Apartment 3, The Gables
Apartment 3, The Gables
Description & Estimates
Apartment 3, The Gables, Colne is recorded publicly as a modern leasehold apartment across 904 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Apartment 3, The Gables, Colne is £184,745 and its rental estimate is £737 per month, given the available information and assuming reasonable condition.
The Gables, Albert Road is a residential building on Albert Road, Colne, BB8 and falls within the BB8 postal district and the borough of Pendle.
Our Data Sources
Apartment 3, The Gables, Colne has a single entry in the Land Registry from August 2017 and a single entry in the EPC database dated July 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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 Apartment 3, The Gables, Colne, we estimate a market value of £193,982 and a rental value of £774 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £171,813 and £686 per month respectively.
Recent Market Change
Over the last year, Apartment 3, The Gables, Colne has seen its estimated sale value fall by £2,427 (1.3%) and its estimated rental value move up by £2 per month (0.3%). This results in an estimated gross rental yield of 4.8%.
Energy Efficiency
Apartment 3, The Gables, Colne has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Jul 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Apartment 3, The Gables, Colne completed on 18th August 2017 at £145,000 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 risen by 12.5% over the period since August 2017.
- Sold Aug 2017£145,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 470 metres of Apartment 3, The Gables, Colne, per the Land Registry and our network of Estate Agents.
The latest, on the 27th October 2023, was Apartment 5, The Gables, Albert Road, Colne, BB8 0AE, a leasehold flat which sold for £97,500.
Read more about house prices in BB8.
- Sold Oct 2023£97,500 | 2 Bed FlatThe Gables, Albert RoadApartment 5, The Gables, Albert Road, Colne, BB8 0AE
- Sold Jun 2021£250,000 | 3 Bed FlatThe Gables, Albert RoadApartment 2, The Gables, Albert Road, Colne, BB8 0AE
- Sold Mar 2020£290,000 | 4 Bed FlatThe Gables, Albert RoadApartment 1, The Gables, Albert Road, Colne, BB8 0AE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 62 addresses on Albert Road, Colne, BB8, Apartment 3, The Gables, Colne comes out as the 37th largest and the 20th most expensive in our analysis of the public data.
It is also £4k more expensive than the average property across the BB8 district.
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Schools Nearby
- 100mColne Lord Street School
- 600mWest Street Community Primary School
- 1.0kmColne Primet Primary School
- 1.1kmColne Primet Academy
- 1.4kmSs John Fisher and Thomas More Roman Catholic High School
- 1.6kmColne Park High School
More reading links
Public Transport Nearby
From Apartment 3, The Gables, Colne, the nearest station is Colne, 300 metres away.
- 300mColne
- 3.4kmNelson
- 5.3kmBrierfield
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.
