9, SPENDMORE LANE, COPPULL, CHORLEY, PR7 4NY - £83,500

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.

9 SPENDMORE LANE is a midsized extended terraced house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £120,332. It was last sold for £83,500 in October 2017, which was around 30% below the average October 2017 terraced price in the Chorley local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

9 SPENDMORE LANE Sold Prices

Land registry data shows four sales for 9 SPENDMORE 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. All of the four 9 SPENDMORE LANE 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 27 OCT	£83,500	£118,580	30% below HPI
2009 6 NOV	£93,500	£106,173	12% below HPI
2004 7 MAY	£82,750	£83,198	1% below HPI
2002 20 SEP	£34,000	£53,406	36% below HPI

9 SPENDMORE 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 9 SPENDMORE LANE sales between September 2002 and October 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 November 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 9 SPENDMORE LANE be worth now?

9 SPENDMORE LANE might now be worth an estimated £120,332.

This is based on house price inflation of 44.1%, between October 2017 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 44.1% inflationary increase is applied to the most recent sale price for 9 SPENDMORE LANE of £83,500 on 27th October 2017. For the value to have increased from £83,500 to £120,332 over the nine years and five months to May 2026, the following assumptions must hold true:

• The value of 9 SPENDMORE LANE has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The October 2017 sale price of £83,500 represented a fair market value for the property.
• The size, condition, and specification of 9 SPENDMORE LANE has not materially changed since October 2017.

How Large is 9 SPENDMORE LANE?

9 SPENDMORE LANE is 79m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 50% of terraced houses in Coppull, based on EPC data. The below chart shows the distribution of terraced houses by size in Coppull, and where 9 SPENDMORE LANE lies on this distribution: 51% of terraced houses are smaller than 9 SPENDMORE LANE, and 45% of terraced houses are larger. Note that EPC data is not available for all properties in Coppull.

Where is 9 SPENDMORE LANE?

9 SPENDMORE LANE is located in COPPULL, in the PR7 postcode district.