According to the public record, 16, Towler Drive, Colne is a modern freehold house with 1,571 ft2 of internal area and sits on a 381 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Towler Drive, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
16, Towler Drive, Colne has a single entry in the Land Registry database from February 2021 and a single entry in the EPC database dated January 2021.
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 good condition, we estimate the current sale value for 16 Towler Drive Colne as £412,306 and the rental value as £1,376 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 16 Towler Drive Colne has increased by £6,731 (1.6%) and its rental value has decreased by £30 per month (2.2%).
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, Towler Drive, Colne is in very good condition we estimate a sale value of £432,922 and rental value of £1,445 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £383,445 and a rental value of £1,280 per month.
If you were able to purchase this property for the estimated value of £412,306, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,026 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, Towler Drive, Colne sits on a plot of 381m2.
We have plot size data on 34 out of 37 other houses in the postcode and 16, Towler Drive, Colne sits on the 7th largest plot.
According to HM Land Registry, 16, Towler Drive, Colne was last sold on 26 Feb 2021 for £399,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2021, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Towler Drive, Colne within a radius of 740 metres over the last 2 years.
The most recent example is 1, Towler Drive, Colne, BB8 7GN, a Freehold house which sold for £429,950 in Oct 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Towler Drive, Colne, BB8 has a total of 37 addresses. According to our analysis of all the public data, 16, Towler Drive, Colne is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £243k more expensive than the average property in BB8.
16, Towler Drive, Colne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Jan 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 16, Towler Drive, Colne is Colne station which is 1.3 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 16, Towler Drive, Colne, 40.0% of property is privately owned outright and 38.8% 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 16, Towler Drive, Colne, 20.0% of residents are recorded as possessing school level qualifications and 30.4% 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, Towler Drive, 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, Towler Drive, Colne, 0.9% 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, Towler Drive, Colne, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.