According to the public record, Oakfield, Colne is a period freehold house with 2,249 ft2 of internal area and sits on a 834 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Skipton Old Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Oakfield, Colne has a single entry in the Land Registry database from June 2007 and a single entry in the EPC database dated May 2012.
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 Oakfield Colne as £446,174 and the rental value as £1,530 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Oakfield Colne has increased by £7,296 (1.6%) and its rental value has decreased by £33 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 Oakfield, Colne is in very good condition we estimate a sale value of £468,483 and rental value of £1,606 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £414,942 and a rental value of £1,423 per month.
If you were able to purchase this property for the estimated value of £446,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,193 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, Oakfield, Colne sits on a plot of 834m2.
We have plot size data on 6 out of 15 other houses in the postcode and Oakfield, Colne sits on the 3rd largest plot.
According to HM Land Registry, Oakfield, Colne was last sold on 14 Jun 2007 for £372,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2007, the market for similar properties has risen 31.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Oakfield, Colne within a radius of 900 metres over the last 2 years.
The most recent example is 269, Keighley Road, Colne, BB8 7HD, a Freehold house which sold for £300,000 in Jun 2019.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Skipton Old Road, Colne, BB8 has a total of 89 addresses. According to our analysis of all the public data, Oakfield, Colne is the 15th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £276k more expensive than the average property in BB8.
Oakfield, Colne has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 May 2012.
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 Oakfield, Colne is Colne station which is 2.4 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 Oakfield, 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 Oakfield, 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 Oakfield, 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 Oakfield, 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 Oakfield, 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.