BACK LANE FARM, BACK DRINKHOUSE LANE, CROSTON, LEYLAND, PR26 9JL - £923,200

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.

BACK LANE FARM is a very large extended detached house of 301m², built sometime before 1900, which could now be worth an estimated £929,683. It was last sold for £923,200 in September 2023, which was around 186% above the average September 2023 detached price in the Chorley local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

BACK LANE FARM Sold Prices

Land registry data shows four sales for BACK LANE FARM 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 BACK LANE FARM 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
2023 29 SEP	£923,200	£322,379	186% above HPI
2014 15 AUG	£540,000	£215,740	150% above HPI
1999 26 FEB	£290,000	£84,302	244% above HPI
1997 28 AUG	£275,000	£80,595	241% above HPI

BACK LANE FARM 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 BACK LANE FARM sales between August 1997 and September 2023 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 2014 sale was for 150% above the HPI. So the extrapolation line tracks at 150% above the HPI over time, until the September 2023 sale, where it rises to 186% above the HPI. The line then continues to track at 186% above the HPI.

What might BACK LANE FARM be worth now?

BACK LANE FARM might now be worth an estimated £929,683.

This is based on house price inflation of 0.7%, between September 2023 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 0.7% inflationary increase is applied to the most recent sale price for BACK LANE FARM of £923,200 on 29th September 2023. For the value to have increased from £923,200 to £929,683 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of BACK LANE FARM has moved in line with the HPI for detached houses in the Chorley local authority area.
• The September 2023 sale price of £923,200 represented a fair market value for the property.
• The size, condition, and specification of BACK LANE FARM has not materially changed since September 2023.

How Large is BACK LANE FARM?

BACK LANE FARM is 301m², which includes two extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 10% of detached houses houses in Croston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croston, and where BACK LANE FARM lies on this distribution: 97% of detached houses houses are smaller than BACK LANE FARM, and 3% of houses are larger. Note that EPC data is not available for all properties in Croston.

BACK LANE FARM: Plot and Title Map

BACK LANE FARM sits on a plot of roughly 0.428 of an acre, or 1,734m². The below map shows the location of BACK LANE FARM, 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 BACK LANE FARM). 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 BACK LANE FARM?

BACK LANE FARM is located on BACK DRINKHOUSE LANE in CROSTON, in the PR26 postcode district. The below map shows the position of BACK LANE FARM on BACK DRINKHOUSE LANE.