Worst House on the Street Logo
Essex Street, Colne - Image 1
Essex Street, Colne - Image 2
Essex Street, Colne - Image 3
Essex Street, Colne - Image 4
Essex Street, Colne - Image 5
Essex Street, Colne - Image 6
Essex Street, Colne - Image 7
Essex Street, Colne - Image 8
Essex Street, Colne - Image 9

Essex Street, Colne

West Midlands

£75,000
Listed on 03/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
718 sqft

Description

This two-bedroom mid-terrace home on Essex Street in Colne presents a solid opportunity for those interested in renovation and investment. Located within a central area, it is conveniently positioned near local amenities, making it an attractive option for first-time buyers or investors looking to capitalize on the area's potential. Upon entering, the property features a spacious lounge that serves as a welcoming focal point. This area not only offers ample room but also serves as a blank canvas for future customization. With some thoughtful updates, it can easily be transformed into a stylish living space that reflects personal tastes. The kitchen, located at the rear of the ground floor, provides direct access to an outdoor yard. While it may require modern upgrades, its functional layout allows for the installation of contemporary fixtures and appliances tailored to today’s lifestyle needs. Upstairs, you'll find two versatile bedrooms that can cater to various uses—whether as comfortable sleeping quarters, a home office, or creative spaces. The accompanying bathroom is also in need of modernization, offering an ideal opportunity for reimagining with updated design elements. Externally, the rear yard provides a private outdoor retreat that requires minimal maintenance. Overall, this property stands ready for renovation and personal touches, making it an intriguing prospect for those looking to invest in a space with significant potential.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -38.7% below area average per sq ft

-38.7%
Potential saving
This Property
£104/sq ft
Area Average
£171/sq ft
Avg Rent (weekly)
£163
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£134,661
10% above area average per sq ft
Potential ROI
+34.7%
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

Essex Street, Colne
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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