FAIRHAVEN, BURGH LANE, CHORLEY, PR7 3NP - £277,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAIRHAVEN is a midsized extended detached house of 111m², built sometime between 1983 and 1990. It was last sold for £277,000 in June 2018, which was around 5% above the average June 2018 detached price in the Chorley local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

FAIRHAVEN Sold Prices

Land registry data shows two sales for FAIRHAVEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. One of the two FAIRHAVEN sales was for above the average price, whilst the other was 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
2018 28 JUN	£277,000	£263,997	5% above HPI
1995 24 AUG	£57,000	£78,526	27% below HPI

FAIRHAVEN 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 two FAIRHAVEN sales from August 1995 and June 2018 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 1995 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2018 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is FAIRHAVEN?

FAIRHAVEN is 111m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 50% of detached houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses by size in Chorley, and where FAIRHAVEN lies on this distribution: 44% of detached houses are smaller than FAIRHAVEN, and 55% of houses are larger. Note that EPC data is not available for all properties in Chorley.

FAIRHAVEN: Plot and Title Map

FAIRHAVEN sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of FAIRHAVEN, 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 FAIRHAVEN). 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 FAIRHAVEN?

FAIRHAVEN is located on BURGH LANE in CHORLEY, in the PR7 postcode district. The below map shows the position of FAIRHAVEN on BURGH LANE.