16, GRINDLESTONE HIRST, COLNE, BB8 8BF - £135,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 GRINDLESTONE HIRST is a very small extended semi-detached house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £238,893. It was last sold for £135,000 in March 2012, which was around 42% above the average March 2012 semi-detached price in the Pendle local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

16 GRINDLESTONE HIRST Sold Prices

Land registry data shows four sales for 16 GRINDLESTONE HIRST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Pendle local authority area for the corresponding sale date. All of the four 16 GRINDLESTONE HIRST sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 1 MAR	£135,000	£95,038	42% above HPI
2008 1 MAY	£140,000	£113,945	23% above HPI
2006 6 APR	£124,500	£90,157	38% above HPI
2002 20 SEP	£66,000	£40,892	61% above HPI

16 GRINDLESTONE HIRST Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Pendle local authority area over time, sourced from the HPI. The four 16 GRINDLESTONE HIRST sales between September 2002 and March 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2008 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the March 2012 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 16 GRINDLESTONE HIRST be worth now?

16 GRINDLESTONE HIRST might now be worth an estimated £238,893.

This is based on house price inflation of 77%, between March 2012 and March 2025, for semi-detached houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 77% inflationary increase is applied to the most recent sale price for 16 GRINDLESTONE HIRST of £135,000 on 1st March 2012. For the value to have increased from £135,000 to £238,893 over the thirteen years to March 2025, the following assumptions must hold true:

• The value of 16 GRINDLESTONE HIRST has moved in line with the HPI for semi-detached houses in the Pendle local authority area.
• The March 2012 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GRINDLESTONE HIRST has not materially changed since March 2012.

How Large is 16 GRINDLESTONE HIRST?

16 GRINDLESTONE HIRST is 70m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of semi-detached houses houses in Colne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colne, and where 16 GRINDLESTONE HIRST lies on this distribution: 4% of semi-detached houses houses are smaller than 16 GRINDLESTONE HIRST, and 96% of houses are larger. Note that EPC data is not available for all properties in Colne.

16 GRINDLESTONE HIRST: Plot and Title Map

16 GRINDLESTONE HIRST sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of 16 GRINDLESTONE HIRST, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 16 GRINDLESTONE HIRST). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 16 GRINDLESTONE HIRST?

16 GRINDLESTONE HIRST is located in COLNE, in the BB8 postcode district. The below map shows the position of No. 16 on GRINDLESTONE HIRST.