17, SPENDMORE LANE, COPPULL, CHORLEY, PR7 4NY - £97,500

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.

17 SPENDMORE LANE is a large extended terraced house of 83m², built sometime between 1900 and 1929, which could now be worth an estimated £117,417. It was last sold for £97,500 in December 2021, which was around 31% below the average December 2021 terraced price in the Chorley local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

17 SPENDMORE LANE Sold Prices

Land registry data shows five sales for 17 SPENDMORE LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the five 17 SPENDMORE 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
2021 10 DEC	£97,500	£141,899	31% below HPI
2010 28 MAY	£85,000	£105,716	20% below HPI
2004 6 SEP	£83,000	£93,721	11% below HPI
1997 10 JAN	£31,000	£34,693	11% below HPI
1996 9 AUG	£32,000	£35,533	10% below HPI

17 SPENDMORE 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 five 17 SPENDMORE LANE sales between August 1996 and December 2021 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 May 2010 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 17 SPENDMORE LANE be worth now?

17 SPENDMORE LANE might now be worth an estimated £117,417.

This is based on house price inflation of 20.4%, between December 2021 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 20.4% inflationary increase is applied to the most recent sale price for 17 SPENDMORE LANE of £97,500 on 10th December 2021. For the value to have increased from £97,500 to £117,417 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 17 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The December 2021 sale price of £97,500 represented a fair market value for the property.
• The size, condition, and specification of 17 SPENDMORE LANE has not materially changed since December 2021.

How Large is 17 SPENDMORE LANE?

17 SPENDMORE LANE is 83m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 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 SPENDMORE LANE lies on this distribution: 62% of terraced houses are smaller than 17 SPENDMORE LANE, and 36% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 17 SPENDMORE LANE?

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