5, BACK LANE, TRAWDEN, COLNE, BB8 8PQ - £178,500

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.

5 BACK LANE is a small extended terraced house of 76m², built sometime before 1900, which could now be worth an estimated £265,205. It was last sold for £178,500 in October 2019, which was around 100% above the average October 2019 terraced price in the Pendle local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

5 BACK LANE Sold Prices

Land registry data shows three sales for 5 BACK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Pendle local authority area for the corresponding sale date. All of the three 5 BACK LANE 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
2019 11 OCT	£178,500	£89,140	100% above HPI
2007 10 SEP	£146,400	£92,650	58% above HPI
2004 23 JUL	£105,000	£48,035	119% above HPI

5 BACK LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Pendle local authority area over time, sourced from the HPI. The three 5 BACK LANE sales between July 2004 and October 2019 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 September 2007 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the October 2019 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might 5 BACK LANE be worth now?

5 BACK LANE might now be worth an estimated £265,205.

This is based on house price inflation of 48.6%, between October 2019 and April 2026, for terraced 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 48.6% inflationary increase is applied to the most recent sale price for 5 BACK LANE of £178,500 on 11th October 2019. For the value to have increased from £178,500 to £265,205 over the seven years and six months to April 2026, the following assumptions must hold true:

• The value of 5 BACK LANE has moved in line with the HPI for terraced houses in the Pendle local authority area.
• The October 2019 sale price of £178,500 represented a fair market value for the property.
• The size, condition, and specification of 5 BACK LANE has not materially changed since October 2019.

How Large is 5 BACK LANE?

5 BACK LANE is 76m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 30% of terraced houses houses in Trawden, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Trawden, and where 5 BACK LANE lies on this distribution: 28% of terraced houses houses are smaller than 5 BACK LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Trawden.

5 BACK LANE: Plot and Title Map

5 BACK LANE sits on a plot of roughly 0.020 of an acre, or 82m². The below map shows the location of 5 BACK LANE, 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 5 BACK LANE). 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 5 BACK LANE?

5 BACK LANE is located in TRAWDEN, in the BB8 postcode district. The below map shows the position of No. 5 on BACK LANE.