# 1 bedroom apartment for sale (PR7 1EP)

## Property Details

| Key | Value |
|-----|-------|
| Address | Hollinshead Street, Chorley, Lancashire, PR7, PR7 1EP |
| Price | £25,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £110,000 |

## Description

PUBLIC NOTICE ADDRESS Flat 40 Chorcliffe House, Hollinshead Street, Chorley PR7 1EP. 

We are acting in the sale of the above property and have received an offer of £38,000.

Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place

EPC Rating: C

*TOP, 3rd FLOOR TOWN CENTRE FLAT, IN NEED OF UPGRADING AND OFFERED FOR SALE WITH NO ONWARD CHAIN* Located in the town centre. This property provides excellent access to local shops and transport links, including the bus and train stations. This  top floor flat, although in need of some upgrading in places would make an ideal investment property or starter home.  Internally, there is an entrance hallway and the flat itself comprises of a spacious lounge which is open to kitchen, single bedroom and a three-piece bathroom. Offered for sale with NO CHAIN viewing is highly recommended.

**IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:** We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. 

CHO250419/2

## Property Photos

- ![Front External](/listings/photos/164810018/1315367) - Front External
- ![Lounge](/listings/photos/164810018/1315368) - Lounge
- ![Kitchen Area](/listings/photos/164810018/1315369) - Kitchen Area
- ![Lounge/Kitchen](/listings/photos/164810018/1315370) - Lounge/Kitchen
- ![Bedroom One](/listings/photos/164810018/1315371) - Bedroom One
- ![Bathroom](/listings/photos/164810018/1315372) - Bathroom
- ![Google Maps Image](/listings/photos/164810018/1315373) - Google Maps Image

## Floorplans

- ![Floorplan](/listings/photos/164810018/1315374) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/164810018/1315375) - EPC Rating Graph

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| PARK HOUSE, 16 FLAT 5 PARK ROAD, CHORLEY, LANCASHIRE, PR7 1QN | £115,000 | 11/09/2025 | Flat |
| 10 FLAT 9 PARK ROAD, CHORLEY, LANCASHIRE, PR7 1QN | £50,000 | 08/08/2025 | Flat |
| PARK HOUSE, 16 FLAT 6 PARK ROAD, CHORLEY, LANCASHIRE, PR7 1QN | £50,000 | 10/04/2025 | Flat |
| 10 FLAT 7 PARK ROAD, CHORLEY, LANCASHIRE, PR7 1QN | £46,800 | 14/02/2023 | Flat |
| PARK HOUSE, 16 FLAT 7 PARK ROAD, CHORLEY, LANCASHIRE, PR7 1QN | £110,000 | 07/06/2022 | Flat |
| 2 PARKER STREET, CHORLEY, LANCASHIRE, PR7 1ES | £122,500 | 03/12/2021 | Flat |
| [Same street] 8 HOLLINSHEAD STREET, CHORLEY, LANCASHIRE, PR7 1EP | £140,000 | 01/12/2021 | Terraced |

**Street average:** £140,000 (1 sale)
**Area average:** £82,383 (6 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £112,485 (34 Flat, PR7, 2024–2026)
- **Deviation:** -77.8%

## Rental Range

*ONS Price Index of Private Rents (Chorley). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £701/mo
- **Realistic:** £779/mo
- **Optimistic:** £857/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Lancs (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £449/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| Studio Flat, Hollinshead Street, PR7 | £675/mo | 1 | 0.11 miles | OpenRent |
| 1 Bed Flat, New Market St, PR7 | £725/mo | 1 | 0.14 miles | OpenRent |
| Bedsit, Jacksons House, PR7 | £550/mo | 1 | 0.3 miles | OpenRent |
| 1 Bed Flat, Standish Court, PR7 | £750/mo | 1 | 0.43 miles | OpenRent |
| 1 Bed Flat, Standish Court, PR7 | £850/mo | 1 | 0.43 miles | OpenRent |
| 1 Bed Flat, Standish Court, PR7 | £950/mo | 1 | 0.43 miles | OpenRent |

**Average rent: £750/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 2.95% (strong)
- **Max investor price (0.8%):** £92,250
- **Target investor price (1%):** £73,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £738/mo).*

- **Gross yield:** 35.4%
- **Cost-to-rent:** 2.8×
- **Monthly cashflow:** £541/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 89.5%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 25.3%
- **10y growth:** 13.8%

## House Price Index (HM Land Registry)

*Official index for Chorley; Flats and maisonettes series; as of April 2026.*

- **1y growth (index):** 0.5%
- **5y growth (index):** 8%
- **10y growth (index):** 38.5%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)