According to the public record, 18, Mayfair Road, Nelson is a period leasehold house with 785 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mayfair Road, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
18, Mayfair Road, Nelson has a single entry in the Land Registry database from September 2016 and a single entry in the EPC database dated July 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 reasonable condition, we estimate the current sale value for 18 Mayfair Road Nelson as £94,870 and the rental value as £516 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 18 Mayfair Road Nelson has increased by £5,081 (5.4%) and its rental value has increased by £7 per month (1.3%).
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 18, Mayfair Road, Nelson is in very good condition we estimate a sale value of £99,613 and rental value of £542 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £88,229 and a rental value of £480 per month.
If you were able to purchase this property for the estimated value of £94,870, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £466 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 HM Land Registry, 18, Mayfair Road, Nelson was last sold on 22 Sep 2016 for £22,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Sep 2016, the market for similar properties has risen 42.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Mayfair Road, Nelson within a radius of 490 metres over the last 2 years.
The most recent example is 33, Terry Street, Nelson, BB9 8JD, a Leasehold house which sold for £99,750 in Jan 2024.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mayfair Road, Nelson, BB9 has a total of 26 addresses. According to our analysis of all the public data, 18, Mayfair Road, Nelson is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in BB9.
18, Mayfair Road, Nelson has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jul 2020.
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 18, Mayfair Road, Nelson is Nelson station which is 1.2 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 18, Mayfair Road, Nelson, 34.6% of property is privately rented and 30.9% 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 18, Mayfair Road, Nelson, 25.9% of residents are recorded as possessing school level qualifications and 17.9% 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 18, Mayfair Road, Nelson, the average age was 34.7 and the most common age was 12.
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 18, Mayfair Road, Nelson, 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 18, Mayfair Road, Nelson, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.