16, SPRING MEADOW, LEYLAND, PR25 5UR - £132,500

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.

16 SPRING MEADOW is a very large detached house of 180m², built sometime between 1991 and 1995, which could now be worth an estimated £197,714. It was last sold for £132,500 in December 2016, which was around 42% below the average December 2016 detached price in the Chorley local authority area. The most recent EPC inspection was October 2014, where the current energy rating was B, and the potential energy rating was B.

16 SPRING MEADOW Sold Prices

Land registry data shows three sales for 16 SPRING MEADOW 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. All of the three 16 SPRING MEADOW 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
2016 12 DEC	£132,500	£230,211	42% below HPI
2016 12 MAY	£160,000	£228,279	30% below HPI
1999 13 JUL	£57,000	£88,553	36% below HPI

16 SPRING MEADOW 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 16 SPRING MEADOW sales between July 1999 and December 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 May 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2016 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 16 SPRING MEADOW be worth now?

16 SPRING MEADOW might now be worth an estimated £197,714.

This is based on house price inflation of 49.2%, between December 2016 and May 2026, 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 49.2% inflationary increase is applied to the most recent sale price for 16 SPRING MEADOW of £132,500 on 12th December 2016. For the value to have increased from £132,500 to £197,714 over the ten years and seven months to May 2026, the following assumptions must hold true:

• The value of 16 SPRING MEADOW has moved in line with the HPI for detached houses in the Chorley local authority area.
• The December 2016 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 16 SPRING MEADOW has not materially changed since December 2016.

How Large is 16 SPRING MEADOW?

16 SPRING MEADOW is 180m² according to the EPC inspection conducted in October 2014. This puts it in the largest 10% of detached houses houses in Leyland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leyland, and where 16 SPRING MEADOW lies on this distribution: 93% of detached houses houses are smaller than 16 SPRING MEADOW, and 7% of houses are larger. Note that EPC data is not available for all properties in Leyland.

16 SPRING MEADOW: Plot and Title Map

16 SPRING MEADOW sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 16 SPRING MEADOW, 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 16 SPRING MEADOW). 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 16 SPRING MEADOW?

16 SPRING MEADOW is located in LEYLAND, in the PR25 postcode district. The below map shows the position of No. 16 on SPRING MEADOW.