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Cambridge Street, Colne BB8 - Image 1
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Cambridge Street, Colne BB8

West Midlands

£69,995
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

Empire Estates offers a promising renovation project nestled in the vibrant town of Colne. This mid-terrace home features two bedrooms and is strategically located within walking distance to various local amenities, schools, shops, and public transport options, making it a prime candidate for both investors and those looking to craft a personalized living space. The front reception room is spacious and filled with natural light from a large window, providing an inviting atmosphere that can be transformed into a cozy lounge or family area. With some thoughtful design work, this room has the potential to serve as the perfect setting for relaxation or entertaining guests. At the back of the property lies the kitchen, which presents a blank canvas for renovation. While it currently requires complete refurbishment and lacks functional appliances, there is ample space to design a contemporary cooking area tailored to individual preferences. Whether envisioning a modern aesthetic or something more classic, this layout allows for flexibility in creating an efficient kitchen equipped with integrated appliances and plenty of storage solutions. The primary bedroom offers generous dimensions suitable for larger furnishings. Though it needs a full redecoration, this space can become an inviting sanctuary with some updates in flooring and lighting. The second bedroom, while smaller, is well-proportioned for various uses such as a single bedroom or home office. Like the rest of the house, it will require redecoration but promises valuable additional space once revitalized. The bathroom features essential fixtures including a bathtub with an overhead shower and hand basin that are in good working order. Its brightness makes it functional with minimal investment needed; simply updating the flooring could elevate this space significantly. Overall, this property not only provides an opportunity for personal customization but also represents significant investment potential in a desirable location.

Investment Analysis

(BB8 area)
Area Average
£171/sq ft
Avg Rent (weekly)
£163
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (BB8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: -1.7%
5 year growth: 4.1%
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

Cambridge Street, Colne BB8
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,496 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE