NORCROFT, RED LANE, COLNE, BB8 7JR - £750,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

NORCROFT is a very large extended detached house of 230m², built sometime between 1900 and 1929, which could now be worth an estimated £815,940. It was last sold for £750,000 in April 2022, which was around 198% above the average April 2022 detached price in the Pendle local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

NORCROFT Sold Prices

Land registry data shows two sales for NORCROFT 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 NORCROFT 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
2022 1 APR	£750,000	£251,604	198% above HPI
2011 3 MAR	£375,000	£166,594	125% above HPI

NORCROFT 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 NORCROFT sales from March 2011 and April 2022 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 2011 sale was for 125% above the HPI. So the extrapolation line tracks at 125% above the HPI over time, until the April 2022 sale, where it rises to 198% above the HPI. The line then continues to track at 198% above the HPI.

What might NORCROFT be worth now?

NORCROFT might now be worth an estimated £815,940.

This is based on house price inflation of 8.8%, between April 2022 and February 2025, 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 8.8% inflationary increase is applied to the most recent sale price for NORCROFT of £750,000 on 1st April 2022. For the value to have increased from £750,000 to £815,940 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of NORCROFT has moved in line with the HPI for detached houses in the Pendle local authority area.
• The April 2022 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of NORCROFT has not materially changed since April 2022.

How Large is NORCROFT?

NORCROFT is 230m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% 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 NORCROFT lies on this distribution: 95% of detached houses houses are smaller than NORCROFT, and 5% of houses are larger. Note that EPC data is not available for all properties in Colne.

NORCROFT: Plot and Title Map

NORCROFT sits on a plot of roughly 0.420 of an acre, or 1,699m². The below map shows the location of NORCROFT, 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 NORCROFT). 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 NORCROFT?

NORCROFT is located on RED LANE in COLNE, in the BB8 postcode district. The below map shows the position of NORCROFT on RED LANE.