19, MILL LANE, COPPULL, CHORLEY, PR7 5AW - £123,000

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.

19 MILL LANE is a small extended terraced house of 71m², built sometime between 1900 and 1929, which could now be worth an estimated £137,577. It was last sold for £123,000 in August 2022, which was around 19% below the average August 2022 terraced price in the Chorley local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

19 MILL LANE Sold Prices

Land registry data shows two sales for 19 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 19 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
2022 19 AUG	£123,000	£152,780	19% below HPI
1997 28 NOV	£21,000	£36,091	42% below HPI

19 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 19 MILL LANE sales from November 1997 and August 2022 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 November 1997 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2022 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 19 MILL LANE be worth now?

19 MILL LANE might now be worth an estimated £137,577.

This is based on house price inflation of 11.9%, between August 2022 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 11.9% inflationary increase is applied to the most recent sale price for 19 MILL LANE of £123,000 on 19th August 2022. For the value to have increased from £123,000 to £137,577 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of 19 MILL LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The August 2022 sale price of £123,000 represented a fair market value for the property.
• The size, condition, and specification of 19 MILL LANE has not materially changed since August 2022.

How Large is 19 MILL LANE?

19 MILL LANE is 71m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 19 MILL LANE lies on this distribution: 22% of terraced houses are smaller than 19 MILL LANE, and 74% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 19 MILL LANE?

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