3, LOWER ROUGH DRIVE, COLNE, BB8 7AQ - £284,995

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.

3 LOWER ROUGH DRIVE is a small detached house of 106m², built in 2018, which could now be worth an estimated £377,547. It was last sold for £284,995 in December 2020, which was around 28% above the average December 2020 detached price in the Pendle local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

3 LOWER ROUGH DRIVE Sold Prices

Land registry data shows two sales for 3 LOWER ROUGH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. Both of the two 3 LOWER ROUGH DRIVE 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
2020 18 DEC	£284,995	£223,116	28% above HPI
2018 10 OCT	£2,625,000	£206,522	1171% above HPI

3 LOWER ROUGH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The two 3 LOWER ROUGH DRIVE sales from October 2018 and December 2020 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 October 2018 sale was for 1171% above the HPI. So the extrapolation line tracks at 1171% above the HPI over time, until the December 2020 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 3 LOWER ROUGH DRIVE be worth now?

3 LOWER ROUGH DRIVE might now be worth an estimated £377,547.

This is based on house price inflation of 32.5%, between December 2020 and July 2026, for 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 32.5% inflationary increase is applied to the most recent sale price for 3 LOWER ROUGH DRIVE of £284,995 on 18th December 2020. For the value to have increased from £284,995 to £377,547 over the six years and five months to July 2026, the following assumptions must hold true:

• The value of 3 LOWER ROUGH DRIVE has moved in line with the HPI for detached houses in the Pendle local authority area.
• The December 2020 sale price of £284,995 represented a fair market value for the property.
• The size, condition, and specification of 3 LOWER ROUGH DRIVE has not materially changed since December 2020.

How Large is 3 LOWER ROUGH DRIVE?

3 LOWER ROUGH DRIVE is 106m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses houses in Colne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colne, and where 3 LOWER ROUGH DRIVE lies on this distribution: 32% of detached houses houses are smaller than 3 LOWER ROUGH DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Colne.

3 LOWER ROUGH DRIVE: Plot and Title Map

3 LOWER ROUGH DRIVE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 3 LOWER ROUGH DRIVE, 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 3 LOWER ROUGH DRIVE). 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 3 LOWER ROUGH DRIVE?

3 LOWER ROUGH DRIVE is located in COLNE, in the BB8 postcode district. The below map shows the position of No. 3 on LOWER ROUGH DRIVE.