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Carter Fold, Mellor, Blackburn, Lancashire, BB2

West Midlands

£259,950
Listed on 18/07/2025

Property Details

Bedrooms
3
Type
Detached house
Area
934 sqft

Description

Nestled on a desirable corner plot, this three-bedroom detached bungalow presents a compelling opportunity for renovation and investment. The property is available without any onward chain, making it an attractive prospect for those looking to create their ideal living space or capitalize on its potential as a rental investment. The bungalow features spacious rooms throughout, providing ample opportunity for customization and modern upgrades. Its layout includes a welcoming inner porch that leads into a generous living room adorned with neutral décor, complemented by a feature fireplace. A sizable dining room offers flexibility in design, inviting future homeowners to reimagine the space according to their preferences. The kitchen, equipped with a blend of black and white cabinetry and an integral oven with an induction hob, has the foundation necessary for contemporary enhancements. The sleeping quarters comprise two well-proportioned double bedrooms and a single bedroom, catering to various needs—whether family living or guest accommodations. The three-piece family bathroom includes traditional fixtures with a shower over the bath, presenting further scope for modernization. Externally, the property boasts tidy gardens that wrap around the home, enhancing its appeal. A driveway at the front provides convenient parking, supplemented by an additional side driveway suitable for up to two vehicles leading to a detached garage. The rear garden offers both lawn and patio areas, ensuring low-maintenance outdoor space ideal for relaxation or entertainment. Located in the sought-after village of Mellor, residents can enjoy easy access to local amenities and dining options within walking distance. Additionally, public transport routes and commuter links to Blackburn and the M6 corridor are readily accessible from this location, further increasing its attractiveness as an investment. This bungalow represents a prime opportunity for buyers seeking single-level living combined with significant renovation potential in a vibrant community setting.

Investment Analysis

(BB2 area)

Above Market Value

This property is priced +45.6% above area average per sq ft

+45.6%
This Property
£278/sq ft
Area Average
£191/sq ft
Avg Rent (weekly)
£187
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£196,388
10% above area average per sq ft
Potential ROI
-34.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (BB2)

Area prices are falling by +4.0% over the last 12 months
3 year growth: 12.3%
5 year growth: 18.3%
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

Carter Fold, Mellor, Blackburn, Lancashire, BB2
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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
£952
Based on a loan of £194,962 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