According to the public record, 3, Spring Grove, Colne is a period leasehold house with 1,077 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spring Grove, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
3, Spring Grove, Colne has 21 entries in the Land Registry database, most recently in December 2018 and a single entry in the EPC database dated September 2010.
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 3 Spring Grove Colne as £271,932 and the rental value as £982 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 3 Spring Grove Colne has increased by £4,757 (1.7%) and its rental value has decreased by £19 per month (1.9%).
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, Spring Grove, Colne is in very good condition we estimate a sale value of £285,528 and rental value of £1,031 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,896 and a rental value of £913 per month.
If you were able to purchase this property for the estimated value of £271,932, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,336 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, Spring Grove, Colne was last sold on 14 Dec 2018 for £215,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Dec 2018, the market for similar properties has risen 22.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Spring Grove, Colne within a radius of 1.5 kilometres over the last 2 years.
The most recent example is 20, Alma Road, Colne, BB8 7JJ, a Freehold house which sold for £250,000 in Nov 2022.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Grove, Colne, BB8 has a total of 12 addresses. According to our analysis of all the public data, 3, Spring Grove, Colne is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in BB8.
3, Spring Grove, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Sep 2010.
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 3, Spring Grove, Colne is Colne station which is 3.2 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, Spring Grove, Colne, 46.0% of property is privately owned outright and 28.6% 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, Spring Grove, Colne, 9.2% of residents are recorded as possessing school level qualifications and 36.4% 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, Spring Grove, Colne, the average age was 45.1 and the most common age was 57.
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, Spring Grove, Colne, 1.4% 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, Spring Grove, Colne, there are an average of 1.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.