According to the public record, 8, Paddock Top Mews, Colne is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 926 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Paddock Top Mews, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
8, Paddock Top Mews, Colne has a single entry in the Land Registry database from May 2008 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 8 Paddock Top Mews Colne as £118,818 and the rental value as £521 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 8 Paddock Top Mews Colne has increased by £3,775 (3.2%) and its rental value has decreased by £4 per month (0.7%).
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, Paddock Top Mews, Colne is in very good condition we estimate a sale value of £124,759 and rental value of £547 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,501 and a rental value of £485 per month.
If you were able to purchase this property for the estimated value of £118,818, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £584 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, 8, Paddock Top Mews, Colne was last sold on 30 May 2008 for £145,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2008, the market for similar properties has risen 11.5%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 8, Paddock Top Mews, Colne within a radius of 620 metres over the last 2 years.
The most recent example is 1, Hendly Court, Colne, BB8 9PJ, a Leasehold flat which sold for £99,500 in Oct 2007.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Paddock Top Mews, Colne, BB8 has a total of 18 addresses. According to our analysis of all the public data, 8, Paddock Top Mews, Colne is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in BB8.
The closest station to 8, Paddock Top Mews, Colne is Colne station which is 500 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, Paddock Top Mews, Colne, 52.2% of property is privately rented and 30.6% 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, Paddock Top Mews, Colne, 15.3% of residents are recorded as possessing school level qualifications and 24.9% 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, Paddock Top Mews, Colne, the average age was 39.9 and the most common age was 32.
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, Paddock Top Mews, Colne, 0.6% 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, Paddock Top Mews, Colne, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.