SPRING BANK, BETT LANE, WHEELTON, CHORLEY, PR6 8JH - £766,000

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.

SPRING BANK is a very large detached house of 249m², which could now be worth an estimated £773,907. It was last sold for £766,000 in May 2024, which was around 138% above the average May 2024 detached price in the Chorley local authority area. The most recent EPC inspection was August 2020, where the current energy rating was B, and the potential energy rating was A.

SPRING BANK Sold Prices

Land registry data shows two sales for SPRING BANK 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. Both of the two SPRING BANK 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
2024 20 MAY	£766,000	£321,326	138% above HPI
2016 9 DEC	£245,000	£230,211	6% above HPI

SPRING BANK 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 SPRING BANK sales from December 2016 and May 2024 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 2016 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2024 sale, where it rises to 138% above the HPI. The line then continues to track at 138% above the HPI.

What might SPRING BANK be worth now?

SPRING BANK might now be worth an estimated £773,907.

This is based on house price inflation of 1%, between May 2024 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 1% inflationary increase is applied to the most recent sale price for SPRING BANK of £766,000 on 20th May 2024. For the value to have increased from £766,000 to £773,907 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of SPRING BANK has moved in line with the HPI for detached houses in the Chorley local authority area.
• The May 2024 sale price of £766,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING BANK has not materially changed since May 2024.

How Large is SPRING BANK?

SPRING BANK is 249m² according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses houses in Higher Wheelton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Higher Wheelton, and where SPRING BANK lies on this distribution: 89% of detached houses houses are smaller than SPRING BANK, and 8% of houses are larger. Note that EPC data is not available for all properties in Higher Wheelton.

SPRING BANK: Plot and Title Map

SPRING BANK sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of SPRING BANK, 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 SPRING BANK). 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 SPRING BANK?

SPRING BANK is located on BETT LANE in WHEELTON, in the PR6 postcode district. The below map shows the position of SPRING BANK on BETT LANE.