5, LICHFIELD ROAD, CHORLEY, PR7 2EA - £165,000

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.

5 LICHFIELD ROAD is a very small detached house of 70m², built sometime between 1930 and 1949, which could now be worth an estimated £219,103. It was last sold for £165,000 in August 2018, which was around 34% below the average August 2018 detached price in the Chorley local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

5 LICHFIELD ROAD Sold Prices

Land registry data shows two sales for 5 LICHFIELD ROAD 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 5 LICHFIELD ROAD 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 17 AUG	£165,000	£249,672	34% below HPI
2002 21 JUN	£60,000	£113,832	47% below HPI

5 LICHFIELD ROAD 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 5 LICHFIELD ROAD sales from June 2002 and August 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 June 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the August 2018 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 LICHFIELD ROAD be worth now?

5 LICHFIELD ROAD might now be worth an estimated £219,103.

This is based on house price inflation of 32.8%, between August 2018 and August 2025, 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 32.8% inflationary increase is applied to the most recent sale price for 5 LICHFIELD ROAD of £165,000 on 17th August 2018. For the value to have increased from £165,000 to £219,103 over the seven years to August 2025, the following assumptions must hold true:

• The value of 5 LICHFIELD ROAD has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2018 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LICHFIELD ROAD has not materially changed since August 2018.

How Large is 5 LICHFIELD ROAD?

5 LICHFIELD ROAD is 70m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 10% of detached houses houses in Chorley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chorley, and where 5 LICHFIELD ROAD lies on this distribution: 5% of detached houses houses are smaller than 5 LICHFIELD ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Chorley.

5 LICHFIELD ROAD: Plot and Title Map

5 LICHFIELD ROAD sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of 5 LICHFIELD ROAD, 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 5 LICHFIELD ROAD). 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 5 LICHFIELD ROAD?

5 LICHFIELD ROAD is located in CHORLEY, in the PR7 postcode district. The below map shows the position of No. 5 on LICHFIELD ROAD.