVE has not materially changed since June 2014.

How Large is 8 REDWOOD DRIVE?

8 REDWOOD DRIVE is 113m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% 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 REDWOOD DRIVE lies on this distribution: 46% of detached houses houses are smaller than 8 REDWOOD DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Chorley.

8 REDWOOD DRIVE: Plot and Title Map

8 REDWOOD DRIVE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 8 REDWOOD 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 REDWOOD 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 REDWOOD DRIVE?

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