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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 8, Melrose Way, Chorley is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 466 ft2 of internal area and sits on a 222 m2 plot and a garden.
Houses of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Melrose Way, Chorley is £152,499 and the estimated rental value is £796 per month.
Melrose Way, Chorley, PR7 is located in the borough of Chorley within the PR7 postal district.
8, Melrose Way, Chorley has a single entry in the Land Registry from March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 8, Melrose Way, Chorley is in very good condition we estimate a sale value of £160,124 and a rental value of £836 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £141,824 and a rental value of £740 per month.
Over the last 12 months the sale value of 8 Melrose Way Chorley has increased by an estimated £3,337 (2.2%) and its rental value has increased by an estimated £37 per month (4.7%), giving an expected gross yield of 6.3%.
According to data from HM Land Registry, 8, Melrose Way, Chorley sits on a plot of 222m2.
We have plot size data on 24 out of 38 other houses in the postcode and 8, Melrose Way, Chorley sits on the 23rd largest plot.
According to HM Land Registry, 8, Melrose Way, Chorley was last sold on 30th March 2007 for £78,750 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2007, the market for similar properties has risen 46.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Melrose Way, Chorley within a radius of 550 metres over the last 2 years.
The most recent example is 5, Rosewood Close, Chorley, PR7 3BX, a leasehold house which sold for £88,000 on the 20th December 2022.
Read more about house prices in PR7.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melrose Way, Chorley, PR7 has a total of 55 addresses. According to our analysis of all the public data, 8, Melrose Way, Chorley is the 55th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in PR7.
The closest station to 8, Melrose Way, Chorley is Chorley station which is 1.1 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
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 8, Melrose Way, Chorley, % of property is and % is .
The graph below shows how this compares to North West 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 8, Melrose Way, Chorley, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 8, Melrose Way, 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 8, Melrose Way, Chorley, there are an average of 0.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.
