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North Bank House, Pleckgate Road, Blackburn, BB1 8PN - Image 1
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North Bank House, Pleckgate Road, Blackburn, BB1 8PN - Image 3
North Bank House, Pleckgate Road, Blackburn, BB1 8PN - Image 4
North Bank House, Pleckgate Road, Blackburn, BB1 8PN - Image 5

North Bank House, Pleckgate Road, Blackburn, BB1 8PN

West Midlands

£499,950
Listed on 09/07/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1862 sqft

Description

This five-bedroom detached house, nestled in the desirable Pleckgate area, is a promising project for those looking to invest in a property with significant development potential. Originally constructed as a residence for a mill owner, this home requires modernization and refurbishing, making it an ideal canvas for creative renovation efforts. The extensive grounds offer ample space for expansion or landscaping, subject to planning consent, allowing for endless possibilities to tailor the property to your personal vision.<br><br>Furthermore, the home's location provides convenient access to community amenities, including educational institutions such as Pleckgate High School and various primary schools, catering well to families. With nearby transport links and places of worship, this property holds strong appeal due to its practicality alongside its investment potential.

Investment Analysis

(BB1 area)

Above Market Value

This property is priced +46.4% above area average per sq ft

+46.4%
This Property
£269/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£375,537
10% above area average per sq ft
Potential ROI
-39.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (BB1)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 5.9%
5 year growth: 29.1%
Investment Disclaimer: Analysis based on BB1 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

North Bank House, Pleckgate Road, Blackburn, BB1 8PN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,831
Based on a loan of £374,962 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE