According to the public record, 42, Chapel Street, Colne is a period leasehold house with 828 ft2 of internal area and sits on a 800 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chapel Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
42, Chapel Street, Colne has 41 entries in the Land Registry database, most recently in September 2014 and a single entry in the EPC database dated February 2024.
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 Chapel Street Colne as £77,121 and the rental value as £445 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 42 Chapel Street Colne has increased by £5,317 (6.9%) and its rental value has increased by £13 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 42, Chapel Street, Colne is in very good condition we estimate a sale value of £80,977 and rental value of £468 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £71,722 and a rental value of £414 per month.
If you were able to purchase this property for the estimated value of £77,121, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £379 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, Chapel Street, Colne sits on a plot of 800m2.
We have plot size data on 14 out of 14 other houses in the postcode and 42, Chapel Street, Colne sits on the largest plot.
According to HM Land Registry, 42, Chapel Street, Colne was last sold on 29 Sep 2014 for £48,000 and was recorded as a leasehold house.
The property has had 4 sales since 1995.
Since Sep 2014, the market for similar properties has risen 46.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Chapel Street, Colne within a radius of 510 metres over the last 2 years.
The most recent example is 50, Duke Street, Colne, BB8 0SU, a Freehold house which sold for £100,000 in Aug 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chapel Street, Colne, BB8 has a total of 34 addresses. According to our analysis of all the public data, 42, Chapel Street, Colne is the 30th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in BB8.
42, Chapel Street, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Feb 2024.
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, Chapel Street, Colne is Colne station which is 600 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 42, Chapel Street, Colne, 68.5% of property is privately rented and 11.9% is privately owned outright.
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, Chapel Street, Colne, 16.8% of residents are recorded as possessing school level qualifications and 17.7% 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, Chapel Street, 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 42, Chapel Street, 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 42, Chapel Street, 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.