2, THE MEADOWS, COLNE, BB8 7ET - £205,000

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

2 THE MEADOWS is a small detached house of 103m², built sometime between 1991 and 1995. It was last sold for £205,000 in March 2016, which was around 28% above the average March 2016 detached price in the Pendle local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

2 THE MEADOWS Sold Prices

Land registry data shows three sales for 2 THE MEADOWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. All of the three 2 THE MEADOWS 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
2016 24 MAR	£205,000	£160,691	28% above HPI
2003 7 FEB	£135,000	£74,643	81% above HPI
1996 4 JUL	£82,950	£57,639	44% above HPI

2 THE MEADOWS 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 three 2 THE MEADOWS sales between July 1996 and March 2016 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 February 2003 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the March 2016 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 2 THE MEADOWS?

2 THE MEADOWS is 103m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% of detached houses in Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Colne, and where 2 THE MEADOWS lies on this distribution: 31% of detached houses are smaller than 2 THE MEADOWS, and 69% of houses are larger. Note that EPC data is not available for all properties in Colne.

2 THE MEADOWS: Plot and Title Map

2 THE MEADOWS sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 2 THE MEADOWS, 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 THE MEADOWS). 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 THE MEADOWS?

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