According to the public record, 26, Spring Lane, Colne is a period freehold house with 613 ft2 of internal area and sits on a 26.8 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Spring Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
26, Spring Lane, Colne has 31 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated May 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 26 Spring Lane Colne as £90,512 and the rental value as £547 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 26 Spring Lane Colne has increased by £6,471 (7.1%) and its rental value has increased by £17 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 26, Spring Lane, Colne is in very good condition we estimate a sale value of £95,037 and rental value of £574 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £84,176 and a rental value of £509 per month.
If you were able to purchase this property for the estimated value of £90,512, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £445 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, 26, Spring Lane, Colne sits on a plot of 27m2.
We have plot size data on 25 out of 31 other houses in the postcode and 26, Spring Lane, Colne sits on the 21st largest plot.
According to HM Land Registry, 26, Spring Lane, Colne was last sold on 05 Aug 2022 for £74,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2022, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Spring Lane, Colne within a radius of 480 metres over the last 2 years.
The most recent example is 10, Spring Yard, Colne, BB8 9BH, a Freehold house which sold for £78,500 in Oct 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Lane, Colne, BB8 has a total of 41 addresses. According to our analysis of all the public data, 26, Spring Lane, Colne is the 30th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in BB8.
26, Spring Lane, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 May 2021.
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 26, Spring Lane, Colne is Colne station which is 500 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 26, Spring Lane, Colne, 49.2% of property is socially rented and 19.8% 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 26, Spring Lane, Colne, 14.5% of residents are recorded as possessing school level qualifications and 25.1% 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 26, Spring 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 26, Spring Lane, Colne, 0.9% 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 26, Spring Lane, Colne, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.