12, THE COMMON, ADLINGTON, CHORLEY, PR7 4DN - £220,000

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.

12 THE COMMON is a very small extended detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £322,148. It was last sold for £220,000 in August 2016, which was around 6% below the average August 2016 detached price in the Chorley local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

12 THE COMMON Sold Prices

Land registry data shows three sales for 12 THE COMMON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. All of the three 12 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
2016 3 AUG	£220,000	£234,593	6% below HPI
2007 28 MAR	£179,000	£218,314	18% below HPI
1995 12 SEP	£50,000	£74,368	33% below HPI

12 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 three 12 THE COMMON sales between September 1995 and August 2016 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 March 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2016 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 12 THE COMMON be worth now?

12 THE COMMON might now be worth an estimated £322,148.

This is based on house price inflation of 46.4%, between August 2016 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 46.4% inflationary increase is applied to the most recent sale price for 12 THE COMMON of £220,000 on 3rd August 2016. For the value to have increased from £220,000 to £322,148 over the ten years and three months to May 2026, the following assumptions must hold true:

• The value of 12 THE COMMON has moved in line with the HPI for detached houses in the Chorley local authority area.
• The August 2016 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 12 THE COMMON has not materially changed since August 2016.

How Large is 12 THE COMMON?

12 THE COMMON is 68m², which includes one extension, according to the EPC inspection conducted in August 2013. 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 12 THE COMMON lies on this distribution: 4% of detached houses are smaller than 12 THE COMMON, and 94% of detached houses are larger. Note that EPC data is not available for all properties in Adlington.

Where is 12 THE COMMON?

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