According to the public record, Apartment 19, Cotton Mill Works, Colne is a modern leasehold apartment with 567 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Cotton Mill Works, The Arches, Colne, BB8.
The Arches, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Apartment 19, Cotton Mill Works, Colne has 2 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated December 2020.
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 Apartment 19 Cotton Mill Works Colne as £64,842 and the rental value as £359 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Apartment 19 Cotton Mill Works Colne has increased by £1,480 (2.3%) and its rental value has decreased by £6 per month (1.6%).
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 Apartment 19, Cotton Mill Works, Colne is in very good condition we estimate a sale value of £68,084 and rental value of £377 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £60,303 and a rental value of £334 per month.
If you were able to purchase this property for the estimated value of £64,842, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £319 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, Apartment 19, Cotton Mill Works, Colne was last sold on 30 Mar 2023 for £65,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2023, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 19, Cotton Mill Works, Colne within a radius of 610 metres over the last 2 years.
The most recent example is Apartment 14, Cotton Mill Works, The Arches, Colne, BB8 8FB, a Leasehold flat which sold for £54,000 in Aug 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Arches, Colne, BB8 has a total of 39 addresses. According to our analysis of all the public data, Apartment 19, Cotton Mill Works, Colne is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in BB8.
Apartment 19, Cotton Mill Works, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Dec 2020.
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 Apartment 19, Cotton Mill Works, Colne is Colne station which is 200 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 Apartment 19, Cotton Mill Works, Colne, 35.3% of property is socially rented and 29.4% is privately rented.
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 Apartment 19, Cotton Mill Works, Colne, 22.9% of residents are recorded as possessing school level qualifications and 20.9% 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 Apartment 19, Cotton Mill Works, 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 Apartment 19, Cotton Mill Works, Colne, 0.5% 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 Apartment 19, Cotton Mill Works, Colne, there are an average of 0.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.