2, CASTERCLIFF BANK, COLNE, BB8 8DJ - £231,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 CASTERCLIFF BANK is a small detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £290,456. It was last sold for £231,000 in October 2020, which was around 6% above the average October 2020 detached price in the Pendle local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

2 CASTERCLIFF BANK Sold Prices

Land registry data shows four sales for 2 CASTERCLIFF BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. Most of the four 2 CASTERCLIFF BANK sales were 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
2020 2 OCT	£231,000	£217,694	6% above HPI
2015 16 JUL	£175,000	£181,913	4% below HPI
2003 17 APR	£140,000	£81,455	72% above HPI
2000 6 DEC	£89,995	£67,567	33% above HPI

2 CASTERCLIFF BANK 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 four 2 CASTERCLIFF BANK sales between December 2000 and October 2020 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 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 2 CASTERCLIFF BANK be worth now?

2 CASTERCLIFF BANK might now be worth an estimated £290,456.

This is based on house price inflation of 25.7%, between October 2020 and February 2025, for detached houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.7% inflationary increase is applied to the most recent sale price for 2 CASTERCLIFF BANK of £231,000 on 2nd October 2020. For the value to have increased from £231,000 to £290,456 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 CASTERCLIFF BANK has moved in line with the HPI for detached houses in the Pendle local authority area.
• The October 2020 sale price of £231,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CASTERCLIFF BANK has not materially changed since October 2020.

How Large is 2 CASTERCLIFF BANK?

2 CASTERCLIFF BANK is 104m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses houses in Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colne, and where 2 CASTERCLIFF BANK lies on this distribution: 31% of detached houses houses are smaller than 2 CASTERCLIFF BANK, and 69% of houses are larger. Note that EPC data is not available for all properties in Colne.

2 CASTERCLIFF BANK: Plot and Title Map

2 CASTERCLIFF BANK sits on a plot of roughly 0.093 of an acre, or 378m². The below map shows the location of 2 CASTERCLIFF BANK, 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 2 CASTERCLIFF BANK). 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 2 CASTERCLIFF BANK?

2 CASTERCLIFF BANK is located in COLNE, in the BB8 postcode district. The below map shows the position of No. 2 on CASTERCLIFF BANK.