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Skipton Road, Colne BB8

West Midlands

£140,000
Listed on 03/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1173 sqft

Description

This three-bedroom mid-terraced property offers ample space and presents a significant opportunity for either first-time buyers or savvy investors looking to enhance value through refurbishment. Upon entering, you are greeted by a porch that leads into a central hallway featuring practical under-stairs storage. The ground floor boasts two reception rooms; the front room showcases charming original coving and a traditional fireplace, while the second reception room is adorned with modern wood-effect flooring and stylish wall panelling, creating a versatile space that can accommodate various needs. The kitchen, complete with necessary appliances and access to the rear yard, provides an essential functional area ripe for updates. On the first floor, you'll find two generous double bedrooms alongside a smaller single bedroom, with one of the doubles enjoying picturesque views towards Pendle Hill. Notably, the spacious attic offers excellent potential for conversion into additional living space—pending appropriate planning permissions—which could significantly increase the property's appeal and market value. Externally, the property features both a paved front yard and an enclosed rear yard with gated access, providing a private outdoor retreat. This home is conveniently located within walking distance to Colne town centre’s amenities and benefits from strong transport links via the M65 motorway, making it attractive for commuters and families alike. With thoughtful renovations, this property could be transformed into a highly desirable residence in a vibrant community.

Investment Analysis

(BB8 area)

Below Market Value

This property is priced -29.1% below area average per sq ft

-29.1%
Potential saving
This Property
£119/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
£217,222
10% above area average per sq ft
Potential ROI
+31.6%
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

Skipton Road, Colne BB8
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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
£499
Based on a loan of £105,000 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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