10, THE COMMON, ADLINGTON, CHORLEY, PR7 4DN - £175,000

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.

10 THE COMMON is a very small extended detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £235,254. It was last sold for £175,000 in October 2018, which was around 32% below the average October 2018 detached price in the Chorley local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was C.

10 THE COMMON Sold Prices

Land registry data shows two sales for 10 THE COMMON 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 10 THE COMMON 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 25 OCT	£175,000	£255,534	32% below HPI
2005 9 SEP	£175,000	£205,162	15% below HPI

10 THE COMMON 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 10 THE COMMON sales from September 2005 and October 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 September 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 10 THE COMMON be worth now?

10 THE COMMON might now be worth an estimated £235,254.

This is based on house price inflation of 34.4%, between October 2018 and May 2026, 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 34.4% inflationary increase is applied to the most recent sale price for 10 THE COMMON of £175,000 on 25th October 2018. For the value to have increased from £175,000 to £235,254 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 10 THE COMMON has moved in line with the HPI for detached houses in the Chorley local authority area.
• The October 2018 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 10 THE COMMON has not materially changed since October 2018.

How Large is 10 THE COMMON?

10 THE COMMON is 65m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses in Adlington, based on EPC data. The below chart shows the distribution of detached houses by size in Adlington, and where 10 THE COMMON lies on this distribution: 4% of detached houses are smaller than 10 THE COMMON, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Adlington.

Where is 10 THE COMMON?

10 THE COMMON is located in ADLINGTON, in the PR7 postcode district.