According to the public record, 8, Lark Street, Colne is a period leasehold house with 699 ft2 of internal area and sits on a 1,682 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Lark Street, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
8, Lark Street, Colne has 2 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated January 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 8 Lark Street Colne as £113,180 and the rental value as £630 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 8 Lark Street Colne has increased by £7,640 (6.8%) and its rental value has increased by £17 per month (2.7%).
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, Lark Street, Colne is in very good condition we estimate a sale value of £118,839 and rental value of £661 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,258 and a rental value of £586 per month.
If you were able to purchase this property for the estimated value of £113,180, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £556 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, Lark Street, Colne sits on a plot of 1682m2.
We have plot size data on 12 out of 12 other houses in the postcode and 8, Lark Street, Colne sits on the largest plot.
According to HM Land Registry, 8, Lark Street, Colne was last sold on 19 May 2023 for £113,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since May 2023, the market for similar properties has risen 7.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Lark Street, Colne within a radius of 490 metres over the last 2 years.
The most recent example is 119, Langroyd Road, Colne, BB8 9ED, a Leasehold house which sold for £98,500 in Mar 2024.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lark Street, Colne, BB8 has a total of 12 addresses. According to our analysis of all the public data, 8, Lark Street, Colne is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £57k less expensive than the average property in BB8.
8, Lark Street, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jan 2023.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 8, Lark Street, Colne is Colne station which is 1.3 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 8, Lark Street, Colne, 39.4% of property is privately owned with a mortgage and 32.3% 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 8, Lark Street, Colne, 17.6% of residents are recorded as possessing school level qualifications and 26.1% 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, Lark 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 8, Lark Street, Colne, 0.8% 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, Lark Street, Colne, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.