61, SKIPTON ROAD, COLNE, BB8 0NU - £67,900

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.

61 SKIPTON ROAD is a midsized extended terraced house of 77m², built sometime between 1900 and 1929, which could now be worth an estimated £85,772. It was last sold for £67,900 in December 2021, which was around 36% below the average December 2021 terraced price in the Pendle local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

61 SKIPTON ROAD Sold Prices

Land registry data shows four sales for 61 SKIPTON ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Pendle local authority area for the corresponding sale date. Most of the four 61 SKIPTON ROAD sales were for below 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
2021 17 DEC	£67,900	£105,279	36% below HPI
2005 22 JUL	£51,605	£58,553	12% below HPI
2001 25 JUL	£34,950	£27,984	25% above HPI
2001 18 APR	£15,000	£25,603	41% below HPI

61 SKIPTON ROAD 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 four 61 SKIPTON ROAD sales between April 2001 and December 2021 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 July 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 61 SKIPTON ROAD be worth now?

61 SKIPTON ROAD might now be worth an estimated £85,772.

This is based on house price inflation of 26.3%, between December 2021 and May 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 26.3% inflationary increase is applied to the most recent sale price for 61 SKIPTON ROAD of £67,900 on 17th December 2021. For the value to have increased from £67,900 to £85,772 over the five years and seven months to May 2026, the following assumptions must hold true:

• The value of 61 SKIPTON ROAD has moved in line with the HPI for terraced houses in the Pendle local authority area.
• The December 2021 sale price of £67,900 represented a fair market value for the property.
• The size, condition, and specification of 61 SKIPTON ROAD has not materially changed since December 2021.

How Large is 61 SKIPTON ROAD?

61 SKIPTON ROAD is 77m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of terraced houses in Colne, based on EPC data. The below chart shows the distribution of terraced houses by size in Colne, and where 61 SKIPTON ROAD lies on this distribution: 43% of terraced houses are smaller than 61 SKIPTON ROAD, and 55% of terraced houses are larger. Note that EPC data is not available for all properties in Colne.

Where is 61 SKIPTON ROAD?

61 SKIPTON ROAD is located in COLNE, in the BB8 postcode district.