According to the public record, 17, Weavers' Way, Colne is a modern freehold house with 1,216 ft2 of internal area and sits on a 279 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Weavers' Way, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
17, Weavers' Way, Colne has a single entry in the Land Registry database from December 2020 and a single entry in the EPC database dated December 2020.
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 17 Weavers' Way Colne as £303,329 and the rental value as £1,042 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 17 Weavers' Way Colne has increased by £6,978 (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, Weavers' Way, Colne is in very good condition we estimate a sale value of £318,495 and rental value of £1,094 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,096 and a rental value of £969 per month.
If you were able to purchase this property for the estimated value of £303,329, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,491 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, Weavers' Way, Colne sits on a plot of 279m2.
We have plot size data on 13 out of 13 other houses in the postcode and 17, Weavers' Way, Colne sits on the 7th largest plot.
According to HM Land Registry, 17, Weavers' Way, Colne was last sold on 11 Dec 2020 for £299,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 8.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Weavers' Way, Colne within a radius of 660 metres over the last 2 years.
The most recent example is 70, Windermere Avenue, Colne, BB8 7DW, a Freehold house which sold for £299,995 in Mar 2021.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Weavers' Way, Colne, BB8 has a total of 13 addresses. According to our analysis of all the public data, 17, Weavers' Way, Colne is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £134k more expensive than the average property in BB8.
17, Weavers' Way, Colne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Dec 2020.
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, Weavers' Way, Colne is Colne station which is 2.1 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, Weavers' Way, 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, Weavers' Way, 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, Weavers' Way, 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, Weavers' Way, 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, Weavers' Way, 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.