232, SPENDMORE LANE, COPPULL, CHORLEY, PR7 5DE - £37,500

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.

232 SPENDMORE LANE is a large terraced house of 84m², built sometime between 1900 and 1929, which could now be worth an estimated £91,761. It was last sold for £37,500 in October 2003, which was around 46% below the average October 2003 terraced price in the Chorley local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

232 SPENDMORE LANE Sold Prices

Land registry data shows three sales for 232 SPENDMORE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. All of the three 232 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
2003 29 OCT	£37,500	£69,836	46% below HPI
1999 24 AUG	£35,000	£39,042	10% below HPI
1997 12 SEP	£35,000	£35,864	2% below HPI

232 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 three 232 SPENDMORE LANE sales between September 1997 and October 2003 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 August 1999 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2003 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 232 SPENDMORE LANE be worth now?

232 SPENDMORE LANE might now be worth an estimated £91,761.

This is based on house price inflation of 144.7%, between October 2003 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 144.7% inflationary increase is applied to the most recent sale price for 232 SPENDMORE LANE of £37,500 on 29th October 2003. For the value to have increased from £37,500 to £91,761 over the 23 years and five months to May 2026, the following assumptions must hold true:

• The value of 232 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The October 2003 sale price of £37,500 represented a fair market value for the property.
• The size, condition, and specification of 232 SPENDMORE LANE has not materially changed since October 2003.

How Large is 232 SPENDMORE LANE?

232 SPENDMORE LANE is 84m² according to the EPC inspection conducted in April 2014. 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 232 SPENDMORE LANE lies on this distribution: 65% of terraced houses are smaller than 232 SPENDMORE LANE, and 32% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 232 SPENDMORE LANE?

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