According to the public record, 7, Warehouse Lane, Colne is a period freehold house with 1,108 ft2 of internal area and sits on a 87.6 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Warehouse Lane, Foulridge, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
7, Warehouse Lane, Colne has 2 entries in the Land Registry database, most recently in September 2023 and a single entry in the EPC database dated June 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 7 Warehouse Lane Colne as £159,322 and the rental value as £731 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 7 Warehouse Lane Colne has increased by £2,821 (1.8%) and its rental value has decreased by £15 per month (2.1%).
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, Warehouse Lane, Colne is in very good condition we estimate a sale value of £167,288 and rental value of £767 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £148,170 and a rental value of £680 per month.
If you were able to purchase this property for the estimated value of £159,322, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £783 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 data from HM Land Registry, 7, Warehouse Lane, Colne sits on a plot of 88m2.
We have plot size data on 15 out of 26 other houses in the postcode and 7, Warehouse Lane, Colne sits on the 4th largest plot.
According to HM Land Registry, 7, Warehouse Lane, Colne was last sold on 15 Sep 2023 for £179,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2023, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Warehouse Lane, Colne within a radius of 1.7 kilometres over the last 2 years.
The most recent example is 11, Hawthorne Terrace, Colne, BB8 7PE, a Freehold house which sold for £145,000 in Jan 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Warehouse Lane, Foulridge, Colne, BB8 has a total of 26 addresses. According to our analysis of all the public data, 7, Warehouse Lane, Colne is the 4th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in BB8.
7, Warehouse Lane, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jun 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 7, Warehouse Lane, Colne is Colne station which is 2.6 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, Warehouse Lane, Colne, 40.9% of property is privately owned with a mortgage and 33.8% 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, Warehouse Lane, Colne, 19.8% of residents are recorded as possessing school level qualifications and 33.7% 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, Warehouse Lane, 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, Warehouse Lane, Colne, 1.2% 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, Warehouse Lane, Colne, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.