According to the public record, 2, Lob Common Lane, Colne is a period freehold house with 1,334 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lob Common Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
2, Lob Common Lane, Colne has a single entry in the Land Registry database from September 2021 and a single entry in the EPC database dated September 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 2 Lob Common Lane Colne as £331,811 and the rental value as £1,110 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 2 Lob Common Lane Colne has increased by £5,426 (1.6%) and its rental value has decreased by £24 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 2, Lob Common Lane, Colne is in very good condition we estimate a sale value of £348,402 and rental value of £1,165 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £308,585 and a rental value of £1,032 per month.
If you were able to purchase this property for the estimated value of £331,811, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,631 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, 2, Lob Common Lane, Colne was last sold on 30 Sep 2021 for £319,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2021, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lob Common Lane, Colne within a radius of 720 metres over the last 2 years.
The most recent example is 10, Lob Common Lane, Colne, BB8 7BF, a Freehold house which sold for £368,000 in Sep 2023.
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, 2, Lob Common Lane, Colne is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £162k more expensive than the average property in BB8.
2, Lob Common Lane, Colne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Sep 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 2, 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 2, 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 2, 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 2, 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 2, 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 2, 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.