16, KNOTTS DRIVE, COLNE, BB8 8DH - £224,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 KNOTTS DRIVE is a very small detached house of 82m², built sometime between 1996 and 2002. It was last sold for £224,000 in September 2021, which was around 6% below the average September 2021 detached price in the Pendle local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

16 KNOTTS DRIVE Sold Prices

Land registry data shows two sales for 16 KNOTTS DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. One of the two 16 KNOTTS DRIVE sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 27 SEP	£224,000	£238,486	6% below HPI
1999 2 JUL	£69,995	£63,256	11% above HPI

16 KNOTTS DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The two 16 KNOTTS DRIVE sales from July 1999 and September 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 1999 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 16 KNOTTS DRIVE?

16 KNOTTS DRIVE is 82m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses in Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Colne, and where 16 KNOTTS DRIVE lies on this distribution: 12% of detached houses are smaller than 16 KNOTTS DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Colne.

16 KNOTTS DRIVE: Plot and Title Map

16 KNOTTS DRIVE sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 16 KNOTTS DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 KNOTTS DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 KNOTTS DRIVE?

16 KNOTTS DRIVE is located in COLNE, in the BB8 postcode district. The below map shows the position of No. 16 on KNOTTS DRIVE.