According to the public record, 2 The Sidings, Colne is a modern leasehold house with 685 ft2 of internal area and sits on a 72 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Knotts Drive, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
2 The Sidings, Colne has a single entry in the Land Registry database from May 2016 and a single entry in the EPC database dated September 2011.
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 2 The Sidings Colne as £148,768 and the rental value as £677 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 The Sidings Colne has increased by £10,673 (7.2%) and its rental value has increased by £21 per month (3.1%).
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 2 The Sidings, Colne is in very good condition we estimate a sale value of £156,206 and rental value of £711 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £138,354 and a rental value of £630 per month.
If you were able to purchase this property for the estimated value of £148,768, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £731 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, 2 The Sidings, Colne sits on a plot of 72m2.
We have plot size data on 11 out of 11 other houses in the postcode and 2 The Sidings, Colne sits on the 7th largest plot.
According to HM Land Registry, 2 The Sidings, Colne was last sold on 27 May 2016 for £121,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since May 2016, the market for similar properties has risen 39.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 The Sidings, Colne within a radius of 650 metres over the last 2 years.
The most recent example is 12, Foulds Close, Colne, BB8 8DL, a Freehold house which sold for £140,000 in Apr 2021.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Knotts Drive, Colne, BB8 has a total of 40 addresses. According to our analysis of all the public data, 2 The Sidings, Colne is the 40th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £21k less expensive than the average property in BB8.
2 The Sidings, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Sep 2011.
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 2 The Sidings, Colne is Colne station which is 300 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 2 The Sidings, Colne, 35.3% of property is socially rented and 29.4% is privately rented.
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 2 The Sidings, Colne, 22.9% of residents are recorded as possessing school level qualifications and 20.9% 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 2 The Sidings, Colne, the average age was 39.9 and the most common age was 32.
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 2 The Sidings, Colne, 0.5% 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 2 The Sidings, Colne, 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.