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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 71% 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	£175,346	71% above HPI
1997 10 NOV	£110,000	£68,024	62% 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 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the July 2010 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might BURWAINS be worth now?

BURWAINS might now be worth an estimated £475,279.

This is based on house price inflation of 58.4%, between July 2010 and December 2024, 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 58.4% inflationary increase is applied to the most recent sale price for BURWAINS of £300,000 on 30th July 2010. For the value to have increased from £300,000 to £475,279 over the thirteen years and seven months to December 2024, the following assumptions must hold true:

• The value of BURWAINS has moved in line with the HPI for detached houses in the Pendle local authority area.
• The July 2010 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of BURWAINS has not materially changed since July 2010.

How Large is BURWAINS?

BURWAINS is 138m² according to the EPC inspection conducted in March 2009. This puts it in the largest 30% of detached houses houses in Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colne, and where BURWAINS lies on this distribution: 70% of detached houses 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.