Help to Buy Valuation in Coppull

The Help to Buy equity loan scheme let buyers pick up new build homes with just a 5% deposit, while the government lent up to 20% (or 40% in London). For anyone who bought in Coppull or the wider Chorley area through the scheme, the eventual choice is usually to repay the loan, sell, or remortgage onto a standard mortgage product. A RICS Red Book valuation is required in every case. It was especially popular with first-time buyers across Lancashire, many of whom moved into newly built homes in Coppull and Buckshaw Village.

Our valuers in Coppull know Help to Buy homes well, and these are usually new build properties put up by developers active across Lancashire. We inspect the property, compare it with similar sales in Coppull and the wider PR7 area, then assess the current market value in line with RICS Valuation Standards. Recent transactions on your street and across Coppull matter most, because that is where the real market evidence sits.

In the PR7 4 area, prices have fallen by 6.1% over the last year, after a spell of growth that left them 12% above the 2021 peak of £188,973. That backdrop makes a proper valuation especially important. Our report meets all Homes England requirements. Transaction volumes have also dropped sharply, with only 66 sales in the last year compared with the previous year, so the comparables available are thinner.

Fewer homes are changing hands in Coppull, and prices are moving. That makes an up-to-date RICS Red Book valuation more important than ever. It gives you a clear view of what the property is worth, whether you plan to sell, remortgage, or staircase the equity loan. The report is independent, and Homes England and your lender will both accept it.

• RICS Red Book compliant
• Accepted by all lenders
• Fast 3-5 day turnaround
• Mobile surveyor coverage

Coppull’s market throws up some particular issues for Help to Buy valuations. There were 66 residential property sales in the last year, a significant decrease of 56% compared with the previous year, so transaction volumes are down. That means we have to sift the available comparable sales with care. Quality matters more than quantity when we choose comparables, and each one has to be genuinely relevant to your home.

Terraced properties made up most sales in Coppull last year, and according to home.co.uk listings data they averaged approximately £145,000-£155,000. Detached properties command the highest prices, averaging around £327,000-£370,000, while semi-detached homes typically sell for around £208,000-£210,000. Flats average around £74,000, although they are less common in Coppull than in surrounding areas.

We know the new build developments that spread through Coppull and Buckshaw Village during the height of Help to Buy. Many were put up by national developers, with three and four bedroom homes set around green open space. When we value one of these properties, we look at the development itself, the build quality, and anything else that may move the figure in the current market. New build homes often carry a premium over similar older properties, though that premium rises and falls with conditions.

The current adjustment in Coppull is clear enough, values are down 6.1% in the last year, after a run of growth that took prices to 12% above the 2021 peak. So if you bought at the peak, the home may now be worth less than you paid. Our valuations are independent and rooted in the current market, giving you a clear picture of where the property stands before you sell, remortgage, or staircase your equity loan.

• New build developments
• Terraced properties
• Semi-detached homes
• Detached houses