301, SPENDMORE LANE, COPPULL, CHORLEY, PR7 5DD - £78,500

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.

301 SPENDMORE LANE is a very small terraced house of 55m², built sometime between 1996 and 2002, which could now be worth an estimated £111,982. It was last sold for £78,500 in May 2018, which was around 34% below the average May 2018 terraced price in the Chorley local authority area. The most recent EPC inspection was January 2012, where the current energy rating was C, and the potential energy rating was C.

301 SPENDMORE LANE Sold Prices

Land registry data shows four sales for 301 SPENDMORE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the four 301 SPENDMORE LANE 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
2018 4 MAY	£78,500	£118,959	34% below HPI
2012 20 APR	£68,000	£97,897	31% below HPI
2005 7 OCT	£59,400	£101,045	41% below HPI
2001 18 JUN	£30,000	£42,097	29% below HPI

301 SPENDMORE LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chorley local authority area over time, sourced from the HPI. The four 301 SPENDMORE LANE sales between June 2001 and May 2018 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 April 2012 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 301 SPENDMORE LANE be worth now?

301 SPENDMORE LANE might now be worth an estimated £111,982.

This is based on house price inflation of 42.7%, between May 2018 and April 2026, for terraced 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 42.7% inflationary increase is applied to the most recent sale price for 301 SPENDMORE LANE of £78,500 on 4th May 2018. For the value to have increased from £78,500 to £111,982 over the eight years and one month to April 2026, the following assumptions must hold true:

• The value of 301 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The May 2018 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 301 SPENDMORE LANE has not materially changed since May 2018.

How Large is 301 SPENDMORE LANE?

301 SPENDMORE LANE is 55m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% of terraced houses houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Coppull, and where 301 SPENDMORE LANE lies on this distribution: 1% of terraced houses houses are smaller than 301 SPENDMORE LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Coppull.

301 SPENDMORE LANE: Plot and Title Map

301 SPENDMORE LANE sits on a plot of roughly 0.033 of an acre, or 132m². The below map shows the location of 301 SPENDMORE LANE, 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 301 SPENDMORE LANE). 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 301 SPENDMORE LANE?

301 SPENDMORE LANE is located in COPPULL, in the PR7 postcode district. The below map shows the position of No. 301 on SPENDMORE LANE.