According to the public record, 8, Lancaster Gate, Nelson is a early-century leasehold house with 1,065 ft2 of internal area and sits on a 241 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lancaster Gate, Nelson, BB9 is located in the borough of Pendle within the BB9 postal district.
8, Lancaster Gate, Nelson has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated November 2015.
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 Lancaster Gate Nelson as £154,195 and the rental value as £598 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 8 Lancaster Gate Nelson has increased by £3,823 (2.5%) and its rental value has decreased by £9 per month (1.4%).
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 8, Lancaster Gate, Nelson is in very good condition we estimate a sale value of £161,905 and rental value of £628 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,401 and a rental value of £556 per month.
If you were able to purchase this property for the estimated value of £154,195, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £758 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, Lancaster Gate, Nelson sits on a plot of 241m2.
We have plot size data on 70 out of 75 other houses in the postcode and 8, Lancaster Gate, Nelson sits on the 59th largest plot.
According to HM Land Registry, 8, Lancaster Gate, Nelson was last sold on 30 Mar 2021 for £75,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 11.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Lancaster Gate, Nelson within a radius of 430 metres over the last 2 years.
The most recent example is 74, Lancaster Gate, Nelson, BB9 0AP, a Leasehold house which sold for £143,000 in Jun 2020.
Read more about house prices in BB9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Gate, Nelson, BB9 has a total of 75 addresses. According to our analysis of all the public data, 8, Lancaster Gate, Nelson is the 21st largest and the 20th most expensive property on the street.
When compared to the postcode district it is £22k more expensive than the average property in BB9.
8, Lancaster Gate, Nelson has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Nov 2015.
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, Lancaster Gate, Nelson is Nelson 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, Lancaster Gate, Nelson, 43.4% of property is privately owned outright and 41.0% is privately owned with a mortgage.
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, Lancaster Gate, Nelson, 24.6% of residents are recorded as possessing school level qualifications and 32.2% 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, Lancaster Gate, Nelson, the average age was 32.4 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 8, Lancaster Gate, Nelson, 1.4% 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, Lancaster Gate, Nelson, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.