2, MILL LANE, COPPULL, CHORLEY, PR7 5AN - £108,000

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.

2 MILL LANE is a very large extended terraced house of 90m², built sometime between 1900 and 1929, which could now be worth an estimated £171,916. It was last sold for £108,000 in October 2010, which was around 1% above the average October 2010 terraced price in the Chorley local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 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. One of the two 2 MILL LANE sales was for above the average price, whilst the other was 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
2010 29 OCT	£108,000	£106,606	1% above HPI
2004 3 SEP	£83,000	£93,721	11% below HPI

2 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 2 MILL LANE sales from September 2004 and October 2010 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 September 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2010 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 MILL LANE be worth now?

2 MILL LANE might now be worth an estimated £171,916.

This is based on house price inflation of 59.2%, between October 2010 and April 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 59.2% inflationary increase is applied to the most recent sale price for 2 MILL LANE of £108,000 on 29th October 2010. For the value to have increased from £108,000 to £171,916 over the sixteen years and six months to April 2026, the following assumptions must hold true:

• The value of 2 MILL LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The October 2010 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL LANE has not materially changed since October 2010.

How Large is 2 MILL LANE?

2 MILL LANE is 90m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 20% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 2 MILL LANE lies on this distribution: 82% of terraced houses are smaller than 2 MILL LANE, and 17% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 2 MILL LANE?

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