According to the public record, 41, Lenches Road, Colne is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 962 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Lenches Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
41, Lenches Road, Colne has 31 entries in the Land Registry database, most recently in July 2017 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 41 Lenches Road Colne as £170,399 and the rental value as £758 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 41 Lenches Road Colne has increased by £11,747 (6.9%) and its rental value has increased by £22 per month (2.9%).
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 41, Lenches Road, Colne is in very good condition we estimate a sale value of £178,919 and rental value of £796 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,471 and a rental value of £705 per month.
If you were able to purchase this property for the estimated value of £170,399, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £837 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, Lenches Road, Colne was last sold on 28 Jul 2017 for £95,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jul 2017, the market for similar properties has risen 36.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Lenches Road, Colne within a radius of 800 metres over the last 2 years.
The most recent example is 45, Lenches Road, Colne, BB8 8ET, a Freehold house which sold for £152,500 in Dec 2021.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lenches Road, Colne, BB8 has a total of 42 addresses. According to our analysis of all the public data, 41, Lenches Road, Colne is the 9th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £636 more expensive than the average property in BB8.
The closest station to 41, Lenches Road, 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, Lenches Road, 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, Lenches Road, 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, Lenches Road, 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, Lenches Road, 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, Lenches Road, 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.