6, RED LANE, COLNE, BB8 7JX - £175,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

6 RED LANE is a small semi-detached house of 97m², built sometime between 1967 and 1975. It was last sold for £175,000 in October 2018, which was around 12% below the average October 2018 detached price in the Pendle local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

6 RED LANE Sold Prices

Land registry data shows two sales for 6 RED LANE 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 6 RED LANE 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
2018 12 OCT	£175,000	£199,054	12% below HPI
1999 11 MAR	£77,000	£58,653	31% above HPI

6 RED LANE 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 6 RED LANE sales from March 1999 and October 2018 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 March 1999 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the October 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 6 RED LANE?

6 RED LANE is 97m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of detached houses in Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Colne, and where 6 RED LANE lies on this distribution: 26% of detached houses are smaller than 6 RED LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Colne.

6 RED LANE: Plot and Title Map

6 RED LANE sits on a plot of roughly 0.099 of an acre, or 403m². The below map shows the location of 6 RED LANE, 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 6 RED LANE). 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 6 RED LANE?

6 RED LANE is located in COLNE, in the BB8 postcode district. The below map shows the position of No. 6 on RED LANE.