We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · BB8 9BD
Sold STCListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on Spring Lane, this substantial three-bedroom end-terrace property offers generous and versatile accommodation arranged over four floors.
Conveniently located within close proximity to Colne town centre and a wide range of local amenities, shops, schools and transport links, the property is ideally suited to families and commuters alike.
Offered for sale with no onward chain, it presents an excellent opportunity for buyers seeking space and potential.
The lower ground floor features a useful cellar level divided into three separate rooms.
Currently arranged as a utility room, workshop and store, this area provides superb practicality and valuable additional space, with flexibility for a variety of uses including hobbies, storage or home working.
To the ground floor are two well-proportioned reception rooms, offering flexible living and dining arrangements.
To the rear sits a spacious kitchen diner, providing ample room for fitted units, appliances and a family dining table, creating a sociable heart of the home ideal for everyday living and entertaining.
The first floor landing gives access to two double bedrooms and a further single bedroom.
A four-piece bathroom suite includes a bath, separate shower, wash basin and WC, complemented by a separate two-piece WC for added convenience.
The second floor attic room offers further versatile space. Externally, there is a forecourt to the front with potential for parking and an enclosed rear yard.
For Sale by Modern Method of Auction; Starting Bid Price £90,000 plus Reservation Fee. This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About Spring Lane, Colne
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