8, NEW ROAD, COPPULL, CHORLEY, PR7 4NP - £235,000

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.

8 NEW ROAD is a very large extended semi-detached house of 236m², built sometime between 1930 and 1949, which could now be worth an estimated £329,352. It was last sold for £235,000 in September 2018, which was around 54% above the average September 2018 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.

8 NEW ROAD Sold Prices

Land registry data shows three sales for 8 NEW ROAD 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 8 NEW ROAD sales were for above the average price, whilst one was 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
2018 21 SEP	£235,000	£152,198	54% above HPI
2011 23 SEP	£190,000	£129,404	47% above HPI
1996 13 JUN	£30,000	£43,265	31% below HPI

8 NEW ROAD 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 8 NEW ROAD sales between June 1996 and September 2018 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 September 2011 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the September 2018 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 8 NEW ROAD be worth now?

8 NEW ROAD might now be worth an estimated £329,352.

This is based on house price inflation of 40.1%, between September 2018 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 40.1% inflationary increase is applied to the most recent sale price for 8 NEW ROAD of £235,000 on 21st September 2018. For the value to have increased from £235,000 to £329,352 over the eight years and four months to May 2026, the following assumptions must hold true:

• The value of 8 NEW ROAD has moved in line with the HPI for semi-detached houses in the Chorley local authority area.
• The September 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NEW ROAD has not materially changed since September 2018.

How Large is 8 NEW ROAD?

8 NEW ROAD is 236m², which includes one extension, according to the EPC inspection conducted in March 2010. 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 8 NEW ROAD lies on this distribution: More than 99% of semi-detached houses are smaller than 8 NEW ROAD, and less than 1% of semi-detached houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 8 NEW ROAD?

8 NEW ROAD is located in COPPULL, in the PR7 postcode district.