According to the public record, 41, Colne Lane, Colne is a mid-century leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Colne Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
41, Colne Lane, Colne has 2 entries in the Land Registry database, most recently in July 2013 and a single entry in the EPC database dated September 2012.
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 41 Colne Lane Colne as £62,029 and the rental value as £350 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 41 Colne Lane Colne has increased by £2,365 (3.8%) and its rental value has decreased by £0 per month (0.1%).
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 41, Colne Lane, Colne is in very good condition we estimate a sale value of £65,130 and rental value of £368 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £57,687 and a rental value of £326 per month.
If you were able to purchase this property for the estimated value of £62,029, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £305 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, 41, Colne Lane, Colne was last sold on 05 Jul 2013 for £48,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2013, the market for similar properties has risen 29.1%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 41, Colne Lane, Colne within a radius of 530 metres over the last 2 years.
The most recent example is Bottom Flat, 23, Oxford Street, Colne, BB8 9JJ, a Leasehold flat which sold for £45,500 in May 2010.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colne Lane, Colne, BB8 has a total of 60 addresses. According to our analysis of all the public data, 41, Colne Lane, Colne is the 37th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in BB8.
41, Colne Lane, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Sep 2012.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 41, Colne Lane, Colne is Colne station which is 900 metres 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 41, Colne Lane, Colne, 50.7% of property is socially rented and 22.5% is privately 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 41, Colne Lane, Colne, 20.3% of residents are recorded as possessing school level qualifications and 23.3% 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 41, Colne Lane, Colne, the average age was 39.9 and the most common age was 32.
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 41, Colne Lane, Colne, 0.0% 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 41, Colne Lane, Colne, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.