Preston New Road, Blackburn, BB2 - Image 1

Preston New Road, Blackburn, BB2 - Image 2

Preston New Road, Blackburn, BB2 - Image 3

Preston New Road, Blackburn, BB2 - Image 4

Preston New Road, Blackburn, BB2

West Midlands

£160,000

Listed on 03/05/2026

Property Details

Bedrooms

N/A

Type

Block Of Apartments

Description

This Victorian-style semi-detached property stands prominently on Preston New Road, offering a prime opportunity for astute investors. Previously operating as a ten-room house in multiple occupation (HMO), this four-storey property is nestled within close proximity to essential amenities, transport links, Blackburn College, and the town centre. It requires comprehensive refurbishment to restore its full potential but promises significant investment returns through rental yields upon completion. This sale is conducted by TAUK Secure Sale, ensuring a streamlined and secure transaction process with an upfront legal pack available for interested buyers.

Investment Analysis

(BB2 area)

Area Average

£202/sq ft

Avg Rent (weekly)

£195

Avg Yield

4.5%

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£60,000 - £90,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

29%

Properties sold annually

Local Market Trend (BB2)

Area prices are falling by -8.7% over the last 12 months

3 year growth: +7.9%

5 year growth: +16.3%

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

Preston New Road, Blackburn, BB2

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments

£571

Based on a loan of £120,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Buyer type *

I am a UK resident

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Similar Properties

Preston New Road, Blackburn, BB2

Property Details

Description

Investment Analysis

Renovation Potential

Local Market Trend (BB2)

Location

Mortgage Calculator

Stamp Duty Calculator

Next Steps

Get help with this property

Next Steps

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