8 Phillips Lane

    8, PHILLIPS LANE, COLNE, BB8 8JB

    This terraced leasehold property on Phillips Lane last sold in December 2015 for £72,000. Based on price growth in the BB8 district since then, its estimated current value is £111,113 — placing it in the 5th percentile nationally and the 26th percentile within BB8. The property covers 86 m² (926 sq ft), giving an estimated value of £1,292 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    926 sq ft

    86 m²

    Last Sale Price

    £72,000

    Dec 2015

    Estimated Valuation

    £111,113

    Est. £/sq ft

    £120/sq ft

    £1,292/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formMid-Terrace
    Construction ageEngland and Wales: before 1900
    Habitable rooms4
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area926 sq ft (86 m²)
    EPC dateDec 2014
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    22 Dec 2015

    £72,000

    Key Metrics

    Estimated valuation£111,113
    Value per sq ft / m²£120/sq ft (£1,292/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    BB8 district percentile26th percentile
    National percentile5th percentile

    District Context — BB8

    BB8 covers parts of East Lancashire, including areas around Burnley and the surrounding towns. It is a post-industrial region with a growing focus on affordable family housing and local regeneration.

    Average Property Price - BB8

    £184,684

    8

    National percentile

    Average Net Household Income - BB8

    £25,815

    3

    National percentile

    10-Year Annualised Price Growth - BB8

    3.7%

    54

    National percentile

    10-Year Annualised Rent Growth - BB

    3.9%

    49

    National percentile

    View full analysis for BB8

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