According to the public record, Unit 3, Riverside Mill, Colne is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,419 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Greenfield Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
Unit 3, Riverside Mill, Colne has a single entry in the Land Registry database from February 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Unit 3 Riverside Mill Colne as £349,451 and the rental value as £1,166 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of Unit 3 Riverside Mill Colne has increased by £18,086 (5.2%) and its rental value has increased by £14 per month (1.2%).
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 Unit 3, Riverside Mill, Colne is in very good condition we estimate a sale value of £366,924 and rental value of £1,225 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £324,989 and a rental value of £1,085 per month.
If you were able to purchase this property for the estimated value of £349,451, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,717 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 HM Land Registry, Unit 3, Riverside Mill, Colne was last sold on 28 Feb 2007 for £355,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 32.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Unit 3, Riverside Mill, Colne within a radius of 690 metres over the last 2 years.
The most recent example is 78, Barrowford Road, Colne, BB8 9QW, a Leasehold house which sold for £128,000 in Mar 2021.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Greenfield Road, Colne, BB8 has a total of 69 addresses. According to our analysis of all the public data, Unit 3, Riverside Mill, Colne is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £180k more expensive than the average property in BB8.
The closest station to Unit 3, Riverside Mill, Colne is Colne station which is 400 metres 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 Unit 3, Riverside Mill, Colne, 31.1% of property is privately owned with a mortgage and 31.1% is privately rented.
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 Unit 3, Riverside Mill, Colne, 22.8% of residents are recorded as possessing school level qualifications and 22.2% 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 Unit 3, Riverside Mill, Colne, the average age was 39.9 and the most common age was 32.
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 Unit 3, Riverside Mill, Colne, 0.0% 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 Unit 3, Riverside Mill, Colne, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.