Area Guide For Colne

Colne is the second largest town and civil parish in the Borough of Pendle in Lancashire, England, with a population of 20,118. It lies at the eastern end of the M65, 6 miles north-east of Burnley, with Nelson immediately adjacent, in the Aire Gap with two main roads leading into the Yorkshire towns of Skipton and Keighley. It is 25 miles east of Preston, 25 miles north of Manchester and 30 miles west of Leeds. There is beautiful countryside around Colne and many old villages close by, including the Bronte Country and Haworth to the south east and Pendle Hill, Newchurch and Barley and Clitheroe to the north west. Nearby villages include Barrowford, Foulridge, Winewall, Cottontree, Trawden and Laneshaw Bridge and the hamlet of Wycoller with its historic pack horse bridge and clam bridge said to date back to the Iron Age. Wycoller Hall is a ruin there. There are narrow roads to the south over the moors to Hardcastle Crags and Hebden Bridge. The attractive Forest of Bowland lies near Pendle. It is sometimes confused with the unrelated Colne Valley around the River Colne near Huddersfield in Yorkshire which includes the towns and villages of Marsden, Slaithwaite, Linthwaite


Colne Map

Estimated Price: £126,944
Average Asking Price: £176,008
Price change in last one year: £6,046
Average Price Paid: £116,881
Average Rent Rates: £526


Property Prices Breakdown in Colne

Average Price for property in Colne is around £126,944 which varies based on type of property you are interested in and ranges from £295,610 for detached house to around £154,481 for semi-detached. Similarly terraced house is around £89,191 and a flat is worth £110,284. Values have been changing and have risen £884 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,130 in last 6 months, £6,046 in last 1 year, £13,701 in last 2 years, £19,952 in last 3 years, £13,398 in last 4 years and £16,306 in last 5 years.

Currently average asking price of a property in Colne is around £176,008 based on approximately 293 properties for sale. Same is the case with rental options based on 24 properties up for rent, average asking rent is around £526 per month.

Estimated property value in Colne is £126,944. Average asking price is £176,008 while average price paid is £118,679 which is up by £6,046 and Avg. asking rent £526.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Colne area. In last 1 year alone average price buyer paid is around £118,679 based on approximately 293 sales in Colne area alone. If you compare it to last 3 years sales of 839 properties where buyers paid around £116,849. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £116,881 for 1,346 and average amount paid for purchase of approx. 1,902 properties sold in last 7 years comes to about £115,645 per sale.


Properties For Sale in Colne


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £79,950, £96,419 for a 2 bedroom house, £150,463 for a 3 bedroom house, £380,483 for a 4 bedroom house and £199,983 for a 5 bedroom house. For a flat similarly the prices varies from £55,000 for a single bedroom to £96,862 for a 2 bedroom Flat. To sum up the asking prices for properties in Colne it comes to around average £67,475 for 1 bedroom property, £96,468 for 2 bedroom, £150,463 for 3 bedroom, £380,483 for 4 bedroom and £199,983 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £182 for 1 bedroom to £429 for 2 bedroom, £519 for 3 bedroom and £1,476 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £386. You should be generally be expecting around average £182 rent per month for single bedroom property, £423 for 2 bedroom, £519 for 3 bedroom and approximately £1,476 for 4 bedroom property in Colne area.

Popular Houses in Colne

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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