17, MILL LANE, COPPULL, CHORLEY, PR7 5AW - £84,000

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.

17 MILL LANE is a small extended terraced house of 74m², built sometime between 1900 and 1929, which could now be worth an estimated £122,991. It was last sold for £84,000 in September 2016, which was around 28% below the average September 2016 terraced price in the Chorley local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was B.

17 MILL LANE Sold Prices

Land registry data shows three sales for 17 MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the three 17 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
2016 30 SEP	£84,000	£116,711	28% below HPI
2004 15 OCT	£84,250	£92,890	9% below HPI
2004 24 FEB	£46,000	£76,283	40% below HPI

17 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 three 17 MILL LANE sales between February 2004 and September 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 October 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 17 MILL LANE be worth now?

17 MILL LANE might now be worth an estimated £122,991.

This is based on house price inflation of 46.4%, between September 2016 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 46.4% inflationary increase is applied to the most recent sale price for 17 MILL LANE of £84,000 on 30th September 2016. For the value to have increased from £84,000 to £122,991 over the ten years and four months to May 2026, the following assumptions must hold true:

• The value of 17 MILL LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The September 2016 sale price of £84,000 represented a fair market value for the property.
• The size, condition, and specification of 17 MILL LANE has not materially changed since September 2016.

How Large is 17 MILL LANE?

17 MILL LANE is 74m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 17 MILL LANE lies on this distribution: 32% of terraced houses are smaller than 17 MILL LANE, and 65% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 17 MILL LANE?

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