CLOUD EDGE, RED LANE, COLNE, BB8 7JR - £200,000

CLOUD EDGE is a very large extended semi-detached house of 255m², built sometime between 1950 and 1966. It was last sold for £200,000 in January 2016, which was around 18% above the average January 2016 detached price in the Pendle local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

CLOUD EDGE Sold Prices

Land registry data shows three sales for CLOUD EDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. All of the three CLOUD EDGE 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
2016 4 JAN	£200,000	£168,783	18% above HPI
2015 9 JAN	£355,500	£160,096	122% above HPI
2003 22 OCT	£180,000	£89,064	102% above HPI

CLOUD EDGE 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 three CLOUD EDGE sales between October 2003 and January 2016 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 January 2015 sale was for 122% above the HPI. So the extrapolation line tracks at 122% above the HPI over time, until the January 2016 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is CLOUD EDGE?

CLOUD EDGE is 255m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 10% of detached houses in Colne, based on EPC data. The below chart shows the distribution of detached houses by size in Colne, and where CLOUD EDGE lies on this distribution: 96% of detached houses are smaller than CLOUD EDGE, and 4% of houses are larger. Note that EPC data is not available for all properties in Colne.

CLOUD EDGE: Plot and Title Map

CLOUD EDGE sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of CLOUD EDGE, 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 CLOUD EDGE). 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 CLOUD EDGE?

CLOUD EDGE is located on RED LANE in COLNE, in the BB8 postcode district. The below map shows the position of CLOUD EDGE on RED LANE.