According to the public record, West Springfield, Colne is a early-century freehold house with 2,185 ft2 of internal area and sits on a 951 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Castle Road, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
West Springfield, Colne has 2 entries in the Land Registry database, most recently in October 2016 and a single entry in the EPC database dated October 2013.
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 West Springfield Colne as £504,639 and the rental value as £1,730 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of West Springfield Colne has increased by £8,252 (1.6%) and its rental value has decreased by £38 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 West Springfield, Colne is in very good condition we estimate a sale value of £529,871 and rental value of £1,817 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,315 and a rental value of £1,609 per month.
If you were able to purchase this property for the estimated value of £504,639, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,480 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, West Springfield, Colne sits on a plot of 951m2.
We have plot size data on 5 out of 7 other houses in the postcode and West Springfield, Colne sits on the 2nd largest plot.
According to HM Land Registry, West Springfield, Colne was last sold on 20 Oct 2016 for £390,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2016, the market for similar properties has risen 29.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to West Springfield, Colne within a radius of 1.3 kilometres over the last 2 years.
The most recent example is Plush Laithe, Hill Lane, Colne, BB8 7EF, a Freehold house which sold for £470,000 in Oct 2020.
Read more about house prices in BB8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Road, Colne, BB8 has a total of 87 addresses. According to our analysis of all the public data, West Springfield, Colne is the 7th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £335k more expensive than the average property in BB8.
West Springfield, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Oct 2013.
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 West Springfield, Colne is Colne station which is 2.9 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 West Springfield, 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 West Springfield, 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 West Springfield, 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 West Springfield, 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 West Springfield, 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.