Summary - 27 DERBY STREET COLNE BB8 9AA
3 bed 1 bath Terraced
Long-term tenant; buy-to-let opportunity in central Colne.
Long-term tenant in place producing £6,840 gross annually
Leasehold with 858 years remaining
Three bedrooms, lounge, kitchen, bathroom and small rear garden
Stone-built Victorian terrace with period features visible externally
Situated in a deprived area with high local crime levels
Street parking only; no front garden, small rear amenity space
Sold at £100,000 — marketed to investors and developers
May require internal maintenance or refurbishment to increase value
This stone-built Victorian mid-terrace on Derby Street, Colne, is offered as a buy-to-let opportunity with a long-term tenant in situ. The property has three bedrooms, a lounge, kitchen, bathroom and a small rear garden, plus on-street parking. Its traditional facade and standard ceiling heights reflect period character beneath a utilitarian, town-centre footprint.
The property is leasehold with 858 years remaining and is marketed at £100,000, producing a current gross income of £6,840 per year. That existing income and the tenant’s stated intention to remain make the house immediately income-generating for investors seeking rental yield or a portfolio addition without void risk. A Let Property Pack is available for detailed investment analysis.
Buyers should note the wider context: the property sits in a deprived, high-crime area of largely blue-collar terraces and will attract enquiries from serious investors and developers. The exterior appears sound from the street photo but the house requires a full internal inspection to confirm condition, and renovation or maintenance work may be needed to raise rental value or convert for other uses. A buyers’ premium applies to secure purchase.
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