Apartment 8, Cotton Mill Works The Arches, Colne, BB8 8FB is a leasehold flat built between 2003-2006. The property offers approximately 409 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £72,745 , which equates to approximately £178 per square foot. It was last sold on 19 May 2023 for £65,000. Since then, the value has increased by £7,745, representing a 11.9% increase, or approximately 4.7% per year.

The current estimated value of £72,745 is:

  • 5.6% lower than the average property price on The Arches
  • 9.5% higher than the average in the BB8 8FB postcode area
  • and 63.4% lower than the average price for Colne as a whole

At the most recent EPC inspection on 15 June 2022, the property was recorded as owner-occupied.

View sold house prices in BB8 8FB

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
409 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£72,745
Price Per sq ft (estimate)
£178
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 8, Cotton Mill Works The Arches, Colne, Pendle, Lancashire, BB8 8FB has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 15 Jun 2022.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 14 May 2010, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 6%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency changing from very good to good, while the system remained as from main system.
  • The wall construction or insulation changed from timber frame, as built, insulated (assumed) to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 40% of fixed outlets to low energy lighting in all fixed outlets, with efficiency improving from average to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to BB8 8FB

3 rd / 18
Price Rank
10% higher than average
18 th / 18
Size Rank
19% smaller than average
1 st / 18
Price Per Sq FT Rank
35% higher than average

Compared to other properties in BB8 8FB , this flat's estimated value ranks 3rd out of 18. Based on price per square foot, it ranks 1st out of 18 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 18th out of 18 properties in its postcode area.

Sale History

Today
£72,745
streetscan.co.uk estimate
+12 %
19 May 2023
£65,000
Leasehold
-27 %
6 Feb 2008
£89,000
Leasehold

Area Insights

Similar Properties Sold Nearby

Apartment 7, Cotton Mill Works The Arches, Colne, BB8 8FB
rooms: 3
size: 457 sq ft
sale price: £54,000
sale date: 28 Sep 2016
Apartment 9, Cotton Mill Works The Arches, Colne, BB8 8FB
rooms: 3
size: 426 sq ft
sale price: £40,000
sale date: 19 Apr 2012
Apartment 1, Cotton Mill Works The Arches, Colne, BB8 8FB
rooms: 2
size: 431 sq ft
sale price: £76,000
sale date: 15 Feb 2008

Data Sources

The property at Apartment 8, Cotton Mill Works The Arches, Colne, BB8 8FB appears two times in the Land Registry records, with the latest transaction recorded on 19 May 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 15 Jun 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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