25, SPENDMORE LANE, COPPULL, CHORLEY, PR7 4NY - £100,500

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.

25 SPENDMORE LANE is a large extended terraced house of 83m², built sometime between 1900 and 1929, which could now be worth an estimated £139,319. It was last sold for £100,500 in January 2020, which was around 18% below the average January 2020 terraced price in the Chorley local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

25 SPENDMORE LANE Sold Prices

Land registry data shows two sales for 25 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. One of the two 25 SPENDMORE LANE sales was for below the average price, whilst the other was roughly equal to 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
2020 17 JAN	£100,500	£123,271	18% below HPI
1999 11 AUG	£38,950	£39,042	Close to HPI

25 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 25 SPENDMORE LANE sales from August 1999 and January 2020 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 roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 25 SPENDMORE LANE be worth now?

25 SPENDMORE LANE might now be worth an estimated £139,319.

This is based on house price inflation of 38.6%, between January 2020 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 38.6% inflationary increase is applied to the most recent sale price for 25 SPENDMORE LANE of £100,500 on 17th January 2020. For the value to have increased from £100,500 to £139,319 over the five years and eight months to May 2026, the following assumptions must hold true:

• The value of 25 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The January 2020 sale price of £100,500 represented a fair market value for the property.
• The size, condition, and specification of 25 SPENDMORE LANE has not materially changed since January 2020.

How Large is 25 SPENDMORE LANE?

25 SPENDMORE LANE is 83m², which includes one extension, according to the EPC inspection conducted in July 2019. 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 25 SPENDMORE LANE lies on this distribution: 62% of terraced houses are smaller than 25 SPENDMORE LANE, and 36% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 25 SPENDMORE LANE?

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