According to the public record, Burnside, Colne is a period freehold house with 1,948 ft2 of internal area and sits on a 509 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Favordale Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Burnside, Colne has a single entry in the Land Registry database from March 2019 and a single entry in the EPC database dated March 2018.
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 Burnside Colne as £386,746 and the rental value as £1,326 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Burnside Colne has increased by £6,324 (1.6%) and its rental value has decreased by £29 per month (2.2%).
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 Burnside, Colne is in very good condition we estimate a sale value of £406,084 and rental value of £1,392 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £359,674 and a rental value of £1,233 per month.
If you were able to purchase this property for the estimated value of £386,746, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,901 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, Burnside, Colne sits on a plot of 509m2.
We have plot size data on 4 out of 6 other houses in the postcode and Burnside, Colne sits on the 4th largest plot.
According to HM Land Registry, Burnside, Colne was last sold on 08 Mar 2019 for £245,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2019, 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 Burnside, Colne within a radius of 630 metres over the last 2 years.
The most recent example is 32, Bent Lane, Colne, BB8 7AA, a Leasehold house which sold for £380,000 in May 2021.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Favordale Road, Colne, BB8 has a total of 8 addresses. According to our analysis of all the public data, Burnside, Colne is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £217k more expensive than the average property in BB8.
Burnside, Colne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Mar 2018.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Burnside, Colne is Colne station which is 2.0 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 Burnside, Colne, 53.7% of property is privately owned outright and 32.2% 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 Burnside, Colne, 10.5% of residents are recorded as possessing school level qualifications and 32.5% 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 Burnside, 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 Burnside, Colne, 1.8% 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 Burnside, Colne, 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.