According to the public record, 348, Spendmore Lane, Chorley is a period leasehold house and with 1,119 ft2 of internal area and sits on a 107 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Spendmore Lane, Coppull, Chorley, PR7 is located in the borough of Chorley within the PR7 postal district.
348, Spendmore Lane, Chorley has 21 entries in the Land Registry database, most recently in May 2008 and 2 entries in the EPC database, most recently in October 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 348 Spendmore Lane Chorley as £170,404 and the rental value as £911 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 348 Spendmore Lane Chorley has decreased by £1,785 (1.0%) and its rental value has increased by £26 per month (2.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 348, Spendmore Lane, Chorley is in very good condition we estimate a sale value of £178,924 and rental value of £956 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,475 and a rental value of £847 per month.
If you were able to purchase this property for the estimated value of £170,404, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £837 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 348, Spendmore Lane, Chorley sits on a plot of 107m2.
We have plot size data on 8 out of 13 other houses in the postcode and 348, Spendmore Lane, Chorley sits on the 7th largest plot.
According to HM Land Registry, 348, Spendmore Lane, Chorley was last sold on 19 May 2008 for £115,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since May 2008, the market for similar properties has risen 38.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 348, Spendmore Lane, Chorley within a radius of 186m over the last 2 years.
The most recent example is 126, Preston Road, Chorley, PR7 5ED, a Freehold house which sold for £143,675 in Jul 2022.
Read more about house prices in PR7.
Spendmore Lane, Coppull, Chorley, PR7 has a total of 294 addresses. According to our analysis of all the public data, 348, Spendmore Lane, Chorley is the 64th largest and the 106th most expensive property on the street.
When compared to the postcode district it is £50k less expensive than the average property in PR7.
348, Spendmore Lane, Chorley has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Oct 2013.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 348, Spendmore Lane, Chorley is Adlington (Lancashire) station which is 4.6 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 348, Spendmore Lane, Chorley, 33.3% of property is privately owned outright and 32.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 348, Spendmore Lane, Chorley, 19.9% of residents are recorded as possessing school level qualifications and 27.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 348, Spendmore Lane, Chorley, the average age was 42.7 and the most common age was 52.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 348, Spendmore Lane, Chorley, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 348, Spendmore Lane, Chorley, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.