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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
BB8 7LZHouse Prices / North West, Pendle, Smithy Lane
Last updated May 2026
Key Postcode Insights
BB8 7LZ is a residential postcode situated on Smithy Lane, Colne, BB8 with 7 addresses.
It ranks as the 229th largest and 499th most expensive of the 739 postcodes in the BB8 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 7 properties: 5 houses and 2 flats.
7
Properties
- Houses
- Flats
Key Postcode Insights
BB8 7LZ is a residential postcode situated on Smithy Lane, Colne, BB8 with 7 addresses.
It ranks as the 229th largest and 499th most expensive of the 739 postcodes in the BB8 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 7 properties: 5 houses and 2 flats.
7
Properties
- Houses
- Flats
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House Pricesin BB8 7LZ
Sale prices range from £105,897 for 2 bedroom leasehold flats (753 ft2) to £699,003 for 5 bedroom freehold houses with a garden (2,734 ft2) .
Monthly rental prices range from £586 pcm for 2 bed flats to £2,497 pcm for 5 bed houses.
The gross rental yield is between 4.3% and 6.6%.
The average value per square foot is £191.
Average Sale Value
£320,859
Average Rental Value
£1,262 pcm
Average Rental Yield
4.7% /year
Average Value Per Sqft
£191 /ft2
Sales Market Trendsin BB8 7LZ
The last sale in BB8 7LZ sold for £200,000 on 15th March 2024. Since then prices are up an average of 3.6%.
The current average value in the postcode is £320,859.
The BB8 7LZ Sales Market has increased by 37.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.8% | £320,859 |
| April 2025 | 2.4% | £318,303 |
| April 2024 | 1.7% | £310,899 |
| April 2023 | 0.4% | £305,829 |
| April 2022 | 10.1% | £304,497 |
| April 2021 | 7% | £276,617 |
| April 2020 | 3.4% | £258,418 |
| April 2019 | 4.4% | £249,968 |
| April 2018 | 1.1% | £239,435 |
| April 2017 | 1.4% | £236,743 |
| April 2016 | 4.9% | £233,435 |
| April 2015 | 4.2% | £222,452 |
| April 2014 | -0.6% | £213,455 |
| April 2013 | 8.5% | £214,681 |
| April 2012 | -5.4% | £197,837 |
| April 2011 | -4.3% | £209,185 |
| April 2010 | 0.5% | £218,549 |
| April 2009 | -8.2% | £217,468 |
| April 2008 | -0.4% | £236,779 |
| April 2007 | 0% | £237,635 |
Rental Market Trendsin BB8 7LZ
The current average rental value in the postcode is £1,262.
The BB8 7LZ Rental Market has increased by 51.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.4% | £1,262pcm |
| April 2025 | 7% | £1,245pcm |
| April 2024 | 6.7% | £1,164pcm |
| April 2023 | 7.1% | £1,090pcm |
| April 2022 | 8.3% | £1,018pcm |
| April 2021 | 7.6% | £940pcm |
| April 2020 | 2.2% | £874pcm |
| April 2019 | -0.6% | £855pcm |
| April 2018 | 1.7% | £860pcm |
| April 2017 | 1.5% | £846pcm |
| April 2016 | 1.3% | £834pcm |
| April 2015 | 0.8% | £823pcm |
| April 2014 | 0.2% | £817pcm |
| April 2013 | 1% | £815pcm |
| April 2012 | -0.3% | £807pcm |
| April 2011 | 1.3% | £809pcm |
| April 2010 | 0.8% | £799pcm |
| April 2009 | -3.8% | £793pcm |
| April 2008 | 2.3% | £824pcm |
| April 2007 | 0% | £805pcm |
Properties and Buildingsin BB8 7LZ, Smithy Lane, Colne, BB8
- Blue Slate Barn, Smithy Lane, Colne, BB8 7LZ5 bed period house
- Blue Slate Farm, Smithy Lane, Colne, BB8 7LZ5 bed period house
- Hobstones Barn, Smithy Lane, Colne, BB8Building 2 units
- Hobstones Cottages, Smithy Lane, Colne, BB8Building 3 units
Sales Historyin BB8 7LZ
The last sale was on 15th March 2024 for £200,000 and since then the market in the area has increased by 3.6%. The postcode has had a total of 11 sales since 1995.
BB8 7LZ has seen 1 sale in the last three years and no sales in the last twelve months.
Sold Mar 2024£200,000 | 3 Bed HouseSmithy Lane2 Hobstones Cottages, Smithy Lane, Colne, BB8 7LZ
Sold Jun 2021£476,800 | 5 Bed HouseSmithy LaneBlue Slate Farm, Smithy Lane, Colne, BB8 7LZ
Sold Jan 2021£597,500 | 5 Bed HouseSmithy LaneBlue Slate Barn, Smithy Lane, Colne, BB8 7LZ
Sold Jan 2019£525,000 | 5 Bed HouseSmithy LaneBlue Slate Barn, Smithy Lane, Colne, BB8 7LZ
Sold Mar 2016£370,000 | 5 Bed HouseSmithy Lane3 Hobstones Barn, Smithy Lane, Colne, BB8 7LZ
Sold Jul 2008£480,000 | 5 Bed HouseSmithy LaneBlue Slate Barn, Smithy Lane, Colne, BB8 7LZ
Sold Dec 2005£150,000 | 3 Bed HouseSmithy Lane2 Hobstones Cottages, Smithy Lane, Colne, BB8 7LZ
Sold Aug 2002£240,000 | 3 Bed HouseSmithy Lane3 Hobstones Cottages, Smithy Lane, Colne, BB8 7LZ
Sold Nov 2001£141,000 | 3 Bed HouseSmithy Lane2 Hobstones Cottages, Smithy Lane, Colne, BB8 7LZ
Sold Sep 1999£165,000 | 3 Bed HouseSmithy Lane3 Hobstones Cottages, Smithy Lane, Colne, BB8 7LZ
Sold Jan 1998£92,000 | 3 Bed HouseSmithy Lane2 Hobstones Cottages, Smithy Lane, Colne, BB8 7LZ
Nearby Postcodesto BB8 7LZ
BB8 7LZ is the 229th largest and the 499th most expensive postcode out of the 739 postcodes in the BB8 area.
- 328 mBB8 7LH, Reedymoor Cottages, Foulridge, Colne, BB8BB8 7LH4 Addresses
- 341 mBB8 7LJ, Reedymoor Lane, Foulridge, Colne, BB8BB8 7LJ3 Addresses
- 495 mBB8 7LQ, Reedymoor Terrace, Foulridge, Colne, BB8BB8 7LQ5 Addresses
- 517 mBB8 7JR, Red Lane, Colne, BB8BB8 7JR26 Addresses
- 665 mBB8 7JW, Red Lane, Colne, BB8BB8 7JW8 Addresses
- 741 mBB8 7NX, Pasture Drive, Foulridge, Colne, BB8BB8 7NX16 Addresses
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Property Typesin BB8 7LZ
- 2 period houses built between 1800 and 1911
- 5 period flats built between 1800 and 1911
- period house (2)
- period flat (5)
Energy Efficiencyof properties in BB8 7LZ
- Energy Performance Certificate (EPC) surveys conducted for 4 properties.
- The dominant rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (0)
- G (0)
- D (2)
- No EPC (3)
Top 3 Most Expensive Saleson Smithy Lane
Schools Nearbyto BB8 7LZ
The nearest primary school to BB8 7LZ is Sacred Heart Roman Catholic Primary School, a Voluntary Academy which is 849 metres away.
- 849mSacred Heart Roman Catholic Primary School, a Voluntary Academy
- 1.1kmFoulridge Saint Michael and All Angels CofE Voluntary Aided Primary School
- 1.6kmColne Lord Street School
The nearest secondary school is Colne Park High School which is 1.8 kilometres away.
- 1.8kmColne Park High School
- 2.5kmColne Primet Academy
- 2.8kmSs John Fisher and Thomas More Roman Catholic High School
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Public Transport Nearbyto BB8 7LZ
The closest station to BB8 7LZ is Colne station which is 1.8 kilometres away.
- 1.8kmColne
- 4.5kmNelson
- 6.3kmBrierfield
- 9.6kmBurnley Central
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