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).

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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. 24, The Meadows, Foulridge, Colne, sold for £244,950 on Jul-2023. Given the internal area of 88 square metres, the price per sqm is £2,783.

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. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 117 sales in Foulridge (BB8 7) that took place in the last two years.

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.

That said, the spread of prices will give you a feel of the typical range to expect in Foulridge (BB8 7). Of the 117 transactions, half were sold for between £1,880 and £2,940 per square metre. Notably, only 25% of properties that sold recently were valued at more than £2,940m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BB8 7' is £2,340. The table below shows how 'BB8 7' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
BB8 0 Colne	£880m2	£1,170m2	£1,490m2
BB8 7 Foulridge	£1,880m2	£2,340m2	£2,940m2
BB8 9 Colne	£1,130m2	£1,380m2	£1,740m2
BB8 8 Trawden	£1,160m2	£1,820m2	£2,210m2

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.

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.

Price map for Foulridge

I've just finished coding the map I link to below. 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. I will explain more about the methodology and create a key next week.

House price heatmap for Foulridge

Street level data

Street	Avg size	Avg £/m2	Recent sales
Keighley Road, Foulridge, BB8 7H	149m2	£2,054	18
Cotton Tree Lane, Foulridge, BB8 7B	97m2	£1,567	16
The Meadows, Foulridge, BB8 7E	82m2	£2,472	11
Skipton Old Road, Foulridge, BB8 7Q	114m2	£2,360	10
Emmott Lane, Foulridge, BB8 7J	84m2	£2,084	9
Standroyd Drive, Foulridge, BB8 7B	94m2	£2,624	8
Skipton Old Road, Foulridge, BB8 7E	147m2	£2,982	8
Sheridan Road, Foulridge, BB8 7H	80m2	£1,599	7

Search for your street here.

New build activity

Street	Avg size	Avg £/m2	New build sales
Towler Drive, Foulridge, BB8 7G	116m2	£2,838	11
Buttercup Close, Foulridge, BB8 7A	86m2	£2,351	12

Towler Drive, Foulridge, BB8 7G has seen 11 new build sales in the last 4 years (average price £264,600). These new build homes typically have an internal area of 116 m2, with an average price of £2,838 m2. This £sqm average is £498 above the average for BB8 7. New builds typically command a £ per sqm premium so this is normal.

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
24, The Meadows, Foulridge, Colne	£244,950 Jul-2023	88	2,783
9, Regent Avenue, Foulridge, Colne	£216,250 Jul-2023	109	1,983
38, Standroyd Drive, Foulridge, Colne	£170,000 Jun-2023	55	3,090

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