According to the public record, 59, Vernon Street, Nelson 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.
Vernon Street, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
59, Vernon Street, Nelson has 31 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated May 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 59 Vernon Street Nelson as £71,907 and the rental value as £391 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 59 Vernon Street Nelson has increased by £5,015 (7.0%) and its rental value has increased by £11 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 59, Vernon Street, Nelson is in very good condition we estimate a sale value of £75,502 and rental value of £410 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £66,873 and a rental value of £364 per month.
If you were able to purchase this property for the estimated value of £71,907, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £353 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, 59, Vernon Street, Nelson was last sold on 12 Nov 2021 for £64,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since Nov 2021, the market for similar properties has risen 9.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Vernon Street, Nelson within a radius of 420 metres over the last 2 years.
The most recent example is 11, Napier Street, Nelson, BB9 0SN, a Freehold house which sold for £148,800 in May 2024.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vernon Street, Nelson, BB9 has a total of 62 addresses. According to our analysis of all the public data, 59, Vernon Street, Nelson is the 24th largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £60k less expensive than the average property in BB9.
59, Vernon Street, Nelson has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 May 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 59, Vernon Street, Nelson is Nelson station which is 300 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 59, Vernon Street, Nelson, 46.6% of property is privately rented and 27.1% 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 59, Vernon Street, Nelson, 33.6% of residents are recorded as possessing school level qualifications and 14.1% 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 59, Vernon Street, Nelson, the average age was 34.7 and the most common age was 12.
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 59, Vernon Street, Nelson, 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 59, Vernon Street, Nelson, there are an average of 0.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.