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House Prices in BB8 House Prices in BB8 (Colne)

The average house price in BB8 (Colne) is £140,082 using HM Land Registry data.

The average property price increased by £6,759 (35.37%) over the last 5 years and increased by £1,354 (5.02%) over the last 12 months.

Over the last year, there were 232 residential property sales – a decrease of 123 transactions (-53.02%) relative to the previous year. The majority of house sales (62) were in the £60,000 - £108,000 range. Then came properties in the £108,000 - £156,000 range, where 58 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 64 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,688 (-3%).

In Oct 24, there were 55 new estate agency instructions, 43 agreed home sales and 42 property price reductions.

Nearby Postcodes: BB10, BB11, BB12, BB18, BB7, BB9, BD13, BD16, BD20, BD21, BD22, BD23, HX2, HX6, HX7, LS29, OL13, OL14, OL15

5-Year Average Property Prices in BB8 (Colne)

35.37%

Property prices in Colne increased by 35.37% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BB8 (Colne) Over the Last Year

5.02%

Property prices in Colne increased by 5.02% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for BB8 (Colne) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BB8 (Colne)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BB8 (Colne)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BB8 (Colne)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BB8 (Colne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BB8 postcode area since 1995.

Recent Sales in BB8 (Colne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Skipton Road, Colne, Lancashire, BB8 0NH£164,950£162,000-£2,95016 May 202423 Aug 202499 Days
12 Queen Street, Colne, Lancashire, BB8 9NB£87,950£87,000-£95025 Jul 202419 Aug 202425 Days
24 Casserley Road, Colne, Lancashire, BB8 0QT£174,950£155,000-£19,95017 Apr 202430 Jul 2024104 Days
129 Langroyd Road, Colne, Lancashire, BB8 9EE£142,000£140,000-£2,00023 Apr 202430 Jul 202498 Days
17 Chatham Street, Colne, Lancashire, BB8 9LT£174,950£173,950-£1,00022 Mar 202426 Jul 2024126 Days
2 Waller Hill, Foulridge, Colne, Lancashire, BB8 7JZ£275,000£252,500-£22,50024 Feb 202422 Jul 2024149 Days
6 Castle Close, Colne, Lancashire, BB8 0PD£245,000£235,000-£10,00013 Oct 202319 Jul 2024280 Days
20 High Street, Colne, Lancashire, BB8 9JA£75,000£70,000-£5,00012 Jan 202411 Jul 2024181 Days
35 South Valley Drive, Colne, Lancashire, BB8 8BQ£175,000£173,000-£2,00008 Apr 202405 Jul 202488 Days
147 Langroyd Road, Colne, Lancashire, BB8 9EE£110,000£108,000-£2,00021 Mar 202405 Jul 2024106 Days
5 Brown Street West, Colne, Lancashire, BB8 9AW£134,950£120,000-£14,95025 Sep 202327 Jun 2024276 Days
157 Langroyd Road, Colne, Lancashire, BB8 9EE£165,000£165,000£0004 Mar 202421 Jun 2024109 Days
6 Briercliffe Avenue, Colne, Lancashire, BB8 8JL£159,950£158,000-£1,95013 Jul 202321 Jun 2024344 Days
27 Mason Street, Colne, Lancashire, BB8 9BU£70,000£66,000-£4,00015 Jan 202420 Jun 2024157 Days
7 Clarence Street, Colne, Lancashire, BB8 0PP£135,000£130,000-£5,00015 Feb 202417 Jun 2024123 Days
29 Lancaster Street, Colne, Lancashire, BB8 9AZ£155,000£155,000£0002 Dec 202317 Jun 2024198 Days
8 Thirlmere Avenue, Colne, Lancashire, BB8 7DD£199,950£199,950£0002 Mar 202414 Jun 2024104 Days
1 Monmouth Street, Colne, Lancashire, BB8 0PU£175,000£175,000£0018 Sep 202314 Jun 2024270 Days
13 Thorn Grove, Colne, Lancashire, BB8 0QX£119,950£115,000-£4,95012 Sep 202307 Jun 2024269 Days
31 Castercliff Bank, Colne, Lancashire, BB8 8DJ£250,000£250,000£0022 Feb 202404 Jun 2024103 Days

Most Expensive Streets in BB8 (Colne)

PostcodeStreetAreaAverageNo. of Sales
BB8 7NNSkipton Road, FoulridgeColne£499,9333
BB8 9PLGrenfell GardensColne£498,1254
BB8 7HRKeighley RoadColne£487,3805
BB8 7GLBurling LaneColne£479,9504
BB8 9QWBarrowford RoadColne£475,9833
BB8 8SYWycoller Road, TrawdenColne£446,2504
BB8 9QYNetherheys CloseColne£435,0003
BB8 7RERowan Drive, FoulridgeColne£433,6586
BB8 7LZSmithy LaneColne£424,7663
BB8 7HLKeighley RoadColne£404,5004

Least Expensive Streets in BB8 (Colne)

PostcodeStreetAreaAverageNo. of Sales
BB8 0HHWilliam StreetColne£46,5647
BB8 0BDCleveland StreetColne£48,0419
BB8 0EZBold StreetColne£53,3333
BB8 8AQThomas StreetColne£54,1663
BB8 9PBHargreaves StreetColne£54,9983
BB8 8AFHawley StreetColne£55,9407
BB8 0QYFern StreetColne£56,9984
BB8 0HFMidgley StreetColne£57,1905
BB8 8FBCotton Mill Works, The ArchesColne£58,2508
BB8 8ATAtkinson StreetColne£58,3005

Explore BB8 (Colne) using map

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