According to the public record, 27, Lea Bank Mews, Nelson is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 581 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.
27, Lea Bank Mews, Nelson has a single entry in the Land Registry database from June 2006 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 27 Lea Bank Mews Nelson as £84,408 and the rental value as £467 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 27 Lea Bank Mews Nelson has increased by £3,982 (4.7%) and its rental value has increased by £3 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 27, Lea Bank Mews, Nelson is in very good condition we estimate a sale value of £88,629 and rental value of £490 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,500 and a rental value of £434 per month.
If you were able to purchase this property for the estimated value of £84,408, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £415 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, 27, Lea Bank Mews, Nelson was last sold on 30 Jun 2006 for £94,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 27, Lea Bank Mews, Nelson within a radius of 540 metres over the last 2 years.
The most recent example is 21, Meadow Bank Mews, Nelson, BB9 8SZ, a Leasehold flat which sold for £85,000 in Mar 2024.
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, 27, Lea Bank Mews, Nelson is the 20th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £48k less expensive than the average property in BB9.
The closest station to 27, 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 27, 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 27, 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 27, 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 27, 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 27, 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.