SILVERLEA, PRESTON ROAD, CHARNOCK RICHARD, CHORLEY, PR7 5HH - £505,000

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.

SILVERLEA is a very large extended detached house of 223m², built sometime between 2003 and 2006, which could now be worth an estimated £559,823. It was last sold for £505,000 in June 2021, which was around 73% above the average June 2021 detached price in the Chorley local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

SILVERLEA Sold Prices

Land registry data shows two sales for SILVERLEA 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 SILVERLEA sales were for above 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
2021 18 JUN	£505,000	£292,033	73% above HPI
2011 17 MAY	£500,000	£202,095	147% above HPI

SILVERLEA 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 SILVERLEA sales from May 2011 and June 2021 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 2011 sale was for 147% above the HPI. So the extrapolation line tracks at 147% above the HPI over time, until the June 2021 sale, where it falls to 73% above the HPI. The line then continues to track at 73% above the HPI.

What might SILVERLEA be worth now?

SILVERLEA might now be worth an estimated £559,823.

This is based on house price inflation of 10.9%, between June 2021 and March 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 10.9% inflationary increase is applied to the most recent sale price for SILVERLEA of £505,000 on 18th June 2021. For the value to have increased from £505,000 to £559,823 over the four years and three months to March 2025, the following assumptions must hold true:

• The value of SILVERLEA has moved in line with the HPI for detached houses in the Chorley local authority area.
• The June 2021 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of SILVERLEA has not materially changed since June 2021.

How Large is SILVERLEA?

SILVERLEA is 223m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses houses in Coppull, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coppull, and where SILVERLEA lies on this distribution: 99% of detached houses houses are smaller than SILVERLEA, and 1% of houses are larger. Note that EPC data is not available for all properties in Coppull.

SILVERLEA: Plot and Title Map

SILVERLEA sits on a plot of roughly 704.7 acres, or 2,851,714m². The below map shows the location of SILVERLEA, 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 SILVERLEA). 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 SILVERLEA?

SILVERLEA is located on PRESTON ROAD in CHARNOCK RICHARD, in the PR7 postcode district. The below map shows the position of SILVERLEA on PRESTON ROAD.