3, SPRING GROVE, COLNE, BB8 7HQ - £215,000

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 SPRING GROVE is a large terraced house of 100m², built sometime between 1900 and 1929, which could now be worth an estimated £327,162. It was last sold for £215,000 in December 2018, which was around 146% above the average December 2018 terraced price in the Pendle local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

3 SPRING GROVE Sold Prices

Land registry data shows two sales for 3 SPRING GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Pendle local authority area for the corresponding sale date. Both of the two 3 SPRING GROVE 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
2018 14 DEC	£215,000	£87,396	146% above HPI
1999 30 APR	£90,000	£26,171	244% above HPI

3 SPRING GROVE 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 SPRING GROVE sales from April 1999 and December 2018 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 April 1999 sale was for 244% above the HPI. So the extrapolation line tracks at 244% above the HPI over time, until the December 2018 sale, where it falls to 146% above the HPI. The line then continues to track at 146% above the HPI.

What might 3 SPRING GROVE be worth now?

3 SPRING GROVE might now be worth an estimated £327,162.

This is based on house price inflation of 52.2%, between December 2018 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 52.2% inflationary increase is applied to the most recent sale price for 3 SPRING GROVE of £215,000 on 14th December 2018. For the value to have increased from £215,000 to £327,162 over the eight years and seven months to May 2026, the following assumptions must hold true:

• The value of 3 SPRING GROVE has moved in line with the HPI for terraced houses in the Pendle local authority area.
• The December 2018 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRING GROVE has not materially changed since December 2018.

How Large is 3 SPRING GROVE?

3 SPRING GROVE is 100m² according to the EPC inspection conducted in September 2010. This puts it in the largest 30% of terraced houses in Colne, based on EPC data. The below chart shows the distribution of terraced houses by size in Colne, and where 3 SPRING GROVE lies on this distribution: 73% of terraced houses are smaller than 3 SPRING GROVE, and 26% of terraced houses are larger. Note that EPC data is not available for all properties in Colne.

Where is 3 SPRING GROVE?

3 SPRING GROVE is located in COLNE, in the BB8 postcode district.