74, PARR LANE, ECCLESTON, CHORLEY, PR7 5SL - £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.

74 PARR LANE is a very small extended terraced house of 53m², built sometime before 1900, which could now be worth an estimated £155,404. It was last sold for £122,500 in February 2021, which was around 9% below the average February 2021 terraced price in the Chorley local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

74 PARR LANE Sold Prices

Land registry data shows four sales for 74 PARR 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. two of the four 74 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 17 FEB	£122,500	£134,704	9% below HPI
2008 14 OCT	£110,000	£109,320	1% above HPI
2001 7 DEC	£52,000	£44,183	18% above HPI
1995 25 MAY	£30,250	£34,715	13% below HPI

74 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 74 PARR LANE sales between May 1995 and February 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 October 2008 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 74 PARR LANE be worth now?

74 PARR LANE might now be worth an estimated £155,404.

This is based on house price inflation of 26.9%, between February 2021 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 26.9% inflationary increase is applied to the most recent sale price for 74 PARR LANE of £122,500 on 17th February 2021. For the value to have increased from £122,500 to £155,404 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 74 PARR LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The February 2021 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 74 PARR LANE has not materially changed since February 2021.

How Large is 74 PARR LANE?

74 PARR LANE is 53m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 10% of terraced houses in Eccleston, based on EPC data. The below chart shows the distribution of terraced houses by size in Eccleston, and where 74 PARR LANE lies on this distribution: 5% of terraced houses are smaller than 74 PARR LANE, and 94% of terraced houses are larger. Note that EPC data is not available for all properties in Eccleston.

74 PARR LANE: Plot

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

Where is 74 PARR LANE?

74 PARR LANE is located in ECCLESTON, in the PR7 postcode district. The below map shows the position of No. 74 on PARR LANE.