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Colne House Prices Colne House Prices

The average house price in Colne is £142,366 using HM Land Registry data.

The average property price decreased by £2,651 (--1.65%) over the last 5 years and decreased by £531 (--0.33%) over the last 12 months.

Over the last year, there were 205 residential property sales – a decrease of 80 transactions (-39.02%) relative to the previous year. The majority of house sales (56) were in the £60,000 - £104,000 range. Then came properties in the £104,000 - £148,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 129 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,314 (-4%).

In January 2025, there were 29 new estate agency instructions, 25 agreed home sales and 11 property price reductions.

Neighbouring Areas: Nelson

Postcodes Covered: BB8

5-Year Average Property Prices in Colne

-1.65%

Property prices in Colne decreased by -1.65% 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 Colne Over the Last Year

-0.33%

Property prices in Colne decreased by -0.33% 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 Colne - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 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 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 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 Colne since 1995

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

Recent Property Sales in Colne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Castercliff Bank, Colne, Lancashire, BB8 8DJ£190,000£190,000£028 Aug 202420 Dec 2024114 Days
20 Rimington Avenue, Colne, Lancashire, BB8 9SQ£120,000£112,500-£7,50011 Sep 202403 Dec 202483 Days
19 Paddock Top Mews, Colne, Lancashire, BB8 8FD£90,000£90,000£022 Jul 202421 Nov 2024122 Days
23 Leach Street, Colne, Lancashire, BB8 9NS£85,000£75,000-£10,00030 Jul 202415 Nov 2024108 Days
14 Valley Mill Court, Laneshawbridge, Colne, Lancashire, BB8 7ND£339,950£335,000-£4,95006 Jun 202408 Nov 2024155 Days
26 Charles Street, Colne, Lancashire, BB8 0LY£160,000£158,000-£2,00025 Apr 202408 Nov 2024197 Days
35 Haverholt Close, Colne, Lancashire, BB8 9SN£171,250£171,250£027 Mar 202408 Nov 2024226 Days
27 Russell Avenue, Colne, Lancashire, BB8 9LW£95,000£85,000-£10,00031 Jul 202430 Oct 202491 Days
1 Moore Street, Colne, Lancashire, BB8 9PX£130,000£127,500-£2,50030 May 202425 Oct 2024148 Days
40 Gordon Street, Colne, Lancashire, BB8 0NF£95,000£95,000£005 Apr 202423 Oct 2024201 Days
Flat 21, Ivegate Mews, Ivegate, Colne, Lancashire, BB8 9DH£70,000£66,000-£4,00001 May 202411 Oct 2024163 Days
11 Curzon Street, Colne, Lancashire, BB8 0HD£75,000£75,000£025 Jul 202411 Oct 202478 Days
15 Mitchell Street, Colne, Lancashire, BB8 9BZ£69,950£65,000-£4,95024 Jun 202410 Oct 2024108 Days
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
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

Most Expensive Streets in Colne

PostcodeStreetAreaAverageNo. of Sales
BB8 7GLBurling LaneColne£479,9504
BB8 7HRKeighley RoadColne£477,9874
BB8 9QWBarrowford RoadColne£475,9833
BB8 9QYNetherheys CloseColne£435,0003
BB8 7HLKeighley RoadColne£430,0003
BB8 7DSCastle RoadColne£385,4147
BB8 7HEKeighley RoadColne£377,5003
BB8 7HYBall Grove DriveColne£370,1663
BB8 8BULane TopTrawden£349,1666
BB8 0ANDiamond DriveColne£329,9705

Least Expensive Streets in Colne

PostcodeStreetAreaAverageNo. of Sales
BB8 0HHWilliam StreetColne£46,5647
BB8 0BDCleveland StreetColne£52,4995
BB8 8AFHawley StreetColne£53,3238
BB8 0EZBold StreetColne£53,3333
BB8 8AQThomas StreetColne£54,1663
BB8 0QYFern StreetColne£54,9595
BB8 0HFMidgley StreetColne£57,1905
BB8 8ATAtkinson StreetColne£58,3005
BB8 8FBCotton Mill WorksThe Arches£58,7229
BB8 9JESkelton StreetColne£58,9024

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