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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 3, Spring Grove, Colne is a leasehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,111 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Spring Grove, Colne is £285,997 and the estimated rental value is £1,088 per month.
Spring Grove, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
3, Spring Grove, Colne has 21 entries in the Land Registry , most recently in December 2018 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 1 out of 5 and is considered of low accuracy.
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 3, Spring Grove, Colne is in very good condition we estimate a sale value of £300,297 and a rental value of £1,142 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £265,978 and a rental value of £1,011 per month.
Over the last 12 months the sale value of 3 Spring Grove Colne has increased by an estimated £6,073 (2.1%) and its rental value has increased by an estimated £30 per month (2.8%), giving an expected gross yield of 4.6%.
According to HM Land Registry, 3, Spring Grove, Colne was last sold on 14th December 2018 for £215,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since December 2018, the market for similar properties has dropped 9.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Spring Grove, Colne within a radius of 1.5 kilometres over the last 2 years.
The most recent example is 20, Alma Road, Colne, BB8 7JJ, a freehold house which sold for £250,000 on the 30th November 2022.
Read more about house prices in BB8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Grove, Colne, BB8 has a total of 12 addresses. According to our analysis of all the public data, 3, Spring Grove, Colne is the 11th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £107k more expensive than the average property in BB8.
The closest station to 3, Spring Grove, Colne is Colne station which is 3.2 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 3, Spring Grove, Colne, 46.0% of property is privately owned outright and 28.6% is privately owned with a mortgage.
The graph below shows how this compares to North West 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 3, Spring Grove, Colne, 9.2% of residents are recorded as possessing school level qualifications and 36.4% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, Spring Grove, 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 3, Spring Grove, Colne, 1.4% 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 3, Spring Grove, 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.
