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Skipton Road, Colne, BB8

West Midlands

£140,000
Listed on 02/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1179 sqft

Description

This three-bedroom mid-terraced house offers a spacious layout and presents an excellent opportunity for both first-time buyers and investors looking to capitalize on renovation potential. The property features an entrance porch that leads into a central hallway, which includes useful under-stairs storage. Two generously sized reception rooms provide versatile living options. The front reception boasts original coving and a charming fireplace, while the second reception room showcases modern wood-effect flooring and wall panelling, creating a stylish atmosphere. The kitchen is functional yet ripe for updating, complete with ample unit space and access to the rear yard. Upstairs hosts two double bedrooms and a single bedroom, with the latter benefiting from picturesque views towards Pendle Hill. A sizeable attic area offers substantial potential for conversion into additional living space, subject to necessary permissions. Externally, discover a paved front yard and an enclosed rear yard, both designed for ease of maintenance while providing privacy. Conveniently located near Colne town centre, this property is within walking distance of various amenities and benefits from strong transport links via the M65 motorway network. With its solid structure and appealing location, this home is primed for those looking to invest in renovations that could significantly enhance its value.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -29.5% below area average per sq ft

-29.5%
Potential saving
This Property
£119/sq ft
Area Average
£168/sq ft
Avg Rent (weekly)
£163
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£218,333
10% above area average per sq ft
Potential ROI
+28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (BB8)

Area prices are rising by +4.7% over the last 12 months
3 year growth: +6.9%
5 year growth: +5.4%
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

Skipton Road, Colne, BB8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£499
Based on a loan of £105,000 over 30 years at 3.97% 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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