3, ROWAN DRIVE, FOULRIDGE, COLNE, BB8 7RE - £499,000

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.

3 ROWAN DRIVE is a very large detached house of 192m², which could now be worth an estimated £585,566. It was last sold for £499,000 in March 2021, which was around 112% above the average March 2021 detached price in the Pendle local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was B.

3 ROWAN DRIVE Sold Prices

Land registry data shows three sales for 3 ROWAN DRIVE 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 3 ROWAN DRIVE 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
2021 26 MAR	£499,000	£235,025	112% above HPI
2019 8 APR	£395,000	£194,463	103% above HPI
2017 20 NOV	£200,000	£192,661	4% above HPI

3 ROWAN 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 three 3 ROWAN DRIVE sales between November 2017 and March 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 April 2019 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the March 2021 sale, where it rises to 112% above the HPI. The line then continues to track at 112% above the HPI.

What might 3 ROWAN DRIVE be worth now?

3 ROWAN DRIVE might now be worth an estimated £585,566.

This is based on house price inflation of 17.3%, between March 2021 and March 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 17.3% inflationary increase is applied to the most recent sale price for 3 ROWAN DRIVE of £499,000 on 26th March 2021. For the value to have increased from £499,000 to £585,566 over the four years to March 2025, the following assumptions must hold true:

• The value of 3 ROWAN DRIVE has moved in line with the HPI for detached houses in the Pendle local authority area.
• The March 2021 sale price of £499,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ROWAN DRIVE has not materially changed since March 2021.

How Large is 3 ROWAN DRIVE?

3 ROWAN DRIVE is 192m² according to the EPC inspection conducted in March 2021. This puts it in the largest 20% of detached houses houses in Foulridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Foulridge, and where 3 ROWAN DRIVE lies on this distribution: 83% of detached houses houses are smaller than 3 ROWAN DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Foulridge.

3 ROWAN DRIVE: Plot and Title Map

3 ROWAN DRIVE sits on a plot of roughly 0.198 of an acre, or 803m². The below map shows the location of 3 ROWAN 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 3 ROWAN 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 3 ROWAN DRIVE?

3 ROWAN DRIVE is located in FOULRIDGE, in the BB8 postcode district. The below map shows the position of No. 3 on ROWAN DRIVE.