40, LAWRENCE LANE, ECCLESTON, CHORLEY, PR7 5SJ - £218,000

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.

40 LAWRENCE LANE is a very small semi-detached house of 61m², built sometime between 1930 and 1949, which could now be worth an estimated £241,407. It was last sold for £218,000 in September 2022, which was around 13% above the average September 2022 semi-detached price in the Chorley local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

40 LAWRENCE LANE Sold Prices

Land registry data shows six sales for 40 LAWRENCE LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Chorley local authority area for the corresponding sale date. three of the six 40 LAWRENCE LANE sales were for above the average price, and six 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
2022 16 SEP	£218,000	£192,623	13% above HPI
2016 18 NOV	£169,950	£140,410	21% above HPI
2009 16 OCT	£165,000	£128,686	28% above HPI
2006 12 MAY	£125,000	£127,647	2% below HPI
1998 16 JAN	£47,000	£47,295	1% below HPI
1996 19 JAN	£42,000	£43,722	4% below HPI

40 LAWRENCE 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 six 40 LAWRENCE LANE sales between January 1996 and September 2022 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 November 2016 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2022 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 40 LAWRENCE LANE be worth now?

40 LAWRENCE LANE might now be worth an estimated £241,407.

This is based on house price inflation of 10.7%, between September 2022 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 10.7% inflationary increase is applied to the most recent sale price for 40 LAWRENCE LANE of £218,000 on 16th September 2022. For the value to have increased from £218,000 to £241,407 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 40 LAWRENCE LANE has moved in line with the HPI for semi-detached houses in the Chorley local authority area.
• The September 2022 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LAWRENCE LANE has not materially changed since September 2022.

How Large is 40 LAWRENCE LANE?

40 LAWRENCE LANE is 61m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of semi-detached houses in Eccleston, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Eccleston, and where 40 LAWRENCE LANE lies on this distribution: 6% of semi-detached houses are smaller than 40 LAWRENCE LANE, and 93% of semi-detached houses are larger. Note that EPC data is not available for all properties in Eccleston.

40 LAWRENCE LANE: Plot

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

Where is 40 LAWRENCE LANE?

40 LAWRENCE LANE is located in ECCLESTON, in the PR7 postcode district. The below map shows the position of No. 40 on LAWRENCE LANE.