1, Common Bank Lane
1, Common Bank Lane
Description & Estimates
1, Common Bank Lane, Chorley is recorded publicly as a modern freehold house across 1,463 ft2 of internal area, sitting on a 107 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Common Bank Lane, Chorley is £136,410 and its rental estimate is £715 per month, given the available information and assuming reasonable condition.
Common Bank Lane, Chorley, PR7 falls within the PR7 postal district, in the borough of Chorley.
Our Data Sources
1, Common Bank Lane, Chorley has a single entry in the Land Registry from June 2012 and a single entry in the EPC database dated March 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Common Bank Lane, Chorley, we estimate a market value of £143,231 and a rental value of £751 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £126,862 and £665 per month respectively.
Recent Market Change
Over the last year, 1, Common Bank Lane, Chorley has seen its estimated sale value move down by £552 (0.4%) and its estimated rental value increase by £19 per month (2.6%). This results in an estimated gross rental yield of 6.3%.
Plot Size
HM Land Registry records the plot of land for 1, Common Bank Lane, Chorley as measuring 107 m2.
That makes it the 8th largest plot in the postcode, where all 8 other houses have recorded plot data.
Energy Efficiency
1, Common Bank Lane, Chorley has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 14 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, dual fuel (mineral and wood).
Sold Prices
The most recent sale of 1, Common Bank Lane, Chorley completed on 11th June 2012 at £82,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 69.2% over the period since June 2012.
- Sold Jun 2012£82,500
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 1.1 kilometres of 1, Common Bank Lane, Chorley, per the Land Registry and our network of Estate Agents.
The latest, on the 12th July 2023, was 59, Hornchurch Drive, Chorley, PR7 2RJ, a freehold house which sold for £310,000.
Read more about house prices in PR7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 8 addresses on Common Bank Lane, Chorley, PR7, 1, Common Bank Lane, Chorley comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £103k less expensive than the average property across the PR7 district.
More reading links
Schools Nearby
- 500mSt Mary's Catholic Primary School and Nursery, Chorley
- 900mBalshaw Lane Community Primary School
- 1.2kmBuckshaw Primary School
- 700mParklands High School
- 1.4kmSouthlands High School
- 1.5kmSt Michael's Church of England High School
More reading links
Public Transport Nearby
From 1, Common Bank Lane, Chorley, the nearest station is Chorley, 1.9 kilometres away.
- 1.9kmChorley
- 2.2kmBuckshaw Parkway
- 2.2kmEuxton Balshaw Lane
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
