# House prices in BB8 9 (Colne)

## Defining 'BB8 9'

This analysis is limited to properties whose postcode starts with "BB8 9", 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 labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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. 89, Derby Street, Colne, sold for £64,000 on Mar-2024. Given the internal area of 103 square metres, the price per sqm is £621.

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. £1,900-£2,000, £2,000-£2,100, £2,100-£2,200 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 184 sales in Colne (BB8 9) that took place in the last two years.

##### Distribution of £ per sqm for Colne
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 9). Of the 184 transactions, half were sold for between £1,130 and £1,800 per square metre. The median, or 'middle', price per square metre in 'BB8 9' is £1,390. Notably, only 25% of properties that sold recently were valued at more than £1,800 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 9' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BB8 0 Colne £910 sqm £1,200 sqm £1,480 sqm
BB8 8 Trawden £1,140 sqm £1,780 sqm £2,430 sqm
BB8 7 Foulridge £1,950 sqm £2,430 sqm £2,960 sqm
BB8 9 Colne £1,130 sqm £1,390 sqm £1,800 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 9 (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.

##### Historic price per square metre in Colne,Colne
House price trends for Colne

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.

##### Most recent BB8 9 sales
Recent trends for Colne

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
Langroyd Road, Colne, BB8 9E 81 sqm £1,337 21
Barrowford Road, Colne, BB8 9Q 134 sqm £2,005 20
Glen Street, Colne, BB8 9E 68 sqm £1,067 18
Alkincoats Road, Colne, BB8 9Q 108 sqm £1,455 18
Birtwistle Avenue, Colne, BB8 9R 82 sqm £1,596 15
Parker Street, Colne, BB8 9Q 85 sqm £1,477 13
Grenfell Gardens, Colne, BB8 9P 146 sqm £2,585 11
Dickson Street, Colne, BB8 9L 63 sqm £1,314 11

## 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.