2-bedroom flat · BB8 0SH
Listing removedReduced £50 (−6.9%) on 31 JulListed 97 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perfect properties have brought back to life one of the oldest and most historic buildings in Colne and are very pleased to offer phase 1 of this stunning development - 17 stylish apartments for you to choose from.
Heritage Quarter House is a mixture of spacious 1 bed, 2 bed and duplex apartments ideally located central to the Heritage Quarter and the bustling Colne market town with an abundance of shops and restaurants right on it’s doorstep Colne Train Station, major supermarkets and retail parks are all within 1/2 mile of Heritage House as well as a substantial free car park directly next to the historic building located in the heart of the Heritage Quarter, and just a stones throw from Colne’s iconic three theatres, Heritage Quarter House is the address to be living at.
The building formerly known as Wesleyan School and Sunday School dating back to 1852 is of great scale and ambition, This was the school that young Wallace Hartley attended before he went on to become the Band Master onboard the Titanic.
There are many famous people who attended the school, some of who’s names can still be seen inscribed into the side of the building, such as as the scientist, Colne born Edmondson Spencer (1885 - 1955) who was a chemist and geologist.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
A holding deposit capped at one weeks rent to reserve the property. If the application is successful this can be used towards the rent and deposit
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
Area
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FAQ
About Exchange Street, Colne
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