154, CHAPEL STREET, NELSON, BB9 8EA - £24,500

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.

154 CHAPEL STREET is a very small terraced house of 61m², built sometime between 1900 and 1929, which could now be worth an estimated £41,558. It was last sold for £24,500 in August 2015, which was around 69% below the average August 2015 terraced price in the Pendle local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

154 CHAPEL STREET Sold Prices

Land registry data shows six sales for 154 CHAPEL STREET since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Pendle local authority area for the corresponding sale date. All of the six 154 CHAPEL STREET 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
2015 4 AUG	£24,500	£78,402	69% below HPI
2006 9 AUG	£47,500	£76,445	38% below HPI
2004 30 JUN	£25,716	£46,933	45% below HPI
2001 14 DEC	£19,000	£29,266	35% below HPI
2000 21 DEC	£19,000	£25,721	26% below HPI
1995 27 OCT	£19,000	£26,033	27% below HPI

154 CHAPEL STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The six 154 CHAPEL STREET sales between October 1995 and August 2015 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 August 2006 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2015 sale, where it falls to 69% below the HPI. The line then continues to track at 69% below the HPI.

What might 154 CHAPEL STREET be worth now?

154 CHAPEL STREET might now be worth an estimated £41,558.

This is based on house price inflation of 69.6%, between August 2015 and May 2026, for terraced houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 69.6% inflationary increase is applied to the most recent sale price for 154 CHAPEL STREET of £24,500 on 4th August 2015. For the value to have increased from £24,500 to £41,558 over the eleven years and three months to May 2026, the following assumptions must hold true:

• The value of 154 CHAPEL STREET has moved in line with the HPI for terraced houses in the Pendle local authority area.
• The August 2015 sale price of £24,500 represented a fair market value for the property.
• The size, condition, and specification of 154 CHAPEL STREET has not materially changed since August 2015.

How Large is 154 CHAPEL STREET?

154 CHAPEL STREET is 61m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of terraced houses in Nelson, based on EPC data. The below chart shows the distribution of terraced houses by size in Nelson, and where 154 CHAPEL STREET lies on this distribution: 6% of terraced houses are smaller than 154 CHAPEL STREET, and 93% of terraced houses are larger. Note that EPC data is not available for all properties in Nelson.

Where is 154 CHAPEL STREET?

154 CHAPEL STREET is located in NELSON, in the BB9 postcode district.