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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, 42, Spring Lane, Colne is a period freehold house with 624 ft2 of internal area and sits on a 27.9 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 42, Spring Lane, Colne is £88,042 and the estimated rental value is £578 per month.
Spring Lane, Colne, BB8 is located in the borough of Pendle within the BB8 postal district.
42, Spring Lane, Colne has 31 entries in the Land Registry , most recently in October 2022 and a single entry in the EPC database dated March 2018.
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.
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 42, Spring Lane, Colne is in very good condition we estimate a sale value of £92,444 and a rental value of £607 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £81,879 and a rental value of £538 per month.
Over the last 12 months the sale value of 42 Spring Lane Colne has increased by an estimated £2,631 (3.0%) and its rental value has increased by an estimated £19 per month (3.3%), giving an expected gross yield of 7.9%.
According to data from HM Land Registry, 42, Spring Lane, Colne sits on a plot of 28m2.
We have plot size data on 26 out of 32 other houses in the postcode and 42, Spring Lane, Colne sits on the 17th largest plot.
42, Spring Lane, Colne has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Mar 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 42, Spring Lane, Colne was last sold on 5th October 2022 for £90,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since October 2022, the market for similar properties has risen 60.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Spring Lane, Colne within a radius of 440 metres over the last 2 years.
The most recent example is 54, Spring Lane, Colne, BB8 9BD, a freehold house which sold for £80,000 on the 14th February 2023.
Read more about house prices in BB8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Lane, Colne, BB8 has a total of 42 addresses. According to our analysis of all the public data, 42, Spring Lane, Colne is the 21st largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in BB8.
The closest station to 42, Spring Lane, Colne is Colne station which is 500 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 42, Spring Lane, Colne, % of property is and % is .
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 42, Spring Lane, Colne, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 42, Spring Lane, 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 42, Spring Lane, Colne, there are an average of 0.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.
