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Canal Side Property For Sale – Wanless Water Farm, Red Lane, Colne, BB8 7JP - Image 1
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Canal Side Property For Sale – Wanless Water Farm, Red Lane, Colne, BB8 7JP - Image 25

Canal Side Property For Sale – Wanless Water Farm, Red Lane, Colne, BB8 7JP

West Midlands

£600,000

Listed on 10/07/2026

Property details

Bedrooms
3
Type
Detached
Area
1545 sqft

Description

This unique property presents a rare opportunity for those interested in renovation and investment, set alongside the picturesque Leeds & Liverpool Canal. The grade II listed detached three-bedroom house is complemented by approximately 11 acres of meadow and pasture, complete with private moorings that currently generate an income of around £7,500 per annum. The peaceful setting provides ample scope for expansion or enhancement of the existing structures, including the potential to convert the adjacent stone barn into a dwelling, subject to necessary permissions. The interior boasts character features such as exposed beams and mullion windows, while the garden and grounds offer tranquility with private parking. This home is not just a residence; it’s an opportunity for hobby farming, equestrian ventures, or conservation projects. With further land available separately, this property stands out for its versatility and investment potential in a desirable rural location.

Investment analysis

(BB8 area)

Above Market Value

This property is priced +127.9% above area average per sq ft

+127.9%
This Property
£388/sq ft
Area Average
£170/sq ft
Avg Rent (weekly)
£161
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£289,595
10% above area average per sq ft
Potential ROI
-57.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Canal Side Property For Sale – Wanless Water Farm, Red Lane, Colne, BB8 7JP
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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
£2,267
Based on a loan of £450,000 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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