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Preston New Road, Blackburn, BB2

West Midlands

£200,000
Listed on 03/05/2026

Property Details

Bedrooms
5
Type
Block Of Apartments
Area
2400 sqft

Description

This Victorian semi-detached property, prominently situated on Preston New Road, presents a compelling investment opportunity for cash buyers. The building has been strategically designed over four levels and was previously functioning as a ten-room HMO. It has already been transformed into five self-contained flats, although further refurbishment is necessary to complete the project. Located conveniently near amenities, transportation links, Blackburn College, and the Town Centre, this property offers significant potential for generating strong rental yields once fully refurbished.

Investment Analysis

(BB2 area)

Below Market Value

This property is priced -58.8% below area average per sq ft

-58.8%
Potential saving
This Property
£83/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£533,544
10% above area average per sq ft
Potential ROI
+105.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£714
Based on a loan of £150,000 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

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