According to the public record, 8, Albert Road, Colne is a period leasehold house with 1,700 ft2 of internal area and sits on a 250 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Albert Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
8, Albert Road, Colne has 31 entries in the Land Registry database, most recently in May 2014 and a single entry in the EPC database dated August 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 8 Albert Road Colne as £132,734 and the rental value as £652 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 8 Albert Road Colne has increased by £5,606 (4.2%) and its rental value has increased by £2 per month (0.3%).
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 8, Albert Road, Colne is in very good condition we estimate a sale value of £139,370 and rental value of £685 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £123,442 and a rental value of £607 per month.
If you were able to purchase this property for the estimated value of £132,734, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £652 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, 8, Albert Road, Colne sits on a plot of 250m2.
We have plot size data on 2 out of 3 other houses in the postcode and 8, Albert Road, Colne sits on the largest plot.
According to HM Land Registry, 8, Albert Road, Colne was last sold on 22 May 2014 for £92,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since May 2014, the market for similar properties has risen 43.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Albert Road, Colne within a radius of 480 metres over the last 2 years.
The most recent example is 6, Hartley Street, Colne, BB8 9DF, a Leasehold house which sold for £120,000 in Sep 2019.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albert Road, Colne, BB8 has a total of 62 addresses. According to our analysis of all the public data, 8, Albert Road, Colne is the 19th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in BB8.
8, Albert Road, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Aug 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 8, Albert Road, 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 8, Albert Road, Colne, 35.9% of property is privately rented and 35.2% 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 8, Albert Road, Colne, 21.6% of residents are recorded as possessing school level qualifications and 21.8% 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 8, Albert Road, 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 8, Albert Road, 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 8, Albert Road, Colne, 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.