38, SKIPTON OLD ROAD, COLNE, BB8 7AD - £295,000

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.

38 SKIPTON OLD ROAD is a large semi-detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £368,068. It was last sold for £295,000 in January 2022, which was around 105% above the average January 2022 semi-detached price in the Pendle local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

38 SKIPTON OLD ROAD Sold Prices

Land registry data shows two sales for 38 SKIPTON OLD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Pendle local authority area for the corresponding sale date. Both of the two 38 SKIPTON OLD ROAD 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 28 JAN	£295,000	£144,222	105% above HPI
2009 5 JUN	£200,000	£98,795	102% above HPI

38 SKIPTON OLD 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 two 38 SKIPTON OLD ROAD sales from June 2009 and January 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 June 2009 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the January 2022 sale, where it rises to 105% above the HPI. The line then continues to track at 105% above the HPI.

What might 38 SKIPTON OLD ROAD be worth now?

38 SKIPTON OLD ROAD might now be worth an estimated £368,068.

This is based on house price inflation of 24.8%, between January 2022 and May 2026, for semi-detached 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 24.8% inflationary increase is applied to the most recent sale price for 38 SKIPTON OLD ROAD of £295,000 on 28th January 2022. For the value to have increased from £295,000 to £368,068 over the three years and eight months to May 2026, the following assumptions must hold true:

• The value of 38 SKIPTON OLD ROAD has moved in line with the HPI for semi-detached houses in the Pendle local authority area.
• The January 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SKIPTON OLD ROAD has not materially changed since January 2022.

How Large is 38 SKIPTON OLD ROAD?

38 SKIPTON OLD ROAD is 100m² according to the EPC inspection conducted in January 2022. This puts it in the largest 30% of semi-detached houses in Colne, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Colne, and where 38 SKIPTON OLD ROAD lies on this distribution: 71% of semi-detached houses are smaller than 38 SKIPTON OLD ROAD, and 28% of semi-detached houses are larger. Note that EPC data is not available for all properties in Colne.

Where is 38 SKIPTON OLD ROAD?

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