According to the public record, 17, Lob Common Lane, Colne is a period freehold house with 882 ft2 of internal area and sits on a 550 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lob Common Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
17, Lob Common Lane, Colne has a single entry in the Land Registry database from August 2021 and a single entry in the EPC database dated July 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 reasonable condition, we estimate the current sale value for 17 Lob Common Lane Colne as £260,555 and the rental value as £1,004 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 17 Lob Common Lane Colne has increased by £5,994 (2.3%) and its rental value has decreased by £16 per month (1.5%).
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 17, Lob Common Lane, Colne is in very good condition we estimate a sale value of £273,582 and rental value of £1,054 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £242,316 and a rental value of £934 per month.
If you were able to purchase this property for the estimated value of £260,555, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,281 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, 17, Lob Common Lane, Colne sits on a plot of 550m2.
We have plot size data on 15 out of 18 other houses in the postcode and 17, Lob Common Lane, Colne sits on the 2nd largest plot.
According to HM Land Registry, 17, Lob Common Lane, Colne was last sold on 13 Aug 2021 for £219,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2021, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Lob Common Lane, Colne within a radius of 750 metres over the last 2 years.
The most recent example is 12, Lob Common Lane, Colne, BB8 7BF, a Freehold house which sold for £234,995 in Dec 2021.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lob Common Lane, Colne, BB8 has a total of 18 addresses. According to our analysis of all the public data, 17, Lob Common Lane, Colne is the 16th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £91k more expensive than the average property in BB8.
17, Lob Common Lane, Colne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Jul 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 17, Lob Common Lane, Colne is Colne station which is 2.2 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 17, Lob Common Lane, Colne, 53.7% of property is privately owned outright and 32.2% 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 17, Lob Common Lane, Colne, 10.5% of residents are recorded as possessing school level qualifications and 32.5% 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 17, Lob Common 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 17, Lob Common Lane, Colne, 1.8% 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 17, Lob Common Lane, 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.