According to the public record, 5, Knotts Drive, Colne is a modern leasehold house with 850 ft2 of internal area and sits on a 576 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Knotts Drive, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
5, Knotts Drive, Colne has 51 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated September 2015.
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 Knotts Drive Colne as £207,688 and the rental value as £809 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 5 Knotts Drive Colne has increased by £5,448 (2.6%) and its rental value has decreased by £10 per month (1.3%).
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, Knotts Drive, Colne is in very good condition we estimate a sale value of £218,072 and rental value of £849 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £193,150 and a rental value of £752 per month.
If you were able to purchase this property for the estimated value of £207,688, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,021 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, 5, Knotts Drive, Colne sits on a plot of 576m2.
We have plot size data on 23 out of 29 other houses in the postcode and 5, Knotts Drive, Colne sits on the largest plot.
According to HM Land Registry, 5, Knotts Drive, Colne was last sold on 12 Feb 2021 for £205,000 and was recorded as a leasehold house.
The property has had 5 sales since 1995.
Since Feb 2021, the market for similar properties has risen 10.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Knotts Drive, Colne within a radius of 870 metres over the last 2 years.
The most recent example is 4, Grindlestone Hirst, Colne, BB8 8BF, a Freehold house which sold for £240,000 in Feb 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Knotts Drive, Colne, BB8 has a total of 40 addresses. According to our analysis of all the public data, 5, Knotts Drive, Colne is the 25th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in BB8.
5, Knotts Drive, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Sep 2015.
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 5, Knotts Drive, 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 5, Knotts Drive, Colne, 35.3% of property is socially rented and 29.4% 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 5, Knotts Drive, Colne, 22.9% of residents are recorded as possessing school level qualifications and 20.9% 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, Knotts Drive, 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 5, Knotts Drive, Colne, 0.5% 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, Knotts Drive, Colne, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.