3-bedroom house · BB8 8DT
Listing removedReduced £10k (−9.1%) on 24 JulListed 144 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A deceptively spacious, three bedroom mid-terraced home on burnley road Conveniently situated in the heart of a popular area of Colne, with easy access to major commuter routes along the M65 towards Burnley, Blackburn and beyond!
This property benefits from two spacious reception rooms, two generously sized bedrooms, an attic room, three piece bathroom and is ideally suited for a first time buyer or investor looking to put their personal stamp on a property to create a charming home.
The property comprises briefly, to the ground floor: Entrance into a welcoming reception room that houses the staircase to the first floor and door to the second reception room.
The second reception room has understairs storage and a door to the kitchen. The kitchen is newly fitted and has access to the rear.
The first floor landing has doors to two bedrooms, three piece bathroom and staircase to the second floor. The second floor landing has an attic bedroom with eaves storage.
The current owner has enhanced the property with room-to-room insulation, which benefits from a guarantee and helps maintain a comfortable temperature throughout the year - keeping the home warm in winter and cooler during the summer months.
The property also benefits from a valid gas safety certificate and a five-year electrical safety certificate, demonstrating that essential maintenance has been kept up to date.
Externally the property boasts an enclosed rear yard and an enclosed yard with bedding areas and stone steps to the front.
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.
Area
Agent & docs
FAQ
About 119, Burnley Road, Lancashire
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