20, MILL LANE, COPPULL, CHORLEY, PR7 5AN - £96,000

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.

20 MILL LANE is a small extended terraced house of 74m², built sometime between 1900 and 1929, which could now be worth an estimated £136,969. It was last sold for £96,000 in July 2018, which was around 20% below the average July 2018 terraced price in the Chorley local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

20 MILL LANE Sold Prices

Land registry data shows four sales for 20 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the four 20 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
2018 20 JUL	£96,000	£119,772	20% below HPI
2008 3 JAN	£108,500	£118,583	9% below HPI
2002 6 SEP	£46,000	£53,406	14% below HPI
2002 15 MAR	£23,000	£46,165	50% below HPI

20 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 four 20 MILL LANE sales between March 2002 and July 2018 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 January 2008 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 20 MILL LANE be worth now?

20 MILL LANE might now be worth an estimated £136,969.

This is based on house price inflation of 42.7%, between July 2018 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 42.7% inflationary increase is applied to the most recent sale price for 20 MILL LANE of £96,000 on 20th July 2018. For the value to have increased from £96,000 to £136,969 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 20 MILL LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The July 2018 sale price of £96,000 represented a fair market value for the property.
• The size, condition, and specification of 20 MILL LANE has not materially changed since July 2018.

How Large is 20 MILL LANE?

20 MILL LANE is 74m², which includes two extensions, according to the EPC inspection conducted in May 2018. 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 20 MILL LANE lies on this distribution: 32% of terraced houses are smaller than 20 MILL LANE, and 65% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 20 MILL LANE?

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