BURWAINS, LAKE VIEW ROAD, COLNE, BB8 7JS - £300,000

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

BURWAINS is a large detached house of 138m², built sometime between 1950 and 1966. It was last sold for £300,000 in July 2010, which was around 78% above the average July 2010 detached price in the Pendle local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was D.

BURWAINS Sold Prices

Land registry data shows two sales for BURWAINS 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. Both of the two BURWAINS 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
2010 30 JUL	£300,000	£169,006	78% above HPI
1997 10 NOV	£110,000	£65,565	68% above HPI

BURWAINS 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 BURWAINS sales from November 1997 and July 2010 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 November 1997 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the July 2010 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is BURWAINS?

BURWAINS is 138m² according to the EPC inspection conducted in March 2009. This puts it in the largest 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 BURWAINS lies on this distribution: 70% of detached houses are smaller than BURWAINS, and 30% of houses are larger. Note that EPC data is not available for all properties in Colne.

BURWAINS: Plot and Title Map

BURWAINS sits on a plot of roughly 0.204 of an acre, or 826m². The below map shows the location of BURWAINS, 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 BURWAINS). 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 BURWAINS?

BURWAINS is located on LAKE VIEW ROAD in COLNE, in the BB8 postcode district. The below map shows the position of BURWAINS on LAKE VIEW ROAD.