33, SPENDMORE LANE, COPPULL, CHORLEY, PR7 4NY - £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.

33 SPENDMORE LANE is a large extended terraced house of 83m², built sometime before 1900, which could now be worth an estimated £151,874. It was last sold for £132,500 in June 2022, which was around 11% below the average June 2022 terraced price in the Chorley local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

33 SPENDMORE LANE Sold Prices

Land registry data shows three sales for 33 SPENDMORE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the three 33 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
2022 24 JUN	£132,500	£149,087	11% below HPI
2017 22 SEP	£96,000	£116,603	18% below HPI
2002 19 APR	£31,000	£47,380	35% below HPI

33 SPENDMORE LANE 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 33 SPENDMORE LANE sales between April 2002 and June 2022 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 September 2017 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 33 SPENDMORE LANE be worth now?

33 SPENDMORE LANE might now be worth an estimated £151,874.

This is based on house price inflation of 14.6%, between June 2022 and May 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 14.6% inflationary increase is applied to the most recent sale price for 33 SPENDMORE LANE of £132,500 on 24th June 2022. For the value to have increased from £132,500 to £151,874 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 33 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The June 2022 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 33 SPENDMORE LANE has not materially changed since June 2022.

How Large is 33 SPENDMORE LANE?

33 SPENDMORE LANE is 83m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 40% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 33 SPENDMORE LANE lies on this distribution: 62% of terraced houses are smaller than 33 SPENDMORE LANE, and 36% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 33 SPENDMORE LANE?

33 SPENDMORE LANE is located in COPPULL, in the PR7 postcode district.