5, KNOTTS DRIVE, COLNE, BB8 8DH - £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

5 KNOTTS DRIVE is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £205,000 in February 2021, which was around 7% below the average February 2021 detached price in the Pendle local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

5 KNOTTS DRIVE Sold Prices

Land registry data shows five sales for 5 KNOTTS DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. The five 5 KNOTTS DRIVE sales were a mix of below the average price, roughly equal to the average price, and 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 12 FEB	£205,000	£219,605	7% below HPI
2016 22 JAN	£168,000	£168,783	Close to HPI
2005 14 DEC	£149,950	£139,117	8% above HPI
2003 28 AUG	£110,000	£92,679	19% above HPI
1999 1 OCT	£73,995	£62,653	18% above HPI

5 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 five 5 KNOTTS DRIVE sales between October 1999 and February 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 January 2016 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 KNOTTS DRIVE?

5 KNOTTS DRIVE is 79m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% of detached houses in Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Colne, and where 5 KNOTTS DRIVE lies on this distribution: 7% of detached houses are smaller than 5 KNOTTS DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Colne.

5 KNOTTS DRIVE: Plot and Title Map

5 KNOTTS DRIVE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 5 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 5 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 5 KNOTTS DRIVE?

5 KNOTTS DRIVE is located in COLNE, in the BB8 postcode district. The below map shows the position of No. 5 on KNOTTS DRIVE.