According to the public record, 29, Somerset Place, Nelson is a period leasehold house with 769 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Somerset Place, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
29, Somerset Place, Nelson has 31 entries in the Land Registry database, most recently in September 2007 and a single entry in the EPC database dated April 2011.
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 29 Somerset Place Nelson as £102,969 and the rental value as £520 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 29 Somerset Place Nelson has increased by £5,460 (5.3%) and its rental value has increased by £7 per month (1.3%).
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 29, Somerset Place, Nelson is in very good condition we estimate a sale value of £108,118 and rental value of £546 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £95,761 and a rental value of £484 per month.
If you were able to purchase this property for the estimated value of £102,969, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £506 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, 29, Somerset Place, Nelson was last sold on 07 Sep 2007 for £87,500 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since Sep 2007, the market for similar properties has risen 20.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29, Somerset Place, Nelson within a radius of 550 metres over the last 2 years.
The most recent example is 7, Somerset Place, Nelson, BB9 8BD, a Leasehold house which sold for £105,000 in May 2023.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Place, Nelson, BB9 has a total of 20 addresses. According to our analysis of all the public data, 29, Somerset Place, Nelson is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £29k less expensive than the average property in BB9.
29, Somerset Place, Nelson has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Apr 2011.
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 29, Somerset Place, 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 29, Somerset Place, Nelson, 41.0% of property is privately rented and 28.4% 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 29, Somerset Place, Nelson, 22.6% of residents are recorded as possessing school level qualifications and 22.1% 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 29, Somerset Place, Nelson, the average age was 34.7 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 29, Somerset Place, Nelson, 1.1% 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 29, Somerset Place, 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.