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Lime Street, Colne

West Midlands

£75,000
Listed on 14/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
610 sqft

Description

This mid-terrace residence on Lime Street in Colne represents a promising opportunity for those interested in property renovation or investment. Conveniently situated near local amenities, schools, and public transport, this home is ripe for enhancement and offers substantial potential to increase its market value. The interior spans two floors, beginning with a generously sized lounge at the front that could greatly benefit from modern upgrades. This space allows for personalization, where new owners can create an inviting living area tailored to their preferences. At the rear of the property lies a kitchen with a simplistic layout that awaits a complete refurbishment. There is considerable scope to reimagine this area into a stylish and practical culinary space, complete with direct access to the enclosed rear yard. Moving to the first floor, you'll find two bedrooms that are both in need of improvement, alongside a shower room that requires modernisation as well. The existing layout provides a solid framework for buyers looking to maximize space and enhance aesthetics through thoughtful renovations. Outside, the low-maintenance enclosed yard offers a private outdoor retreat. Overall, this property is ideally suited for those keen on embarking on a refurbishment journey, with opportunities to transform it into either a comfortable family home or a lucrative investment in this desirable part of Colne.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -25.9% below area average per sq ft

-25.9%
Potential saving
This Property
£123/sq ft
Area Average
£166/sq ft
Avg Rent (weekly)
£159
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£111,386
10% above area average per sq ft
Potential ROI
-3.1%
After renovation
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

Lime Street, Colne
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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
£266
Based on a loan of £56,250 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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