According to the public record, 1, Castercliff Bank, Colne is a modern freehold house with 1,140 ft2 of internal area and sits on a 279 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Castercliff Bank, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
1, Castercliff Bank, Colne has 21 entries in the Land Registry database, most recently in June 2017 and a single entry in the EPC database dated March 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Castercliff Bank Colne as £223,821 and the rental value as £793 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 1 Castercliff Bank Colne has increased by £5,871 (2.6%) and its rental value has decreased by £10 per month (1.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Castercliff Bank, Colne is in very good condition we estimate a sale value of £235,012 and rental value of £833 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,153 and a rental value of £738 per month.
If you were able to purchase this property for the estimated value of £223,821, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,100 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Castercliff Bank, Colne sits on a plot of 279m2.
We have plot size data on 13 out of 22 other houses in the postcode and 1, Castercliff Bank, Colne sits on the 6th largest plot.
According to HM Land Registry, 1, Castercliff Bank, Colne was last sold on 06 Jun 2017 for £175,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2017, the market for similar properties has risen 29.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Castercliff Bank, Colne within a radius of 800 metres over the last 2 years.
The most recent example is 7, Aspinall Drive, Colne, BB8 8FF, a Leasehold house which sold for £240,000 in Jun 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castercliff Bank, Colne, BB8 has a total of 22 addresses. According to our analysis of all the public data, 1, Castercliff Bank, Colne is the 4th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in BB8.
1, Castercliff Bank, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Mar 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Castercliff Bank, Colne is Colne station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Castercliff Bank, Colne, 35.3% of property is socially rented and 29.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Castercliff Bank, Colne, 22.9% of residents are recorded as possessing school level qualifications and 20.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Castercliff Bank, Colne, the average age was 39.9 and the most common age was 32.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Castercliff Bank, Colne, 0.5% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Castercliff Bank, Colne, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.