According to the public record, 7, Floats Mill, Colne is a leasehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,337 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Floats Mill, Trawden, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
7, Floats Mill, Colne has 2 entries in the Land Registry database, most recently in March 2018 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 Floats Mill Colne as £251,368 and the rental value as £840 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 7 Floats Mill Colne has increased by £4,314 (1.7%) and its rental value has decreased by £17 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 7, Floats Mill, Colne is in very good condition we estimate a sale value of £263,936 and rental value of £882 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,772 and a rental value of £781 per month.
If you were able to purchase this property for the estimated value of £251,368, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,235 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, 7, Floats Mill, Colne was last sold on 23 Mar 2018 for £234,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Mar 2018, the market for similar properties has risen 26.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Floats Mill, Colne within a radius of 2.7 kilometres over the last 2 years.
The most recent example is 2, Floats Mill, Colne, BB8 8TJ, a Leasehold house which sold for £242,000 in Jan 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Floats Mill, Trawden, Colne, BB8 has a total of 32 addresses. According to our analysis of all the public data, 7, Floats Mill, Colne is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £82k more expensive than the average property in BB8.
The closest station to 7, Floats Mill, Colne is Colne station which is 3.9 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 7, Floats Mill, Colne, 46.1% of property is privately owned with a mortgage and 38.2% 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 7, Floats Mill, Colne, 13.1% of residents are recorded as possessing school level qualifications and 34.7% 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 7, Floats Mill, Colne, the average age was 45.1 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 7, Floats Mill, Colne, 0.3% 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 7, Floats Mill, Colne, there are an average of 1.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.