According to the public record, Higher Crownest, Colne is a period house with 1,173 ft2 of internal area and sits on a 339 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Hill Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Higher Crownest, Colne has no records in the Land Registry database and a single entry in the EPC database dated July 2016.
We combine this information with public data 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 Higher Crownest Colne as £383,345 and the rental value as £1,337 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Higher Crownest Colne has increased by £6,706 (1.7%) and its rental value has decreased by £26 per month (1.9%).
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 Higher Crownest, Colne is in very good condition we estimate a sale value of £402,512 and rental value of £1,404 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £356,511 and a rental value of £1,244 per month.
If you were able to purchase this property for the estimated value of £383,345, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,884 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, Higher Crownest, Colne sits on a plot of 339m2.
We have plot size data on 10 out of 13 other houses in the postcode and Higher Crownest, Colne sits on the 9th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Higher Crownest, Colne within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 10, Lob Common Lane, Colne, BB8 7BF, a Freehold house which sold for £368,000 in Sep 2023.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hill Lane, Colne, BB8 has a total of 13 addresses. According to our analysis of all the public data, Higher Crownest, Colne is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £214k more expensive than the average property in BB8.
Higher Crownest, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Jul 2016.
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 Higher Crownest, Colne is Colne station which is 3.1 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 Higher Crownest, Colne, 46.0% of property is privately owned outright and 28.6% 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 Higher Crownest, Colne, 9.2% of residents are recorded as possessing school level qualifications and 36.4% 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 Higher Crownest, Colne, the average age was 45.1 and the most common age was 57.
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 Higher Crownest, Colne, 1.4% 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 Higher Crownest, Colne, there are an average of 1.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.