According to the public record, Apartment 8, The Gables, Colne is a modern leasehold apartment with 1,149 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in The Gables, Albert Road, Colne, BB8.
Albert Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Apartment 8, The Gables, Colne has a single entry in the Land Registry database from February 2018 and a single entry in the EPC database dated July 2017.
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 8 The Gables Colne as £203,778 and the rental value as £740 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of Apartment 8 The Gables Colne has increased by £11,235 (5.5%) and its rental value has increased by £11 per month (1.5%).
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 8, The Gables, Colne is in very good condition we estimate a sale value of £213,967 and rental value of £777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,513 and a rental value of £688 per month.
If you were able to purchase this property for the estimated value of £203,778, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,002 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 8, The Gables, Colne was last sold on 09 Feb 2018 for £215,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2018, the market for similar properties has risen 20.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 8, The Gables, Colne within a radius of 480 metres over the last 2 years.
The most recent example is Apartment 2, The Gables, Albert Road, Colne, BB8 0AE, a Leasehold flat which sold for £250,000 in Jun 2021.
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, Apartment 8, The Gables, Colne is the 31st largest and the 7th most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in BB8.
Apartment 8, The Gables, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Apartment 8, The Gables, Colne is Colne station which is 300 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 8, The Gables, Colne, 49.2% of property is socially rented and 19.8% 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 8, The Gables, Colne, 14.5% of residents are recorded as possessing school level qualifications and 25.1% 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 Apartment 8, The Gables, 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 Apartment 8, The Gables, Colne, 0.9% 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 8, The Gables, Colne, there are an average of 0.7 cars per household.
See below for how this compares to North West and the rest of England & Wales.