According to the public record, 16, Mitchell Street, Colne is a period leasehold house with 1,097 ft2 of internal area and sits on a 82.2 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mitchell Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
16, Mitchell Street, Colne has a single entry in the Land Registry database from November 2014 and a single entry in the EPC database dated June 2014.
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 16 Mitchell Street Colne as £114,593 and the rental value as £605 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 16 Mitchell Street Colne has increased by £6,189 (5.4%) and its rental value has increased by £9 per month (1.4%).
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 16, Mitchell Street, Colne is in very good condition we estimate a sale value of £120,323 and rental value of £635 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,571 and a rental value of £562 per month.
If you were able to purchase this property for the estimated value of £114,593, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £563 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, 16, Mitchell Street, Colne sits on a plot of 82m2.
We have plot size data on 17 out of 17 other houses in the postcode and 16, Mitchell Street, Colne sits on the 5th largest plot.
According to HM Land Registry, 16, Mitchell Street, Colne was last sold on 28 Nov 2014 for £52,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Nov 2014, the market for similar properties has risen 45.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Mitchell Street, Colne within a radius of 460 metres over the last 2 years.
The most recent example is 5, Hartley Street, Colne, BB8 9DF, a Leasehold house which sold for £55,000 in Nov 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mitchell Street, Colne, BB8 has a total of 17 addresses. According to our analysis of all the public data, 16, Mitchell Street, Colne is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £55k less expensive than the average property in BB8.
16, Mitchell Street, Colne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Jun 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using room heaters.
The closest station to 16, Mitchell Street, 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 16, Mitchell Street, Colne, 35.9% of property is privately rented and 35.2% 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 16, Mitchell Street, Colne, 21.6% of residents are recorded as possessing school level qualifications and 21.8% 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 16, Mitchell Street, 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 16, Mitchell Street, Colne, 0.3% 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 16, Mitchell 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.