31, SPENDMORE LANE, COPPULL, CHORLEY, PR7 4NY - £105,000

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.

31 SPENDMORE LANE is a large extended terraced house of 84m², built sometime between 1900 and 1929, which could now be worth an estimated £150,350. It was last sold for £105,000 in December 2017, which was around 12% below the average December 2017 terraced price in the Chorley local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

31 SPENDMORE LANE Sold Prices

Land registry data shows four sales for 31 SPENDMORE 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 31 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
2017 8 DEC	£105,000	£119,342	12% below HPI
1999 21 APR	£19,950	£37,750	47% below HPI
1996 18 DEC	£29,450	£35,120	16% below HPI
1996 30 AUG	£26,821	£35,533	25% below HPI

31 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 four 31 SPENDMORE LANE sales between August 1996 and December 2017 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 April 1999 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2017 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 31 SPENDMORE LANE be worth now?

31 SPENDMORE LANE might now be worth an estimated £150,350.

This is based on house price inflation of 43.2%, between December 2017 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 43.2% inflationary increase is applied to the most recent sale price for 31 SPENDMORE LANE of £105,000 on 8th December 2017. For the value to have increased from £105,000 to £150,350 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 31 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The December 2017 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 31 SPENDMORE LANE has not materially changed since December 2017.

How Large is 31 SPENDMORE LANE?

31 SPENDMORE LANE is 84m², which includes one extension, according to the EPC inspection conducted in August 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 31 SPENDMORE LANE lies on this distribution: 65% of terraced houses are smaller than 31 SPENDMORE LANE, and 32% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 31 SPENDMORE LANE?

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