NORCROFT, RED LANE, COLNE, BB8 7JR - £750,000

NORCROFT is a very large extended detached house of 230m², built sometime between 1900 and 1929. It was last sold for £750,000 in April 2022, which was around 208% above the average April 2022 detached price in the Pendle local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

NORCROFT Sold Prices

Land registry data shows two sales for NORCROFT 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 NORCROFT 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
2022 1 APR	£750,000	£243,484	208% above HPI
2011 3 MAR	£375,000	£160,570	134% above HPI

NORCROFT 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 NORCROFT sales from March 2011 and April 2022 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 March 2011 sale was for 134% above the HPI. So the extrapolation line tracks at 134% above the HPI over time, until the April 2022 sale, where it rises to 208% above the HPI. The line then continues to track at 208% above the HPI.

How Large is NORCROFT?

NORCROFT is 230m², which includes two extensions, according to the EPC inspection conducted in November 2021. 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 NORCROFT lies on this distribution: 94% of detached houses are smaller than NORCROFT, and 5% of houses are larger. Note that EPC data is not available for all properties in Colne.

NORCROFT: Plot and Title Map

NORCROFT sits on a plot of roughly 0.420 of an acre, or 1,699m². The below map shows the location of NORCROFT, 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 NORCROFT). 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 NORCROFT?

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