House prices in BB8 0 (Colne)

This article reveals price per square metre data and various charts to help you understand current housing market in 'BB8 0' (Colne) - statistics were last calculated on 04 October 2024.

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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. There are no official names for postcode sectors so I've just labelled it Colne.

You can click on the map to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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FYI, a postcode sector is the full postcode without the last two letters.

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. 6, Castle Close, Colne, sold for £235,000 on Jul-2024. Given the internal area of 95 square metres, the price per sqm is £2,473.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters 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 119 sales in Colne (BB8 0) that took place in the last two years.

Generate a custom chart like the one above but based on your own criteria.

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 119 transactions, half were sold for between £950 and £1,570 per square metre. The median, or 'middle', price per square metre in 'BB8 0' is £1,250. Notably, only 25% of properties that sold recently were valued at more than £1,570 sqm. 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	£950 sqm	£1,250 sqm	£1,570 sqm
BB8 8 Trawden	£1,110 sqm	£1,780 sqm	£2,470 sqm
BB8 7 Foulridge	£1,880 sqm	£2,310 sqm	£2,940 sqm
BB8 9 Colne	£1,130 sqm	£1,440 sqm	£1,810 sqm

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 chart below for BB8 0 (Colne) compared with both the wider area BB8 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Colne to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. 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.

Street level data

Street	Avg size	Avg £sqm	Recent sales
Skipton Road, Colne, BB8 0N	104 sqm	£1,398	27
Clarence Street, Colne, BB8 0P	93 sqm	£1,447	11
Colne Lane, Colne, BB8 0D	72 sqm	£1,220	10
Portland Street, Colne, BB8 0L	85 sqm	£1,306	9
Duke Street, Colne, BB8 0S	90 sqm	£875	9
Basil Street, Colne, BB8 0E	68 sqm	£1,042	8
Craven Street, Colne, BB8 0P	88 sqm	£1,394	8
Oak Street, Colne, BB8 0A	79 sqm	£845	8

Search for your street here.

New build activity

Street	Avg size	Avg £sqm	New build sales
Oak Mill Drive, Colne, BB8 0A	75 sqm	£2,180	19

Oak Mill Drive, Colne, BB8 0A has seen 19 new build sales in the last 4 years (average price £160,997). These new build homes typically have an internal area of 75 sqm, with an average price of £2,180 sqm. This £sqm average is £930 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.

Address	Paid	sqm	£/sqm
6, Castle Close, Colne	£235,000 Jul-2024	95	2,473
46, Earl St, Colne	£52,000 Jul-2024	104	500
26, Fern St, Colne	£47,000 Jul-2024	67	701

See the entire list of all sales in Colne (BB8 0) here.