23, SPENDMORE LANE, COPPULL, CHORLEY, PR7 4NY - £42,500

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.

23 SPENDMORE LANE is a very large extended terraced house of 95m², built sometime before 1900, which could now be worth an estimated £65,965. It was last sold for £42,500 in September 2015, which was around 61% below the average September 2015 terraced price in the Chorley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

23 SPENDMORE LANE Sold Prices

Land registry data shows two sales for 23 SPENDMORE 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 23 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
2015 4 SEP	£42,500	£110,099	61% below HPI
2014 7 NOV	£47,500	£109,151	56% below HPI

23 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 two 23 SPENDMORE LANE sales from November 2014 and September 2015 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 2014 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the September 2015 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

What might 23 SPENDMORE LANE be worth now?

23 SPENDMORE LANE might now be worth an estimated £65,965.

This is based on house price inflation of 55.2%, between September 2015 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 55.2% inflationary increase is applied to the most recent sale price for 23 SPENDMORE LANE of £42,500 on 4th September 2015. For the value to have increased from £42,500 to £65,965 over the eleven years and four months to May 2026, the following assumptions must hold true:

• The value of 23 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The September 2015 sale price of £42,500 represented a fair market value for the property.
• The size, condition, and specification of 23 SPENDMORE LANE has not materially changed since September 2015.

How Large is 23 SPENDMORE LANE?

23 SPENDMORE LANE is 95m², which includes one extension, according to the EPC inspection conducted in April 2016. 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 23 SPENDMORE LANE lies on this distribution: 88% of terraced houses are smaller than 23 SPENDMORE LANE, and 11% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 23 SPENDMORE LANE?

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