MILFORD LODGE, GREEN LANE, LACHE, CHESTER, CH4 7NG - £356,000

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

MILFORD LODGE is a large extended detached house of 126m², built sometime between 1976 and 1982. It was last sold for £356,000 in June 2023, which was around 13% below the average June 2023 detached price in the Cheshire West and Chester local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

MILFORD LODGE Sold Prices

Land registry data shows two sales for MILFORD LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cheshire West and Chester local authority area for the corresponding sale date. Both of the two MILFORD LODGE 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
2023 16 JUN	£356,000	£410,508	13% below HPI
2006 27 OCT	£235,000	£264,236	11% below HPI

MILFORD LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cheshire West and Chester local authority area over time, sourced from the HPI. The two MILFORD LODGE sales from October 2006 and June 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 October 2006 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is MILFORD LODGE?

MILFORD LODGE is 126m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 40% of detached houses in Chester, based on EPC data. The below chart shows the distribution of detached houses by size in Chester, and where MILFORD LODGE lies on this distribution: 60% of detached houses are smaller than MILFORD LODGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Chester.

MILFORD LODGE: Plot and Title Map

MILFORD LODGE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of MILFORD LODGE, 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 MILFORD LODGE). 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 MILFORD LODGE?

MILFORD LODGE is located on GREEN LANE in LACHE, in the CH4 postcode district. The below map shows the position of MILFORD LODGE on GREEN LANE.