According to the public record, 5, Park Street East, Nelson is a modern leasehold house with 953 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Park Street East, Barrowford, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
5, Park Street East, Nelson has a single entry in the Land Registry database from February 2011 and a single entry in the EPC database dated July 2010.
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 Park Street East Nelson as £249,054 and the rental value as £938 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 5 Park Street East Nelson has increased by £5,697 (2.3%) and its rental value has decreased by £15 per month (1.6%).
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, Park Street East, Nelson is in very good condition we estimate a sale value of £261,507 and rental value of £984 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,620 and a rental value of £872 per month.
If you were able to purchase this property for the estimated value of £249,054, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,224 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, Park Street East, Nelson was last sold on 04 Feb 2011 for £175,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Feb 2011, the market for similar properties has risen 45.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Park Street East, Nelson within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 6, Park Street East, Nelson, BB9 6JY, a Freehold house which sold for £208,500 in Oct 2022.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Street East, Barrowford, Nelson, BB9 has a total of 17 addresses. According to our analysis of all the public data, 5, Park Street East, Nelson is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £117k more expensive than the average property in BB9.
5, Park Street East, Nelson has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jul 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 5, Park Street East, Nelson is Colne station which is 2.1 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, Park Street East, Nelson, 37.5% of property is privately owned outright and 35.8% 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, Park Street East, Nelson, 13.2% of residents are recorded as possessing school level qualifications and 36.9% 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, Park Street East, 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, Park Street East, Nelson, 1.6% 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, Park Street East, Nelson, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.