According to the public record, 3, Gordon Street, Colne is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 602 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Gordon Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
3, Gordon Street, Colne has 2 entries in the Land Registry database, most recently in January 2024 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 3 Gordon Street Colne as £88,782 and the rental value as £537 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 3 Gordon Street Colne has increased by £6,317 (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 3, Gordon Street, Colne is in very good condition we estimate a sale value of £93,221 and rental value of £563 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £82,568 and a rental value of £499 per month.
If you were able to purchase this property for the estimated value of £88,782, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £436 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, 3, Gordon Street, Colne was last sold on 26 Jan 2024 for £39,999 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Jan 2024, the market for similar properties has risen 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Gordon Street, Colne within a radius of 440 metres over the last 2 years.
The most recent example is 16, Dickson Street, Colne, BB8 9LU, a Leasehold house which sold for £80,000 in Jan 2024.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gordon Street, Colne, BB8 has a total of 57 addresses. According to our analysis of all the public data, 3, Gordon Street, Colne is the 56th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in BB8.
The closest station to 3, Gordon Street, Colne is Colne 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 3, Gordon Street, Colne, 36.8% of property is privately owned outright and 31.6% 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 3, Gordon Street, Colne, 18.7% of residents are recorded as possessing school level qualifications and 25.7% 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 3, Gordon Street, 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 3, Gordon Street, Colne, 0.7% 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 3, Gordon Street, Colne, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.