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Carter Fold, Mellor, Blackburn, Lancashire, BB2 - Image 1
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Carter Fold, Mellor, Blackburn, Lancashire, BB2

West Midlands

£240,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
567 sqft

Description

This three-bedroom detached bungalow sits on a corner plot, offering excellent renovation potential for investors or homeowners ready to create their ideal living space. Currently in need of modernisation throughout, the property is a blank canvas awaiting personal touches. With spacious rooms, wraparound gardens, and single-level accommodation, it presents a compelling opportunity for those looking to invest in a home that can be tailored to their style. Located in the popular village of Mellor, the bungalow is conveniently close to local shops and eateries, as well as public transport options connecting to Blackburn and the M6 corridor. The layout consists of an inviting porch leading to a generously sized living room featuring neutral decor and a functional gas fire. The dining area also offers ample space for customization. The kitchen is equipped with contrasting units and includes an integral oven with an induction hob, though it will benefit from modern updates. The sleeping quarters comprise a main double bedroom alongside another double and a single room, complemented by a family bathroom fitted with a shower over bath. Externally, the property benefits from two driveways providing off-street parking—one leading to a detached garage—and manageable outdoor spaces including both lawned areas and patios at the rear for outdoor relaxation. This home is perfect for renovation enthusiasts seeking potential in a serene neighbourhood.

Investment Analysis

(BB2 area)

Above Market Value

This property is priced +114.8% above area average per sq ft

+114.8%
This Property
£423/sq ft
Area Average
£197/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£122,900
10% above area average per sq ft
Potential ROI
-56.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (BB2)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +11.4%
5 year growth: +15.4%
Investment Disclaimer: Analysis based on BB2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Carter Fold, Mellor, Blackburn, Lancashire, BB2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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