According to the public record, 13, Red Lane, Colne is a mid-century house with 1,119 ft2 of internal area and sits on a 367 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Red Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
13, Red Lane, Colne has no records in the Land Registry database and a single entry in the EPC database dated August 2015.
We combine this information with public data 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 13 Red Lane Colne as £248,969 and the rental value as £885 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 13 Red Lane Colne has increased by £9,787 (3.9%) and its rental value has decreased by £0 per month (0.0%).
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 13, Red Lane, Colne is in very good condition we estimate a sale value of £261,417 and rental value of £930 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,541 and a rental value of £823 per month.
If you were able to purchase this property for the estimated value of £248,969, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,224 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, 13, Red Lane, Colne sits on a plot of 367m2.
We have plot size data on 9 out of 18 other houses in the postcode and 13, Red Lane, Colne sits on the 6th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 13, Red Lane, Colne within a radius of 680 metres over the last 2 years.
The most recent example is 11, Red Lane, Colne, BB8 7JX, a Freehold house which sold for £233,850 in Jan 2024.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Red Lane, Colne, BB8 has a total of 70 addresses. According to our analysis of all the public data, 13, Red Lane, Colne is the 47th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £79k more expensive than the average property in BB8.
13, Red Lane, Colne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Aug 2015.
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 13, Red Lane, Colne is Colne station which is 1.4 kilometres 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 13, Red Lane, Colne, 33.3% of property is privately owned outright and 27.7% is privately owned with a mortgage.
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 13, Red Lane, Colne, 16.0% 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 13, Red Lane, Colne, the average age was 43.8 and the most common age was 62.
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 13, Red Lane, 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 13, Red Lane, Colne, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.