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14 Essex Street, Colne, Lancashire BB8 0HB

West Midlands

£57,500Guide Price

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
913 sqft

Description

This three-bedroom terraced house in Colne, BB8, presents an excellent opportunity for those looking to invest in a property that requires refurbishment. The home has previously been part of a rental portfolio and is now seeking updates to maximize its potential. With some enhancements, this property could yield strong returns through rental income or appreciation for resale. Key features include double glazing, central heating, and two reception rooms making it suitable as a family residence. There’s also an enclosed yard at the rear and on-street parking available. The layout includes a hall, lounge, reception room, and kitchen on the ground floor, with two bedrooms and a bathroom upstairs. Additionally, there is a loft room that can serve as a third bedroom. Conveniently located near Colne town centre and the train station, it offers easy access to local amenities. Notably, this property will be sold via live-streamed auction on 29 July 2026 in partnership with Jackson & Son.

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Investment analysis

(BB8 area)

Below Market Value

This property is priced -63.0% below area average per sq ft

-63.0%
Potential saving
This Property
£63/sq ft
Area Average
£170/sq ft
Avg Rent (weekly)
£161
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£171,133
10% above area average per sq ft
Potential ROI
+85.0%
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
17%
Properties sold annually

Local Market Trend (BB8)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +7.4%
5 year growth: +1.5%
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

14 Essex Street, Colne, Lancashire BB8 0HB
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£217
Based on a loan of £43,125 over 30 years at 4.45% 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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