2 bed terraced house for sale

Salisbury Street, Colne BB8

An attractive garden-fronted mid-terrace property, sold as an investment with a tenant in situ, currently paying £475 pcm, making it an excellent opportunity for landlords seeking immediate rental income.

Ideally located near the amenities of Colne town centre and within the local school catchment area, this well-maintained property offers spacious living accommodation arranged over two floors. The ground floor features an entrance lobby, a comfortable lounge, and a fully fitted dining kitchen—ideal for tenants looking for modern, practical living spaces. The property benefits from double glazing and gas-fired central heating, ensuring energy efficiency and low running costs for tenants.

The first floor includes a substantial double bedroom to the front, a single bedroom to the rear, and a three-piece bathroom suite in white. These features provide flexibility for renting to individuals, couples, or small families.

Externally, there is a low-maintenance enclosed rear yard. The property's location, within easy reach of transport links, shops, and dining options, further enhances its appeal to tenants.

With a tenant already in place and no onward chain, this investment is ready to provide a steady rental yield from day one, making it a perfect addition to any landlord’s portfolio.

For Sale by Modern Method of Auction; Starting Bid Price £65,000 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 £349.00 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.