342, SPENDMORE LANE, COPPULL, CHORLEY, PR7 5DH - £195,000

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.

342 SPENDMORE LANE is a very large semi-detached house of 111m², built sometime between 1930 and 1949, which could now be worth an estimated £203,481. It was last sold for £195,000 in September 2024, which was around 5% below the average September 2024 semi-detached price in the Chorley local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

342 SPENDMORE LANE Sold Prices

Land registry data shows three sales for 342 SPENDMORE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Chorley local authority area for the corresponding sale date. Two of the three 342 SPENDMORE LANE sales were for below the average price, whilst one was for above 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
2024 27 SEP	£195,000	£204,415	5% below HPI
2022 20 MAY	£168,000	£184,730	9% below HPI
2007 27 APR	£144,500	£137,184	5% above HPI

342 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 342 SPENDMORE LANE sales between April 2007 and September 2024 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 May 2022 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2024 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 342 SPENDMORE LANE be worth now?

342 SPENDMORE LANE might now be worth an estimated £203,481.

This is based on house price inflation of 4.3%, between September 2024 and May 2026, for semi-detached 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 4.3% inflationary increase is applied to the most recent sale price for 342 SPENDMORE LANE of £195,000 on 27th September 2024. For the value to have increased from £195,000 to £203,481 over the two years and four months to May 2026, the following assumptions must hold true:

• The value of 342 SPENDMORE LANE has moved in line with the HPI for semi-detached houses in the Chorley local authority area.
• The September 2024 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 342 SPENDMORE LANE has not materially changed since September 2024.

How Large is 342 SPENDMORE LANE?

342 SPENDMORE LANE is 111m² according to the EPC inspection conducted in November 2014. This puts it in the largest 10% of semi-detached houses in Coppull, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Coppull, and where 342 SPENDMORE LANE lies on this distribution: 92% of semi-detached houses are smaller than 342 SPENDMORE LANE, and 8% of semi-detached houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 342 SPENDMORE LANE?

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