OAKLANDS, BURGH LANE, CHORLEY, PR7 3NT - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OAKLANDS is a very small detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £329,617. It was last sold for £240,000 in October 2016, which was about the average October 2016 detached price in the Chorley local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was C.

OAKLANDS Sold Prices

Land registry data shows three sales for OAKLANDS 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. The three OAKLANDS sales were a mix of roughly equal to the average price, and 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
2016 13 OCT	£240,000	£240,062	Close to HPI
2005 9 DEC	£180,000	£199,292	10% below HPI
2002 17 MAY	£110,000	£111,603	1% below HPI

OAKLANDS 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 OAKLANDS sales between May 2002 and October 2016 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 December 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2016 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might OAKLANDS be worth now?

OAKLANDS might now be worth an estimated £329,617.

This is based on house price inflation of 37.3%, between October 2016 and December 2024, 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 37.3% inflationary increase is applied to the most recent sale price for OAKLANDS of £240,000 on 13th October 2016. For the value to have increased from £240,000 to £329,617 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of OAKLANDS has moved in line with the HPI for detached houses in the Chorley local authority area.
• The October 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLANDS has not materially changed since October 2016.

How Large is OAKLANDS?

OAKLANDS is 63m² according to the EPC inspection conducted in September 2016. 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 OAKLANDS lies on this distribution: 2% of detached houses houses are smaller than OAKLANDS, and 98% of houses are larger. Note that EPC data is not available for all properties in Chorley.

OAKLANDS: Plot and Title Map

OAKLANDS sits on a plot of roughly 0.817 of an acre, or 3,305m². The below map shows the location of OAKLANDS, 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 OAKLANDS). 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 OAKLANDS?

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