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Casserley Road, Colne, Lancashire, BB8

West Midlands

£159,950
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
933 sqft

Description

This three-bedroom semi-detached home is situated in a sought-after residential neighborhood in Colne, making it an appealing prospect for buyers interested in renovation and investment opportunities. The property has been well-maintained by its current owners, yet it presents the potential for modernization to reflect contemporary tastes and lifestyles. The exterior includes a driveway accommodating two vehicles, providing convenience and ease of access. Upon entering, you are welcomed by a hallway that leads to versatile living spaces. The main reception room features a gas fireplace, creating an inviting atmosphere, while the adjacent dining room offers flexibility for gatherings or can serve as additional living space. The kitchen is equipped with a breakfast bar, allowing for casual dining and easy meal prep. A useful utility room extends from the kitchen, enhancing functionality and storage options—a valuable asset for families or individuals seeking extra space to organize their home. Upstairs, the property consists of three generously sized bedrooms alongside a family bathroom. This layout is ideal for growing families or first-time buyers looking to establish themselves in an attractive community setting. With approximately 933 sq. ft. of living space and being sold with no onward chain, this freehold property represents an excellent opportunity to create your ideal home through renovation projects. Its location benefits from nearby amenities and transportation links, further increasing its investment potential. A viewing is highly recommended to fully appreciate what this property has to offer and envision the possibilities ahead.

Investment Analysis

(BB8 area)

Above Market Value

This property is priced +0.5% above area average per sq ft

+0.5%
This Property
£171/sq ft
Area Average
£171/sq ft
Avg Rent (weekly)
£163
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£174,984
10% above area average per sq ft
Potential ROI
-12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (BB8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: -1.7%
5 year growth: 4.1%
Investment Disclaimer: Analysis based on BB8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Casserley Road, Colne, Lancashire, BB8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £119,962 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE