Colne, BB8 8AX | Investment Property for Sale | VES-BB8-002

Opportunity to purchase a HMO in Colne with the potential to generate a 8.1% net yield


HMO End of Terrace House




Based on

deposit: £56,250

stamp duty: £8,750

mortgage fees: £1,500

conveyancing fees: £1,000







This listing along with over £30 million of other property has been sold since our launch in 2018.

Looking for property like this one? Either search for similar properties or contact us with your investment criteria.

The property





5 bedrooms

1 bathroom

1 reception room


Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 1888
  • Years left on lease: 865 years (from 2022)
  • Service charge: n/a
  • Service charge review period: n/a
  • Ground rent: peppercorn
  • Ground rent review period: n/a

Property information

  • Fully refurbished HMO
  • Works are due to complete soon
  • Split over 2 floors
  • 5 x bedrooms
  • Shared kitchen and lounge
  • Shared bathroom
  • Separate WC
  • EPC rating: C
  • Council tax band: A

Rental income

  • SERCO is ready to sign a 7-year FRI lease with a 3-year extension and move in
  • Expected rental income: £1,512.50 pcm; £18,150 pa
  • The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present

Location information

  • The property is located just outside the town centre of Colne
  • Colne town centre is a 10-minute walk from the property
  • Colne railway station is 0.3 miles from the property
  • There are a number of greenspaces within short walking distance
  • Easy access to the A56


Please note that Vesta has not visited this property and that the vendor has provided all material.


Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Colne, Lancashire

Colne is a market town in Lancashire in the north-west of England. It lies around 3 miles north-east of Nelson, 6 miles north-east of Burnley, 2 miles east of Preston and 30 miles west of Leeds.

The M65 motorway terminates at Colne where it changes into the A6068 to Keighley. The A682 runs just west of Colne connecting it to Burnley and Long Preston, whilst the nearby A56 runs to Skipton.

Colne railway station is the eastern terminus of the East Lancashire Line and is operated by Northern. Trains services run from Blackpool South to Preston as well as Blackburn to Burnley and Colne.

Some of the local landmarks include the views of several well-known hills including Boulsworth Hill, Noyna Hill, Blacko Tower and Weets Hill. The best-known local landmark is Pendle Hill which is associated with the Pendle witches and attracts lots of visitors, especially on Halloween. With its proximity to the Pennines there are plenty of options for outdoor pursuits, including hiking, cycling and exploring of villages.

Colne offers a variety of shops from larger retail stores to smaller independent shops on the high street, as well as a market. Boundary Mill Stores is one of the first factory outlets in the UK and is located near the M65.

Education in Colne is provided by a number of pre-schools, primary schools, as well as three high schools and Nelson and Colne College.

The main employment area is located at Whitewalls, near junction 14 of the M65 motorway, and with over 27 hectares houses a wide range of local businesses. The East Lancashire Primary Care Trust has its headquarters in Walshaw House on the same estate.

Laithe Street,





What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >


Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2023 Vesta Global Limited. All rights reserved.