Worst House on the Street Logo
Wood Street, Darwen - Image 1
Wood Street, Darwen - Image 2
Wood Street, Darwen - Image 3
Wood Street, Darwen - Image 4
Wood Street, Darwen - Image 5

Wood Street, Darwen

West Midlands

£67,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
775 sqft

Description

This two-bedroom mid-terrace house presents an excellent opportunity for renovation and investment in a sought-after residential neighborhood. Currently vacant and featuring UPVC double glazing along with central heating, the property is ready for a fresh vision to unlock its potential. While it requires some updating and repairs, this is a blank canvas for those looking to make improvements tailored to modern living standards. Situated near the junction of Wood Street and Vale Street, the location benefits from proximity to local amenities, making it convenient for everyday needs. Darwen Town Centre is just a short distance away, while Blackburn lies approximately four miles to the north, offering additional shopping and recreational options. With rental yields in the area estimated between £750 and £800 per month for similar tenant-ready properties, there is clear potential for significant return on investment. Recent sales of comparable homes nearby demonstrate the market's strength: properties like 43 Brighton Terrace sold for £132,500, while others have gone for prices up to £140,000. This property offers the chance not only to create a comfortable home but also to capitalize on the growing demand within this attractive community. Sold as seen on a freehold basis, this could be an ideal project for investors or first-time buyers looking to make their mark in Darwen.

Investment Analysis

(BB3 area)

Below Market Value

This property is priced -50.0% below area average per sq ft

-50.0%
Potential saving
This Property
£86/sq ft
Area Average
£173/sq ft
Avg Rent (weekly)
£174
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£6,700 - £16,750
10-25% of property value
Target Value
£147,397
10% above area average per sq ft
Potential ROI
+76.0%
After renovation
Monthly Sales
36
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (BB3)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 13.8%
5 year growth: 30.1%
Investment Disclaimer: Analysis based on BB3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Wood Street, Darwen
Map showing location of Wood Street, Darwen
Open Map