FARM HOUSE, EMMOTT LANE, COLNE, BB8 7JE - £405,000

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

FARM HOUSE is a very large extended detached house of 185m², built sometime before 1900. It was last sold for £405,000 in July 2018, which was around 117% above the average July 2018 detached price in the Pendle local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

FARM HOUSE Sold Prices

Land registry data shows three sales for FARM HOUSE 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 FARM HOUSE 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
2018 27 JUL	£405,000	£186,996	117% above HPI
2013 26 JUL	£250,000	£157,607	59% above HPI
2004 27 MAY	£250,000	£97,573	156% above HPI

FARM HOUSE 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 FARM HOUSE sales between May 2004 and July 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 July 2013 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the July 2018 sale, where it rises to 117% above the HPI. The line then continues to track at 117% above the HPI.

How Large is FARM HOUSE?

FARM HOUSE is 185m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 20% of detached houses in Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Colne, and where FARM HOUSE lies on this distribution: 89% of detached houses are smaller than FARM HOUSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Colne.

FARM HOUSE: Plot and Title Map

FARM HOUSE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of FARM HOUSE, 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 FARM HOUSE). 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 FARM HOUSE?

FARM HOUSE is located on EMMOTT LANE in COLNE, in the BB8 postcode district. The below map shows the position of FARM HOUSE on EMMOTT LANE.