12, MILL LANE, COPPULL, CHORLEY, PR7 5AN - £94,500

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.

12 MILL LANE is a midsized terraced house of 78m², built sometime between 1900 and 1929, which could now be worth an estimated £154,187. It was last sold for £94,500 in March 2011, which was around 10% below the average March 2011 terraced price in the Chorley local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

12 MILL LANE Sold Prices

Land registry data shows two sales for 12 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. Both of the two 12 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
2011 25 MAR	£94,500	£104,735	10% below HPI
2006 31 JAN	£81,000	£100,754	20% below HPI

12 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 two 12 MILL LANE sales from January 2006 and March 2011 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 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2011 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 12 MILL LANE be worth now?

12 MILL LANE might now be worth an estimated £154,187.

This is based on house price inflation of 63.2%, between March 2011 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 63.2% inflationary increase is applied to the most recent sale price for 12 MILL LANE of £94,500 on 25th March 2011. For the value to have increased from £94,500 to £154,187 over the fourteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 12 MILL LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The March 2011 sale price of £94,500 represented a fair market value for the property.
• The size, condition, and specification of 12 MILL LANE has not materially changed since March 2011.

How Large is 12 MILL LANE?

12 MILL LANE is 78m² according to the EPC inspection conducted in September 2010. This puts it in the largest 50% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 12 MILL LANE lies on this distribution: 47% of terraced houses are smaller than 12 MILL LANE, and 49% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 12 MILL LANE?

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