According to the public record, Burwains, Colne is a mid-century freehold house with 1,483 ft2 of internal area and sits on a 826 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Lake View Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Burwains, Colne has 21 entries in the Land Registry database, most recently in July 2010 and a single entry in the EPC database dated March 2009.
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 Burwains Colne as £459,745 and the rental value as £1,535 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of Burwains Colne has increased by £7,505 (1.6%) and its rental value has decreased by £34 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 Burwains, Colne is in very good condition we estimate a sale value of £482,732 and rental value of £1,611 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £427,563 and a rental value of £1,427 per month.
If you were able to purchase this property for the estimated value of £459,745, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,260 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, Burwains, Colne sits on a plot of 826m2.
We have plot size data on 2 out of 4 other houses in the postcode and Burwains, Colne sits on the largest plot.
According to HM Land Registry, Burwains, Colne was last sold on 30 Jul 2010 for £300,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2010, the market for similar properties has risen 38.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Burwains, Colne within a radius of 820 metres over the last 2 years.
The most recent example is 1, Towler Drive, Colne, BB8 7GN, a Freehold house which sold for £429,950 in Oct 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lake View Road, Colne, BB8 has a total of 4 addresses. According to our analysis of all the public data, Burwains, Colne is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £290k more expensive than the average property in BB8.
Burwains, Colne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Mar 2009.
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 Burwains, Colne is Colne station which is 1.5 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 Burwains, Colne, 40.0% of property is privately owned outright and 38.8% 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 Burwains, Colne, 20.0% of residents are recorded as possessing school level qualifications and 30.4% 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 Burwains, 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 Burwains, 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 Burwains, 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.