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Chad Street, Colne, BB8

West Midlands

£80,000

Listed on 24/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
667 sqft

Description

Nestled along a quiet cobbled street, this two-bedroom terraced house presents an ideal opportunity for first-time buyers eager to add their personal touch, as well as for investors seeking a promising rental yield. The property is conveniently located near local supermarkets, motorway access, and gyms, making it practical for everyday living and commuting. Upon entering, you are greeted by a lounge featuring an electric fire that serves as a central focal point. At the rear, the spacious kitchen/diner is equipped with a range of units and includes an integrated electric oven and gas hob, along with a breakfast bar for additional dining space. Upstairs, the property comprises a well-proportioned double bedroom and a generous single bedroom, perfect for use as a child's room, guest room, or home office. The bathroom features a three-piece suite in white, including a low-level WC, pedestal hand wash basin, and a panelled bath with an overhead shower. Externally, the property boasts a good-sized rear patio area with a secure gated entrance, offering a low-maintenance outdoor space. With ample potential for personalization and improvement, this property could serve as an excellent first home or buy-to-let investment in a highly convenient location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

69out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This two-bedroom terraced house presents an appealing opportunity for first-time buyers or investors, especially given its competitive asking price of £80,000, which is notably cheap at £120/sqf compared to the local average of £170/sqf. This pricing creates a solid entry point for those looking to acquire a property that can be enhanced over time. With a light refurbishment scale estimated between £20,000 and £40,000, there is significant potential to transform the space and add value.

The home features a good-sized living room and kitchen/diner that are in decent condition, alongside a bathroom fitted with essential amenities. The rear patio offers outdoor space that is both low-maintenance and secure, ideal for enjoying the surroundings. While some internal areas may require attention, the overall condition remains average and suitable for someone looking to make their mark. Given the potential rental income of approximately £700–£750 PCM, this property stands out as a promising investment in a good location, close to local amenities and transport links.

Key opportunities

  • Exceptional value with asking price significantly below local £/sqf.
  • Opportunity to enhance the property through light refurbishment, potentially increasing rental income.
  • Good-sized outdoor patio area for low-maintenance enjoyment.

Key risks

None recorded.

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Map

Location

Chad Street, Colne, BB8
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£302
Based on a loan of £60,000 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.

Tax

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Indicative tax based on the asking price and the options you select.

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