3A, PARR LANE, ECCLESTON, CHORLEY, PR7 5SL - £260,000

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.

3A PARR LANE is a very small detached house of 93m², built sometime between 1991 and 1995, which could now be worth an estimated £317,243. It was last sold for £260,000 in April 2021, which was around 8% below the average April 2021 detached price in the Chorley local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

3A PARR LANE Sold Prices

Land registry data shows four sales for 3A PARR LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. two of the four 3A PARR LANE sales were for below the average price, and four were 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
2021 8 APR	£260,000	£281,533	8% below HPI
2017 6 FEB	£230,000	£238,363	4% below HPI
2006 18 AUG	£239,950	£215,865	11% above HPI
1999 6 AUG	£96,995	£88,013	10% above HPI

3A PARR 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 3A PARR LANE sales between August 1999 and April 2021 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 February 2017 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the April 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3A PARR LANE be worth now?

3A PARR LANE might now be worth an estimated £317,243.

This is based on house price inflation of 22%, between April 2021 and May 2026, for 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 22% inflationary increase is applied to the most recent sale price for 3A PARR LANE of £260,000 on 8th April 2021. For the value to have increased from £260,000 to £317,243 over the four years and eleven months to May 2026, the following assumptions must hold true:

• The value of 3A PARR LANE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The April 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3A PARR LANE has not materially changed since April 2021.

How Large is 3A PARR LANE?

3A PARR LANE is 93m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses in Eccleston, based on EPC data. The below chart shows the distribution of detached houses by size in Eccleston, and where 3A PARR LANE lies on this distribution: 18% of detached houses are smaller than 3A PARR LANE, and 81% of detached houses are larger. Note that EPC data is not available for all properties in Eccleston.

3A PARR LANE: Plot

3A PARR LANE sits on a plot of roughly 940.6 acres, or 3,806,451m².

Where is 3A PARR LANE?

3A PARR LANE is located in ECCLESTON, in the PR7 postcode district. The below map shows the position of No. 3A on PARR LANE.