Feb 07, 2023 by HM

# House prices in Colne (BB8 0)

## Defining 'BB8 0'

This analysis is limited to properties whose postcode starts with "BB8 0", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

## Price per square metre

Knowing the average house price in Colne is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 19, Craven Street, Colne, sold for £92,400 on Feb-2024. Given the internal area of 73 square metres, the price per sqm is £1,265.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £1,800-£2,000, £2,000-£2,200, £2,200-£2,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 178 sales in Colne (BB8 0) that took place in the last two years.

##### Distribution of £ per sqm for Colne (BB8 0)
Distribution of £ per sqm house prices in Colne

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Colne (BB8 0). Of the 178 transactions, half were sold for between £890 and £1,480 per square metre. The median, or 'middle', price per square metre in 'BB8 0' is £1,190. Notably, only 25% of properties that sold recently were valued at more than £1,480m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Colne

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Colne. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Colne

## Comparison with neighbouring postcode sectors

The table below shows how 'BB8 0' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB8 0 Colne £890m2 £1,190m2 £1,480m2
BB8 8 Trawden £1,150m2 £1,790m2 £2,400m2
BB8 7 Foulridge £1,930m2 £2,430m2 £2,980m2
BB8 9 Colne £1,130m2 £1,380m2 £1,800m2

## Will Colne house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BB8 0 (Colne). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BB8 0 and the blue dots are the individual property sales that inform this trend.

##### Price per square metre in Colne (BB8 0) over time
House price trends for Colne

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Colne and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Colne data or any other data I am given.

## Street level data

Street Avg size Avg £/m2 Recent sales
Oak Street, Colne, BB8 0A 78m2 £874 14
Basil Street, Colne, BB8 0E 68m2 £947 14
Duke Street, Colne, BB8 0S 89m2 £920 11
Colne Lane, Colne, BB8 0D 72m2 £1,142 11
Clarence Street, Colne, BB8 0P 94m2 £1,472 10
Portland Street, Colne, BB8 0L 85m2 £1,306 9
Cleveland Street, Colne, BB8 0B 62m2 £894 9
William Street, Colne, BB8 0H 73m2 £624 9

## New build activity

Street Avg size Avg £/m2 New build sales
Skipton Road, Colne, BB8 0N 103m2 £1,407 10
Oak Mill Drive, Colne, BB8 0A 75m2 £2,187 19

Skipton Road, Colne, BB8 0N has seen 10 new build sales in the last 4 years (average price £145,136). These new build homes typically have an internal area of 103 m2, with an average price of £1,407 m2. This £sqm average is £217 above the average for BB8 0. New builds typically command a £ per sqm premium so this is normal.

## Raw data

Our analysis of Colne is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.