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Bence Street, Colne, Lancashire, BB8

West Midlands

£72,500
Listed on 12/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
825 sqft

Description

This end-terrace property features two bedrooms and is situated on Bence Street in Colne, presenting an excellent renovation opportunity for buyers looking to enhance a home with their personal touch. With its proximity to the town centre, residents will enjoy easy access to local amenities and transport links. Inside, the property greets you with an entrance hallway that leads to a spacious reception room, ideal for both relaxation and social gatherings. The kitchen diner, while functional, is primed for modernisation and could easily become a vibrant space for dining and entertaining. At the rear of the house, a private yard offers a manageable outdoor area that can be improved to create an inviting garden or patio space. On the upper floor, two well-proportioned bedrooms await along with a family bathroom – both featuring potential for enhancement or reconfiguration. This property is sold without any onward chain, making it an appealing choice for those seeking a straightforward purchase process. While some updates are needed, this residence serves as a blank canvas for investors or homeowners eager to increase its value through targeted renovations.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -48.5% below area average per sq ft

-48.5%
Potential saving
This Property
£88/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
£154,729
10% above area average per sq ft
Potential ROI
+58.7%
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

Bence Street, 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
£266
Based on a loan of £54,375 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