25, Lea Bank Mews
25, Lea Bank Mews
Description & Estimates
25, Lea Bank Mews, Nelson appears in the public record as a leasehold apartment.
We estimate it to be a modern apartment with 773 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 25, Lea Bank Mews, Nelson is £101,103 and its rental estimate is £703 per month, given the available information and assuming reasonable condition.
Lea Bank Mews, Nelson, BB9 falls within the BB9 postal district, in the borough of Pendle.
Our Data Sources
25, Lea Bank Mews, Nelson has a single entry in the Land Registry from August 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.
The local information is scored as 5 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 25, Lea Bank Mews, Nelson, we estimate a market value of £106,158 and a rental value of £738 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £94,026 and £654 per month respectively.
Recent Market Change
Over the last year, 25, Lea Bank Mews, Nelson has seen its estimated sale value fall by £944 (0.9%) and its estimated rental value move up by £7 per month (1.0%). This results in an estimated gross rental yield of 8.3%.
Sold Prices
The most recent sale of 25, Lea Bank Mews, Nelson completed on 28th August 2007 at £103,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 13.5% over the period since August 2007.
- Sold Aug 2007£103,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 25, Lea Bank Mews, Nelson have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th February 2018, was 20, Lea Bank Mews, Nelson, BB9 8TT, a leasehold flat which sold for £75,000.
Read more about house prices in BB9.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 26 addresses on Lea Bank Mews, Nelson, BB9, 25, Lea Bank Mews, Nelson comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £45k less expensive than the average property across the BB9 district.
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Schools Nearby
- 600mBradley Primary School
- 700mHoly Saviour Roman Catholic Primary School, Nelson
- 800mCastercliff Primary School
- 400mPendle Vale College
- 900mSs John Fisher and Thomas More Roman Catholic High School
- 1.0kmColne Primet Academy
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Public Transport Nearby
From 25, Lea Bank Mews, Nelson, the nearest station is Nelson, 1.3 kilometres away.
- 1.3kmNelson
- 1.8kmColne
- 3.2kmBrierfield
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.
