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See how verdicts work1-bedroom flat · BB8 0NE
For saleListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a convenient residential position within walking distance of Colne town centre, this well-proportioned one-bedroom ground floor apartment offers spacious accommodation together with excellent potential for further enhancement.
The property briefly comprises an entrance porch, fitted kitchen, inner hallway, generous living room, double bedroom and bathroom, whilst externally benefiting from a fully enclosed rear yard.
A particular feature is the substantial cellar, previously utilised as a butcher's shop, which offers a versatile space with excellent potential for conversion into additional living accommodation, a home office or workshop, subject to the necessary permissions and building regulations.
Ideally suited to first-time buyers, downsizers or buy-to-let investors, the property is conveniently located close to a wide range of local amenities, transport links and countryside walks.
Ground Floor Entrance/Porch: 6’3” x 4’2” (1.91m x 1.26m) Accessed from Gordon Street via a paved front forecourt, a UPVC entrance door opens into a useful entrance porch.
The porch is finished with fitted carpeting and wallpapered walls, and provides housing for the gas and electricity meters.
An internal glazed timber door leads into the welcoming entrance hallway, which is also carpeted throughout and features wallpapered walls, a pendant light fitting, and wall-mounted coat hooks.
Kitchen: 16’5” x 8’5” (5.01m x 2.56m) Situated immediately to the left upon entering the apartment, the kitchen is fitted with a range of matching wall and base units complemented by roll-edge work surfaces and a stainless steel sink with drainer and mixer tap.
Finished with wood-effect vinyl flooring and neutral décor throughout, the room offers space for a freestanding cooker, together with additional space for either a fridge or a fridge/freezer.
Further features include a radiator, and the kitchen provides access to the inner hallway.
Inner Hallway: 13’6” x 4’6” Finished with fitted carpeting and neutral décor throughout, the inner hallway provides access to the living room, bedroom and bathroom.
A UPVC window allows for an abundance of natural light, while two pendant light fittings illuminate the space.
The hallway also benefits from a useful built-in storage cupboard, which houses the property's Main combination boiler.
Living Room: 12’4” x 17’0” (3.76m x 5.19m) Finished with fitted carpeting and mixed décor throughout.
A large UPVC window allows for an abundance of natural light, while further features include a radiator and a central pendant light fitting.
A glazed UPVC door provides direct access to the front yard.
Bathroom: 9’4” x 4’11” (2.85m x 1.50m) Wood effect vinyl flooring throughout, W/C, pedestal wash hand basin, and a panelled bath with a shower attachment and glazed shower screen.
The walls surrounding the bath are finished with attractive laminate panelling, while a radiator provides additional comfort.
Bedroom: 9’10” x 12’11” (3.00m x 3.94m) A double bedroom, finished with fitted carpeting and neutral décor throughout.
A walk in bay window fitted with UPVC glazing allows for an abundance of natural light, while further features include a radiator and a central pendant light fitting.
Lower Ground Floor: Cellar: 27’0” x 30’2” (8.24m x 9.19m) Accessed from the ground floor via a timber staircase, the generously sized cellar has previously been utilised as a butcher's shop, offering a substantial and versatile space.
Subject to the necessary planning permissions and building regulations where required, the cellar presents excellent potential for conversion into additional living accommodation, a home office, workshop or further storage.
Outside: Rear Yard: The property benefits from a fully enclosed, walled rear yard, providing ample space for outdoor seating and entertaining.
A timber gate offers convenient pedestrian access directly onto Skipton Road. Front Yard: The property has a small front yard which is also accessible through the living room via an external door.
Location: Situated in a convenient residential location on Gordon Street, Colne, the property enjoys easy access to a wide range of local amenities including supermarkets, independent shops, cafés, restaurants and healthcare facilities.
Colne town centre is within walking distance, while well-regarded primary and secondary schools are also close by.
For commuters, the property benefits from excellent transport links, with Colne railway station providing direct services to Preston and the nearby A56 connecting to the M65 motorway network, offering straightforward access to Burnley, Blackburn, Preston and beyond.
A selection of nearby parks, countryside walks and leisure facilities further enhance the appeal of this well-connected location
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 1, Gordon Street, Colne
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