7, SUMMERFIELDS, COPPULL, CHORLEY, PR7 4LW - £122,500

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.

7 SUMMERFIELDS is a small semi-detached house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £194,422. It was last sold for £122,500 in November 2014, which was around 9% below the average November 2014 semi-detached price in the Chorley local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

7 SUMMERFIELDS Sold Prices

Land registry data shows three sales for 7 SUMMERFIELDS 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 7 SUMMERFIELDS 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
2014 21 NOV	£122,500	£134,398	9% below HPI
2002 14 JUN	£63,500	£65,251	3% below HPI
1997 18 APR	£53,995	£45,177	20% above HPI

7 SUMMERFIELDS 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 7 SUMMERFIELDS sales between April 1997 and November 2014 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 June 2002 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2014 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 7 SUMMERFIELDS be worth now?

7 SUMMERFIELDS might now be worth an estimated £194,422.

This is based on house price inflation of 58.7%, between November 2014 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 58.7% inflationary increase is applied to the most recent sale price for 7 SUMMERFIELDS of £122,500 on 21st November 2014. For the value to have increased from £122,500 to £194,422 over the twelve years and six months to May 2026, the following assumptions must hold true:

• The value of 7 SUMMERFIELDS has moved in line with the HPI for semi-detached houses in the Chorley local authority area.
• The November 2014 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 7 SUMMERFIELDS has not materially changed since November 2014.

How Large is 7 SUMMERFIELDS?

7 SUMMERFIELDS is 74m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 40% 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 7 SUMMERFIELDS lies on this distribution: 34% of semi-detached houses are smaller than 7 SUMMERFIELDS, and 62% of semi-detached houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 7 SUMMERFIELDS?

7 SUMMERFIELDS is located in COPPULL, in the PR7 postcode district.