According to the public record, 42, Bankfold, Nelson is a modern freehold house with 2,787 ft2 of internal area and sits on a 944 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Bankfold, Barrowford, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
42, Bankfold, Nelson has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated February 2020.
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 42 Bankfold Nelson as £575,833 and the rental value as £1,974 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 42 Bankfold Nelson has increased by £5,854 (1.0%) and its rental value has decreased by £56 per month (2.8%).
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 42, Bankfold, Nelson is in very good condition we estimate a sale value of £604,625 and rental value of £2,073 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £535,525 and a rental value of £1,836 per month.
If you were able to purchase this property for the estimated value of £575,833, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,830 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, 42, Bankfold, Nelson sits on a plot of 944m2.
We have plot size data on 20 out of 43 other houses in the postcode and 42, Bankfold, Nelson sits on the 2nd largest plot.
According to HM Land Registry, 42, Bankfold, Nelson was last sold on 19 Mar 2021 for £489,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 9.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Bankfold, Nelson within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 8, Meadow Edge, Nelson, BB9 6BT, a Freehold house which sold for £410,000 in Feb 2020.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bankfold, Barrowford, Nelson, BB9 has a total of 45 addresses. According to our analysis of all the public data, 42, Bankfold, Nelson is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £444k more expensive than the average property in BB9.
42, Bankfold, Nelson has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Feb 2020.
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 42, Bankfold, Nelson is Colne station which is 2.0 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 42, Bankfold, Nelson, 57.1% of property is privately owned outright and 21.9% 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 42, Bankfold, Nelson, 10.0% of residents are recorded as possessing school level qualifications and 35.3% 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 42, Bankfold, Nelson, the average age was 46.1 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 42, Bankfold, Nelson, 3.1% 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 42, Bankfold, Nelson, 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.