According to the public record, 56, Varley Street, Colne is a period leasehold house with 1,011 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Varley Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
56, Varley Street, Colne has 2 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated February 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 56 Varley Street Colne as £101,000 and the rental value as £549 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 56 Varley Street Colne has increased by £6,025 (6.0%) and its rental value has increased by £11 per month (2.0%).
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 56, Varley Street, Colne is in very good condition we estimate a sale value of £106,050 and rental value of £576 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £93,930 and a rental value of £511 per month.
If you were able to purchase this property for the estimated value of £101,000, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £496 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, 56, Varley Street, Colne was last sold on 29 Jul 2022 for £101,500 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Varley Street, Colne within a radius of 440 metres over the last 2 years.
The most recent example is 18, Oak Street, Colne, BB8 0AZ, a Leasehold house which sold for £68,000 in Oct 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Varley Street, Colne, BB8 has a total of 77 addresses. According to our analysis of all the public data, 56, Varley Street, Colne is the 31st largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in BB8.
56, Varley Street, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Feb 2021.
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 56, Varley Street, Colne is Colne station which is 1.5 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 56, Varley Street, Colne, 38.9% of property is privately rented and 33.3% 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 56, Varley Street, Colne, 27.3% of residents are recorded as possessing school level qualifications and 26.1% 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 56, Varley Street, Colne, the average age was 43.8 and the most common age was 62.
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 56, Varley 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 56, Varley Street, Colne, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.