2-bedroom house · BB8 8AT
Listing removedReduced £27k (−47.4%) on 15 AugListed 101 daysAuction 8 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction on Tuesday, 08 Sep 2026 ending at 11:08 A traditional two-bedroom stone-built terrace requiring refurbishment throughout, offering excellent potential for investors, developers or those seeking a value-add project.
An excellent opportunity for investors, developers or those looking for a renovation project, this traditional stone-built mid-terrace property is offered to the market requiring a programme of refurbishment throughout.
The accommodation is arranged over two floors and extends to approximately 50.51 sq m (544 sq ft).
The ground floor comprises a lounge and generously sized kitchen, while the first floor provides two well-proportioned bedrooms and a bathroom.
Externally, the property benefits from an attractive traditional stone frontage onto a cobbled residential street, together with an enclosed yard to the rear.
As demonstrated by the photographs, the property requires modernisation and improvement, providing an ideal blank canvas for a purchaser to refurbish to their own specification.
Once completed, the property could make an attractive buy-to-let investment or resale opportunity, subject to any necessary consents.
Located in Colne, Lancashire, the property is well positioned for access to the town centre and the surrounding amenities, making this an appealing proposition for investors and developers seeking a value-add opportunity.
Tenure: See Legal Pack EPC Rating: D Portrait Video Tour False Additional Fees Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 21 Atkinson Street, Colne
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