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Knotts Lane, Colne, Lancashire BB8

West Midlands

£89,950
Listed on 24/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1132 sqft

Description

This end-terrace house, situated in the appealing town of Colne, presents a significant opportunity for renovation enthusiasts and investors alike. Built in 1912, it offers a generous living space of 1,132 square feet, featuring two sizable reception rooms and a kitchen on the ground floor enhanced by a single-storey extension. Although the interior requires considerable updating to reach modern standards, the exterior has been well-maintained with recent re-pointing enhancements and sound ridge tile improvements. The property is equipped with energy-efficient double-glazed UPVC windows and doors, providing a comfortable living environment. The first floor houses three well-sized bedrooms and a bathroom, along with an expansive landing that suggests potential for further development into additional living spaces or bedrooms. The property includes an entrance porch, lounge, dining room, kitchen, and also features garden forecourt, rear yard, and an integral garage. Given its prime location and inherent potential for transformation, this property invites those seeking to invest in a home they can personalize to their tastes. This is an excellent chance to create your ideal living space through thoughtful refurbishment.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -52.3% below area average per sq ft

-52.3%
Potential saving
This Property
£79/sq ft
Area Average
£167/sq ft
Avg Rent (weekly)
£158
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£207,450
10% above area average per sq ft
Potential ROI
+59.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (BB8)

Area prices are rising by +3.6% over the last 12 months
3 year growth: -0.6%
5 year growth: +4.5%
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

Knotts Lane, Colne, Lancashire BB8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£324
Based on a loan of £67,462 over 30 years at 4.06% 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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