According to the public record, 21, Lea Bank Mews, Nelson is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 751 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lea Bank Mews, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
21, Lea Bank Mews, Nelson has 2 entries in the Land Registry database, most recently in January 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 21 Lea Bank Mews Nelson as £99,944 and the rental value as £524 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 21 Lea Bank Mews Nelson has increased by £4,715 (4.7%) and its rental value has increased by £4 per month (0.7%).
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 21, Lea Bank Mews, Nelson is in very good condition we estimate a sale value of £104,941 and rental value of £550 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £92,948 and a rental value of £487 per month.
If you were able to purchase this property for the estimated value of £99,944, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £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 HM Land Registry, 21, Lea Bank Mews, Nelson was last sold on 28 Jan 2014 for £80,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2014, the market for similar properties has risen 39.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Lea Bank Mews, Nelson within a radius of 530 metres over the last 2 years.
The most recent example is 20, Lea Bank Mews, Nelson, BB9 8TT, a Leasehold flat which sold for £75,000 in Feb 2018.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lea Bank Mews, Nelson, BB9 has a total of 26 addresses. According to our analysis of all the public data, 21, Lea Bank Mews, Nelson is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in BB9.
The closest station to 21, Lea Bank Mews, Nelson is Nelson station which is 1.3 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 21, Lea Bank Mews, Nelson, 31.0% of property is privately owned outright and 27.7% is socially 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 21, Lea Bank Mews, Nelson, 14.0% of residents are recorded as possessing school level qualifications and 20.2% 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 21, Lea Bank Mews, Nelson, the average age was 34.1 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 21, Lea Bank Mews, Nelson, 0.3% 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 21, Lea Bank Mews, Nelson, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.