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20 Duke Street, Colne, Lancashire BB8 0SU

West Midlands

£50,000
Listed on 08/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This terraced property, situated in a well-established residential area on Duke Street in Colne, represents a promising opportunity for those looking to invest in a renovation project. The home spans four floors and is primarily in need of comprehensive refurbishment and modernization, making it ideal for builders and developers eager to enhance its value for future resale or rental. The layout includes a living room and dining room on the ground floor, with two bedrooms and a bathroom located on the first floor. Additionally, there is a loft conversion that adds further potential living space, as well as the convenience of double glazing and central heating throughout. A basement is also available for storage or utility purposes. Colne, located in East Lancashire, offers a range of local amenities including shops, schools, and transport links that will appeal to both homeowners and tenants once improvements are made. This property’s proximity to the town centre enhances its attractiveness for those seeking ease of access to everyday necessities.

Investment Analysis

(BB8 area)
Area Average
£166/sq ft
Avg Rent (weekly)
£159
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (BB8)

Area prices are rising by +8.7% over the last 12 months
3 year growth: +6.6%
5 year growth: +7.2%
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

20 Duke Street, Colne, Lancashire BB8 0SU
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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