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Chorley Property Blog, Powered by Forbes – What’s the biggest street in Chorley (PR6)?

Well my recent articles about Chorley’s most moved street in the last 3 years and the Monopoly board article (the one where I listed the most valuable streets) caused quite a lot of interest locally, so I decided to see what else I could find out about the PR6 postcode area, and I have been able to find out the biggest streets in the local (PR6) postcode area.

Don’t worry, I will get back to some hard-hitting articles about the lack of new homes being built locally, the trials and tribulations of being a Chorley buy-to-let landlord and the future of the Chorley property market .. yet in this article because of the previous positive comments, I wanted to give you what you, the local homeowners and landlords asked about and wanted!

The biggest street in PR6, when it comes to the number of houses on it is Preston Road, with 406 homes. In second place is Chorley Road with 309 homes and in third is Bolton Road with 290 homes.

Yet, size isn’t everything and the most valuable street of the top 20 biggest streets is Preston Road at £104.5m with an average value of £257,000 per property.

The street with the greatest number of movers in the last 3 years is also Preston Road, yet its saleability rate was only 11.6%, with Chorley Old Road having the highest saleability rate of 16.8%.

The full breakdown can be found in this chart below.

Yet, did you really think I wouldn’t get at all serious ..

The basic rudiments of the local property market remain principally healthy in many parts of Chorley, yet the existing political environment means that the vital element of confidence has been diminished slightly in certain parts, and that is triggering a minority of potential property purchasers and house-sellers to vacillate, yet with unemployment at an all-time low, a record number of people with a job, ultra-low interest rates and decent mortgage availability (with the Banks and Building Societies tending to drop mortgage rates instead of increasing them), those Chorley first time buyers (and especially Chorley buy-to-let landlords) who have adjourned their next house purchase because of perceived political uncertainty should be reminded that talking to many of my fellow Chorley agents they have more homes on their books than at any time for the last three or four years, so there is a greater choice of Chorley properties to call your next home/BTL investment with a potential of securing a great property deal in the next month or so.

Irrespective of what happens with Brexit, local people will still need a roof over their heads and as I have mentioned on a number of occasions, I have proved beyond doubt we aren’t building enough homes both locally in Chorley and nationally. If supply is limited and demand increases (as the population grows and we get older), prices in the medium to long term can only go in one direction. Upwards!

So, whatever happens with BoJo and Brexit – why wait, because once we get over that hurdle, there will just be another hurdle and another hurdle and by which time – we will be in 2029 and you would have missed the boat. We survived the Global Financial Crash, 3-day week in 1970s’, hyperinflation etc etc …  yet the choice is yours.

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Many thanks                                      

Paul Forbes

If you would like to chat about the local property market, whether you are a buyer, seller, landlord or tenant, then feel free to DM me here, call me on 01257 273324 or email me info@forbesestates.com