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Floats Mill, Trawden, Colne

West Midlands

£95,000

Listed on 19/05/2026

Property Details

Bedrooms
2
Type
Apartment
Area
749 sqft

Description

Nestled in a tranquil area of Trawden, this first-floor apartment offers a promising opportunity for those looking to invest in a renovation project. The spacious layout provides solid foundations for transformation, with ample room to refresh and modernize the interiors throughout. Natural light pours into the generous open plan living and kitchen area, which holds significant potential for reconfiguration to align with contemporary tastes. While the kitchen includes existing units and appliances, it awaits an upgrade to enhance functionality. The accommodation features two sizeable double bedrooms, including a principal suite with its own en-suite shower, complemented by a separate bathroom accessible from the other bedroom. While these facilities are currently functional, they would greatly benefit from refurbishment to elevate living standards. Additional advantages include allocated parking and a communal setting that fosters a sense of community. Given that the property is leasehold and falls under Council Tax Band B—with manageable service charges—the investment appeal is clear. With imaginative vision and effort, this apartment could be expertly tailored into either a comfortable home or an attractive rental opportunity.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -24.7% below area average per sq ft

-24.7%
Potential saving
This Property
£127/sq ft
Area Average
£168/sq ft
Avg Rent (weekly)
£163
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£138,704
10% above area average per sq ft
Potential ROI
+15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Floats Mill, Trawden, Colne
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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
£339
Based on a loan of £71,250 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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