49, MILL LANE, COPPULL, CHORLEY, PR7 5AW - £88,500

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.

49 MILL LANE is a large extended terraced house of 89m², built sometime between 1900 and 1929, which could now be worth an estimated £125,008. It was last sold for £88,500 in May 2019, which was around 27% below the average May 2019 terraced price in the Chorley local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

49 MILL LANE Sold Prices

Land registry data shows three sales for 49 MILL 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 49 MILL 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
2019 15 MAY	£88,500	£120,980	27% below HPI
2012 31 JAN	£92,000	£100,894	9% below HPI
1996 29 NOV	£34,950	£35,239	1% below HPI

49 MILL 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 49 MILL LANE sales between November 1996 and May 2019 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 January 2012 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2019 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 49 MILL LANE be worth now?

49 MILL LANE might now be worth an estimated £125,008.

This is based on house price inflation of 41.3%, between May 2019 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 41.3% inflationary increase is applied to the most recent sale price for 49 MILL LANE of £88,500 on 15th May 2019. For the value to have increased from £88,500 to £125,008 over the seven years to May 2026, the following assumptions must hold true:

• The value of 49 MILL LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The May 2019 sale price of £88,500 represented a fair market value for the property.
• The size, condition, and specification of 49 MILL LANE has not materially changed since May 2019.

How Large is 49 MILL LANE?

49 MILL LANE is 89m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the largest 20% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 49 MILL LANE lies on this distribution: 80% of terraced houses are smaller than 49 MILL LANE, and 18% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 49 MILL LANE?

49 MILL LANE is located in COPPULL, in the PR7 postcode district.