According to the public record, 32, Red Lane, Colne is a mid-century freehold house with 1,097 ft2 of internal area and sits on a 543 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Red Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
32, Red Lane, Colne has a single entry in the Land Registry database from January 2019 and a single entry in the EPC database dated July 2018.
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 32 Red Lane Colne as £365,322 and the rental value as £1,309 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 32 Red Lane Colne has increased by £15,932 (4.4%) and its rental value has increased by £6 per month (0.4%).
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 32, Red Lane, Colne is in very good condition we estimate a sale value of £383,588 and rental value of £1,374 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £339,750 and a rental value of £1,217 per month.
If you were able to purchase this property for the estimated value of £365,322, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,795 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, 32, Red Lane, Colne sits on a plot of 543m2.
We have plot size data on 5 out of 9 other houses in the postcode and 32, Red Lane, Colne sits on the 4th largest plot.
According to HM Land Registry, 32, Red Lane, Colne was last sold on 28 Jan 2019 for £220,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2019, the market for similar properties has risen 25.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Red Lane, Colne within a radius of 760 metres over the last 2 years.
The most recent example is 36, Red Lane, Colne, BB8 7JT, a Freehold house which sold for £335,000 in Dec 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Red Lane, Colne, BB8 has a total of 70 addresses. According to our analysis of all the public data, 32, Red Lane, Colne is the 49th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £196k more expensive than the average property in BB8.
32, Red Lane, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Jul 2018.
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 32, Red Lane, Colne is Colne station which is 1.4 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 32, Red Lane, Colne, 40.0% of property is privately owned outright and 38.8% 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 32, Red Lane, Colne, 20.0% of residents are recorded as possessing school level qualifications and 30.4% 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 32, Red Lane, 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 32, Red Lane, Colne, 0.9% 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 32, Red Lane, Colne, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.