# 1 bedroom flat for sale (PR7 1EP)

## Property Details

| Key | Value |
|-----|-------|
| Address | Flat 44, Chorcliffe House, Hollinshead Street, Chorley, Lancashire PR7 1EP |
| Price | £22,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £110,000 |

## Description

Online auction 11th March - 12th March

A Vacant One bedroom Second Floor Flat

The property comprises: hall, open plan lounge / kitchen area, bedroom and bathroom. 

Tenure: Leasehold 

Title number: LAN72466

Term: 125 years from 1 September 2007

Ground Rent: 

Council Tax Band : A Chorley 

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

**IMPORTANT INFORMATION** Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

**ANTI-MONEY LAUNDERING REGULATIONS** In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. 

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. 

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

**Tenure:** Leasehold

**EPC Rating:** C

**Administration Fee:** 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

**Buyer's Premium Fee:** £1300 inc VAT payable on exchange of contracts.

**Disbursements:** Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

## Property Photos

- ![XTERNAL 3 T202502141527.jpg](/listings/photos/158290538/1315364) - XTERNAL 3 T202502141527.jpg
- ![KITCHEN T202502141518.jpg](/listings/photos/158290538/1315365) - KITCHEN T202502141518.jpg
- ![BATHROOM T202502141518.jpg](/listings/photos/158290538/1315366) - BATHROOM T202502141518.jpg

## Price vs local average

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

- **Local average:** £112,485 (34 Flat, PR7, 2024–2026)
- **Deviation:** -80.4%

## 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 | 0.05 miles | OpenRent |
| 1 Bed Flat, New Market St, PR7 | £725/mo | 1 | 0.09 miles | OpenRent |
| Bedsit, Jacksons House, PR7 | £550/mo | 1 | 0.29 miles | OpenRent |
| 1 Bed Flat, Standish Court, PR7 | £750/mo | 1 | 0.4 miles | OpenRent |
| 1 Bed Flat, Standish Court, PR7 | £850/mo | 1 | 0.4 miles | OpenRent |
| 1 Bed Flat, Standish Court, PR7 | £950/mo | 1 | 0.4 miles | OpenRent |

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

## 1% Rule

- **Rent ratio:** 3.35% (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:** 40.3%
- **Cost-to-rent:** 2.5×
- **Monthly cashflow:** £553/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 103.9%

*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)