According to the public record, 20, Oak Mill Drive, Colne is a modern freehold house with 882 ft2 of internal area and sits on a 178 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oak Mill Drive, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
20, Oak Mill Drive, Colne has a single entry in the Land Registry database from November 2020 and a single entry in the EPC database dated November 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 20 Oak Mill Drive Colne as £183,109 and the rental value as £794 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 20 Oak Mill Drive Colne has increased by £4,213 (2.3%) and its rental value has decreased by £12 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 20, Oak Mill Drive, Colne is in very good condition we estimate a sale value of £192,265 and rental value of £834 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £170,291 and a rental value of £739 per month.
If you were able to purchase this property for the estimated value of £183,109, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £900 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, 20, Oak Mill Drive, Colne sits on a plot of 178m2.
We have plot size data on 20 out of 20 other houses in the postcode and 20, Oak Mill Drive, Colne sits on the 12th largest plot.
According to HM Land Registry, 20, Oak Mill Drive, Colne was last sold on 27 Nov 2020 for £155,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2020, the market for similar properties has risen 8.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 20, Oak Mill Drive, Colne within a radius of 440 metres over the last 2 years.
The most recent example is 6, Oak Mill Drive, Colne, BB8 0AJ, a Freehold house which sold for £185,000 in Aug 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oak Mill Drive, Colne, BB8 has a total of 20 addresses. According to our analysis of all the public data, 20, Oak Mill Drive, Colne is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £13k more expensive than the average property in BB8.
20, Oak Mill Drive, Colne has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Nov 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 20, Oak Mill Drive, Colne is Colne station which is 1.5 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 20, Oak Mill Drive, Colne, 43.7% of property is privately owned outright and 31.9% 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 20, Oak Mill Drive, Colne, 21.0% of residents are recorded as possessing school level qualifications and 27.2% 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 20, Oak Mill Drive, 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 20, Oak Mill Drive, Colne, 0.6% 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 20, Oak Mill Drive, Colne, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.