Feb 07, 2023 by HM

House prices in Foulridge (BB8 7)

This article reveals price per square metre data and various charts to help you understand current housing market in Foulridge (BB8 7).


Defining 'BB8 7'

This analysis is limited to properties whose postcode starts with "BB8 7", 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 Foulridge 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. 137, Cotton Tree Lane, Foulridge, Colne, sold for £190,000 on Jan-2024. Given the internal area of 81 square metres, the price per sqm is £2,345.

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. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 110 sales in Foulridge (BB8 7) that took place in the last two years.

Distribution of £ per sqm for Foulridge (BB8 7)
Distribution of £ per sqm house prices in Foulridge

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 Foulridge (BB8 7). Of the 110 transactions, half were sold for between £1,930 and £2,980 per square metre. The median, or 'middle', price per square metre in 'BB8 7' is £2,430. Notably, only 25% of properties that sold recently were valued at more than £2,980m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Foulridge

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 Foulridge. 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.

Property price heatmap for Foulridge
House price heatmap for Foulridge

Comparison with neighbouring postcode sectors

The table below shows how 'BB8 7' 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 Foulridge 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 7 (Foulridge). 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 7 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Foulridge (BB8 7) over time
House price trends for Foulridge

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Foulridge 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 Foulridge data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Keighley Road, Foulridge, BB8 7H 148m2 £1,972 20
Cotton Tree Lane, Foulridge, BB8 7B 97m2 £1,632 15
Standroyd Drive, Foulridge, BB8 7B 94m2 £2,655 9
The Meadows, Foulridge, BB8 7E 82m2 £2,545 9
Skipton Old Road, Foulridge, BB8 7E 146m2 £2,982 8
Towler Drive, Foulridge, BB8 7G 118m2 £2,872 8
Emmott Lane, Foulridge, BB8 7J 84m2 £2,110 8
Skipton Old Road, Foulridge, BB8 7Q 113m2 £2,794 8

Search for your street here.

New build activity

Street Avg size Avg £/m2 New build sales
Buttercup Close, Foulridge, BB8 7A 86m2 £2,371 9

Buttercup Close, Foulridge, BB8 7A has seen 9 new build sales in the last 4 years (average price £210,555). These new build homes typically have an internal area of 86 m2, with an average price of £2,371 m2. This £sqm average is £-59 below the average for BB8 7. New builds typically command a £ per sqm premium. In the case of Buttercup Close the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Foulridge 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 m2 £/m2
137, Cotton Tree Lane, Foulridge, Colne £190,000
Jan-2024
81 2,345
11, Red Lane, Foulridge, Colne £233,850
Jan-2024
94 2,487
28, Bents, Foulridge, Colne £343,000
Jan-2024
151 2,271

See the entire list of all sales in Foulridge (BB8 7) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.