According to the public record, 261, Manchester Road, Nelson is a period leasehold house with 2,055 ft2 of internal area and sits on a 1,096 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Manchester Road, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
261, Manchester Road, Nelson has a single entry in the Land Registry database from February 2014 and a single entry in the EPC database dated March 2019.
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 261 Manchester Road Nelson as £289,899 and the rental value as £994 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 261 Manchester Road Nelson has increased by £6,426 (2.2%) and its rental value has decreased by £17 per month (1.7%).
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 261, Manchester Road, Nelson is in very good condition we estimate a sale value of £304,394 and rental value of £1,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,607 and a rental value of £924 per month.
If you were able to purchase this property for the estimated value of £289,899, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,425 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, 261, Manchester Road, Nelson sits on a plot of 1096m2.
According to HM Land Registry, 261, Manchester Road, Nelson was last sold on 18 Feb 2014 for £232,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Feb 2014, the market for similar properties has risen 50.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 261, Manchester Road, Nelson within a radius of 680 metres over the last 2 years.
The most recent example is Brantwood, Manchester Road, Nelson, BB9 7SJ, a Freehold house which sold for £263,000 in Jan 2024.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Manchester Road, Nelson, BB9 has a total of 110 addresses. According to our analysis of all the public data, 261, Manchester Road, Nelson is the 21st largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £158k more expensive than the average property in BB9.
261, Manchester Road, Nelson has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Mar 2019.
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 261, Manchester Road, Nelson is Brierfield station which is 900 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 261, Manchester Road, Nelson, 32.7% of property is privately owned outright and 28.3% 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 261, Manchester Road, Nelson, 22.1% of residents are recorded as possessing school level qualifications and 22.2% 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 261, Manchester Road, Nelson, the average age was 32.4 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 261, Manchester Road, Nelson, 1.2% 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 261, Manchester Road, Nelson, 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.