According to the public record, Old Josephs Cottage, Colne is a period freehold house with 1,162 ft2 of internal area and sits on a 66 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Colne Road, Trawden, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Old Josephs Cottage, Colne has a single entry in the Land Registry database from December 2019 and a single entry in the EPC database dated June 2019.
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 Old Josephs Cottage Colne as £284,112 and the rental value as £995 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Old Josephs Cottage Colne has increased by £6,611 (2.3%) and its rental value has decreased by £15 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 Old Josephs Cottage, Colne is in very good condition we estimate a sale value of £298,317 and rental value of £1,045 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £264,224 and a rental value of £925 per month.
If you were able to purchase this property for the estimated value of £284,112, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,396 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, Old Josephs Cottage, Colne sits on a plot of 66m2.
We have plot size data on 10 out of 23 other houses in the postcode and Old Josephs Cottage, Colne sits on the 9th largest plot.
According to HM Land Registry, Old Josephs Cottage, Colne was last sold on 10 Dec 2019 for £235,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has risen 18.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Old Josephs Cottage, Colne within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 10, Carr View, Colne, BB8 8SQ, a Freehold house which sold for £250,000 in Aug 2022.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colne Road, Trawden, Colne, BB8 has a total of 49 addresses. According to our analysis of all the public data, Old Josephs Cottage, Colne is the 27th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £114k more expensive than the average property in BB8.
Old Josephs Cottage, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2019.
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 Old Josephs Cottage, Colne is Colne station which is 2.8 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 Old Josephs Cottage, Colne, 43.9% of property is privately owned outright and 32.5% 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 Old Josephs Cottage, Colne, 17.7% of residents are recorded as possessing school level qualifications and 27.2% 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 Old Josephs Cottage, 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 Old Josephs Cottage, Colne, 0.8% 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 Old Josephs Cottage, 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.