According to the public record, 65, Derby Street, Colne is a period leasehold house with 1,054 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Derby Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
65, Derby Street, Colne has a single entry in the Land Registry database from August 2018 and a single entry in the EPC database dated November 2023.
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 65 Derby Street Colne as £83,916 and the rental value as £449 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 65 Derby Street Colne has increased by £3,660 (4.4%) and its rental value has increased by £2 per month (0.4%).
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 65, Derby Street, Colne is in very good condition we estimate a sale value of £88,112 and rental value of £472 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,042 and a rental value of £418 per month.
If you were able to purchase this property for the estimated value of £83,916, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £412 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, 65, Derby Street, Colne was last sold on 15 Aug 2018 for £52,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Aug 2018, the market for similar properties has risen 26.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 65, Derby Street, Colne within a radius of 450 metres over the last 2 years.
The most recent example is 67, Derby Street, Colne, BB8 9AF, a Leasehold house which sold for £82,000 in Oct 2022.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Derby Street, Colne, BB8 has a total of 62 addresses. According to our analysis of all the public data, 65, Derby Street, Colne is the 25th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £86k less expensive than the average property in BB8.
65, Derby Street, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Nov 2023.
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 65, Derby Street, 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 65, Derby Street, Colne, 33.1% of property is privately owned with a mortgage and 24.3% 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 65, Derby Street, Colne, 23.7% of residents are recorded as possessing school level qualifications and 21.0% 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 65, Derby 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 65, Derby 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 65, Derby Street, Colne, there are an average of 1.1 cars per household.
See below for how this compares to North West and the rest of England & Wales.