THE WOODS, LENCHES ROAD, COLNE, BB8 8EZ - £390,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE WOODS is a very large extended detached house of 180m², built sometime between 1983 and 1990. It was last sold for £390,000 in January 2019, which was around 107% above the average January 2019 detached price in the Pendle local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

THE WOODS Sold Prices

Land registry data shows two sales for THE WOODS 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 THE WOODS 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
2019 23 JAN	£390,000	£188,620	107% above HPI
2003 24 FEB	£195,000	£74,643	161% above HPI

THE WOODS 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 THE WOODS sales from February 2003 and January 2019 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 February 2003 sale was for 161% above the HPI. So the extrapolation line tracks at 161% above the HPI over time, until the January 2019 sale, where it falls to 107% above the HPI. The line then continues to track at 107% above the HPI.

How Large is THE WOODS?

THE WOODS is 180m², which includes four extensions, according to the EPC inspection conducted in May 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 THE WOODS lies on this distribution: 88% of detached houses are smaller than THE WOODS, and 12% of houses are larger. Note that EPC data is not available for all properties in Colne.

THE WOODS: Plot and Title Map

THE WOODS sits on a plot of roughly 4.1 acres, or 16,446m². The below map shows the location of THE WOODS, 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 THE WOODS). 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 THE WOODS?

THE WOODS is located on LENCHES ROAD in COLNE, in the BB8 postcode district. The below map shows the position of THE WOODS on LENCHES ROAD.