8, THE COMMON, ADLINGTON, CHORLEY, PR7 4DN - £193,000

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 THE COMMON is a very small extended detached house of 59m², built sometime between 1950 and 1966, which could now be worth an estimated £277,031. It was last sold for £193,000 in February 2017, which was around 19% below the average February 2017 detached price in the Chorley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

8 THE COMMON Sold Prices

Land registry data shows two sales for 8 THE COMMON since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. Both of the two 8 THE COMMON sales 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
2017 8 FEB	£193,000	£238,363	19% below HPI
2016 6 JUN	£132,000	£230,466	43% below HPI

8 THE COMMON 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 two 8 THE COMMON sales from June 2016 and February 2017 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 2016 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 8 THE COMMON be worth now?

8 THE COMMON might now be worth an estimated £277,031.

This is based on house price inflation of 43.5%, between February 2017 and April 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 43.5% inflationary increase is applied to the most recent sale price for 8 THE COMMON of £193,000 on 8th February 2017. For the value to have increased from £193,000 to £277,031 over the eight years and ten months to April 2026, the following assumptions must hold true:

• The value of 8 THE COMMON has moved in line with the HPI for detached houses in the Chorley local authority area.
• The February 2017 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE COMMON has not materially changed since February 2017.

How Large is 8 THE COMMON?

8 THE COMMON is 59m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Adlington, based on EPC data. The below chart shows the distribution of detached houses by size in Adlington, and where 8 THE COMMON lies on this distribution: 3% of detached houses are smaller than 8 THE COMMON, and 97% of detached houses are larger. Note that EPC data is not available for all properties in Adlington.

Where is 8 THE COMMON?

8 THE COMMON is located in ADLINGTON, in the PR7 postcode district.