According to the public record, 5, Clough Springs, Nelson is a modern leasehold apartment with 1,054 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Clough Springs, Barrowford, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
5, Clough Springs, Nelson has 21 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated November 2021.
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 5 Clough Springs Nelson as £193,724 and the rental value as £722 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 5 Clough Springs Nelson has increased by £11,294 (5.8%) and its rental value has increased by £13 per month (1.8%).
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 5, Clough Springs, Nelson is in very good condition we estimate a sale value of £203,411 and rental value of £758 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £180,164 and a rental value of £671 per month.
If you were able to purchase this property for the estimated value of £193,724, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £952 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, 5, Clough Springs, Nelson was last sold on 07 Jul 2022 for £160,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 5, Clough Springs, Nelson within a radius of 930 metres over the last 2 years.
The most recent example is 31, Clough Springs, Nelson, BB9 6RN, a Leasehold flat which sold for £215,000 in May 2007.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Clough Springs, Barrowford, Nelson, BB9 has a total of 34 addresses. According to our analysis of all the public data, 5, Clough Springs, Nelson is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £62k more expensive than the average property in BB9.
5, Clough Springs, Nelson has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Nov 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 5, Clough Springs, Nelson is Nelson station which is 1.9 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 5, Clough Springs, Nelson, 53.2% of property is privately owned outright and 29.1% 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 5, Clough Springs, Nelson, 14.5% of residents are recorded as possessing school level qualifications and 46.1% 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 5, Clough Springs, 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 5, Clough Springs, Nelson, 2.3% 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 5, Clough Springs, Nelson, there are an average of 1.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.