FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Colne

Colne House Prices Colne House Prices

The average house price in Colne is £163,437 using HM Land Registry data.

The average property price increased by £24,997 (17.25%) over the last 5 years and increased by £4,996 (3.03%) over the last 12 months.

Over the last year, there were 212 residential property sales – a decrease of 141 transactions (-66.51%) relative to the previous year. The majority of house sales (59) were in the £102,000 - £144,000 range. Then came properties in the £60,000 - £102,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 90 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,688 (-3%).

In April 2024, there were 36 new estate agency instructions, 28 agreed home sales and 30 property price reductions.

Neighbouring Areas: Nelson

Postcodes Covered: BB8

5-Year Average Property Prices in Colne

17.25%

Property prices in Colne increased by 17.25% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Colne Over the Last Year

3.03%

Property prices in Colne increased by 3.03% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Colne - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Colne

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Colne

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Colne

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Colne since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Colne area since 1995.

Recent Property Sales in Colne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Russell Avenue, Colne, Lancashire, BB8 9LW£190,000£185,000-£5,00003 Jul 202326 Feb 2024238 Days
5 Peerart Court, Colne, Lancashire, BB8 8EH£80,000£79,000-£1,00030 Aug 202323 Feb 2024177 Days
23 Avondale Street, Colne, Lancashire, BB8 0PN£149,950£141,000-£8,95025 Jun 202302 Feb 2024222 Days
16 Dickson Street, Colne, Lancashire, BB8 9LU£80,000£80,000£0030 Aug 202326 Jan 2024149 Days
3 Gordon Street, Colne, Lancashire, BB8 0NE£45,000£39,999-£5,00112 Apr 202226 Jan 2024654 Days
12 Grindlestone Hirst, Colne, Lancashire, BB8 8BF£160,000£155,000-£5,00015 Oct 202326 Jan 2024103 Days
11 Red Lane, Colne, Lancashire, BB8 7JX£243,950£233,850-£10,10031 Jul 202326 Jan 2024179 Days
28 Bents, Colne, Lancashire, BB8 7AH£385,000£343,000-£42,00026 Apr 202312 Jan 2024261 Days
19 South Valley Drive, Colne, Lancashire, BB8 8BQ£179,950£175,000-£4,95024 Aug 202308 Jan 2024137 Days
20 Lidgett, Colne, Lancashire, BB8 7AF£135,000£135,000£0020 Jul 202305 Jan 2024169 Days
5 Curzon Street, Colne, Lancashire, BB8 0HD£99,950£92,000-£7,95029 Jun 202305 Jan 2024190 Days
3 Mason Street, Colne, Lancashire, BB8 9BU£70,000£66,500-£3,50011 Jul 202319 Dec 2023161 Days
Malt House, Keighley Road, Colne, Lancashire, BB8 7HE£350,000£325,000-£25,00019 Aug 202118 Dec 2023851 Days
5 Glenroy Avenue, Colne, Lancashire, BB8 9ET£150,000£140,000-£10,00021 Jul 202315 Dec 2023147 Days
42 Chatham Street, Colne, Lancashire, BB8 9LR£150,000£143,500-£6,50019 Jan 202308 Dec 2023323 Days
63 Ellesmere Avenue, Colne, Lancashire, BB8 0QR£70,000£70,000£0019 Aug 202301 Dec 2023104 Days
5 Hartley Street, Colne, Lancashire, BB8 9DF£60,000£55,000-£5,00018 May 202330 Nov 2023196 Days
21 Standroyd Drive, Colne, Lancashire, BB8 7BG£325,000£315,000-£10,00003 Jun 202330 Nov 2023180 Days
23 Dickson Street, Colne, Lancashire, BB8 9LU£100,000£100,000£0013 Jul 202324 Nov 2023134 Days
4 Clarence Street, Colne, Lancashire, BB8 0PP£155,000£142,500-£12,50004 Jul 202324 Nov 2023143 Days

Most Expensive Streets in Colne

PostcodeStreetAreaAverageNo. of Sales
BB8 7GLBurling LaneColne£479,9504
BB8 9QWBarrowford RoadColne£475,9833
BB8 7AABent LaneColne£459,9833
BB8 7HRKeighley RoadColne£456,2254
BB8 9QYNetherheys CloseColne£435,0003
BB8 7HZMillbrook CourtColne£418,3163
BB8 7HLKeighley RoadColne£404,5004
BB8 8BULane TopTrawden£392,0005
BB8 7DSCastle RoadColne£368,2717
BB8 7HEKeighley RoadColne£336,9005

Least Expensive Streets in Colne

PostcodeStreetAreaAverageNo. of Sales
BB8 0HHWilliam StreetColne£48,2787
BB8 0BDCleveland StreetColne£50,43710
BB8 9PBHargreaves StreetColne£51,4984
BB8 0EZBold StreetColne£53,3333
BB8 8AQThomas StreetColne£54,1663
BB8 0QYFern StreetColne£55,4153
BB8 0HFMidgley StreetColne£57,1905
BB8 8AFHawley StreetColne£58,4306
BB8 8FBCotton Mill WorksThe Arches£58,8577
BB8 9JESkelton StreetColne£58,9024

Explore Colne and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Lancashire
Property Auctions Lancashire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark