16, Forest Bank
16, Forest Bank
Description & Estimates
16, Forest Bank, Colne is recorded publicly as a modern freehold house across 947 ft2 of internal area, sitting on a 166 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 16, Forest Bank, Colne is £254,891 and its rental estimate is £984 per month, given the available information and assuming reasonable condition.
Forest Bank, Trawden, Colne, BB8 falls within the BB8 postal district, in the borough of Pendle.
Our Data Sources
16, Forest Bank, Colne has 21 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated May 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 16, Forest Bank, Colne, we estimate a market value of £267,636 and a rental value of £1,034 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £237,049 and £916 per month respectively.
Recent Market Change
Over the last year, 16, Forest Bank, Colne has seen its estimated sale value climb by £3,584 (1.4%) and its estimated rental value rise by £30 per month (3.1%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 16, Forest Bank, Colne as measuring 166 m2.
That makes it the 12th largest plot in the postcode, where all 14 other houses have recorded plot data.
Energy Efficiency
16, Forest Bank, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 16, Forest Bank, Colne completed on 22nd July 2022 at £250,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 15.0% over the period since July 2022.
- Sold Jul 2022£250,000
- Sold Nov 2006£130,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Forest Bank, Colne have sold within a radius of 1.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th September 2024, was 4, Forest Bank, Colne, BB8 8NH, a freehold house which sold for £240,000.
Read more about house prices in BB8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 14 addresses on Forest Bank, Trawden, Colne, BB8, 16, Forest Bank, Colne comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £74k more expensive than the average property across the BB8 district.
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Schools Nearby
- 100mTrawden Forest Primary School
- 1.7kmColne Christ Church Church of England Voluntary Aided Primary School
- 2.0kmPark Primary School
- 2.3kmColne Park High School
- 3.4kmColne Primet Academy
- 3.4kmSs John Fisher and Thomas More Roman Catholic High School
More reading links
Public Transport Nearby
From 16, Forest Bank, Colne, the nearest station is Colne, 3.1 kilometres away.
- 3.1kmColne
- 5.2kmNelson
- 7.0kmBrierfield
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
