THE MILL RACE, LYDIATE LANE, ECCLESTON, CHORLEY, PR7 6LZ - £1,209,000

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

THE MILL RACE is a very large extended detached house of 320m², built sometime between 1967 and 1975, which could now be worth an estimated £1,412,994. It was last sold for £1,209,000 in May 2021, which was around 329% above the average May 2021 detached price in the Chorley local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

THE MILL RACE Sold Prices

Land registry data shows two sales for THE MILL RACE 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 THE MILL RACE 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
2021 28 MAY	£1,209,000	£282,103	329% above HPI
2008 22 AUG	£485,000	£217,683	123% above HPI

THE MILL RACE 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 THE MILL RACE sales from August 2008 and May 2021 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 2008 sale was for 123% above the HPI. So the extrapolation line tracks at 123% above the HPI over time, until the May 2021 sale, where it rises to 329% above the HPI. The line then continues to track at 329% above the HPI.

What might THE MILL RACE be worth now?

THE MILL RACE might now be worth an estimated £1,412,994.

This is based on house price inflation of 16.9%, between May 2021 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 16.9% inflationary increase is applied to the most recent sale price for THE MILL RACE of £1,209,000 on 28th May 2021. For the value to have increased from £1,209,000 to £1,412,994 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of THE MILL RACE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The May 2021 sale price of £1,209,000 represented a fair market value for the property.
• The size, condition, and specification of THE MILL RACE has not materially changed since May 2021.

How Large is THE MILL RACE?

THE MILL RACE is 320m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses houses in Eccleston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eccleston, and where THE MILL RACE lies on this distribution: 99% of detached houses houses are smaller than THE MILL RACE, and 1% of houses are larger. Note that EPC data is not available for all properties in Eccleston.

THE MILL RACE: Plot and Title Map

THE MILL RACE sits on a plot of roughly 940.6 acres, or 3,806,451m². The below map shows the location of THE MILL RACE, 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 THE MILL RACE). 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 THE MILL RACE?

THE MILL RACE is located on LYDIATE LANE in ECCLESTON, in the PR7 postcode district. The below map shows the position of THE MILL RACE on LYDIATE LANE.