According to the public record, 10, Essex Street, Colne is a period leasehold house with 871 ft2 of internal area and sits on a 785 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Essex Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
10, Essex Street, Colne has a single entry in the Land Registry database from July 2021 and a single entry in the EPC database dated March 2022.
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 10 Essex Street Colne as £98,683 and the rental value as £562 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 10 Essex Street Colne has increased by £6,803 (6.9%) and its rental value has increased by £16 per month (2.9%).
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 10, Essex Street, Colne is in very good condition we estimate a sale value of £103,618 and rental value of £590 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £91,776 and a rental value of £523 per month.
If you were able to purchase this property for the estimated value of £98,683, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £485 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, 10, Essex Street, Colne sits on a plot of 785m2.
We have plot size data on 23 out of 24 other houses in the postcode and 10, Essex Street, Colne sits on the 2nd largest plot.
According to HM Land Registry, 10, Essex Street, Colne was last sold on 23 Jul 2021 for £53,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Jul 2021, the market for similar properties has risen 11.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Essex Street, Colne within a radius of 600 metres over the last 2 years.
The most recent example is 5, Curzon Street, Colne, BB8 0HD, a Leasehold house which sold for £92,000 in Jan 2024.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Essex Street, Colne, BB8 has a total of 24 addresses. According to our analysis of all the public data, 10, Essex Street, Colne is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £71k less expensive than the average property in BB8.
10, Essex Street, Colne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 05 Mar 2022.
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 10, Essex Street, Colne is Colne station which is 900 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 10, Essex Street, Colne, 45.3% of property is privately rented and 28.1% is privately owned outright.
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 10, Essex Street, Colne, 20.1% of residents are recorded as possessing school level qualifications and 20.2% 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 10, Essex Street, 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 10, Essex Street, Colne, 0.0% 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 10, Essex Street, Colne, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.