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Bank Hey Lane North, Blackburn, BB1

West Midlands

£167,000
Listed on 24/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
861 sqft

Description

This two-bedroom semi-detached property in Brownhill is situated on a generous corner plot, surrounded by scenic farmland, offering significant renovation and investment potential. Although the home has been dutifully maintained over the decades, including a re-wire around 2010 and a newer boiler installed approximately six years ago, it presents an opportunity for updates and personalization. With no onward chain, this property is uniquely positioned for buyers looking to enhance its value. The layout includes two reception rooms, a kitchen with basic fittings, and a rear porch currently serving as a utility space. Upstairs are two spacious double bedrooms serviced by a shower room and separate WC, with the existing staircase layout suggesting ease of potential side extension (subject to planning permission). The exterior boasts ample garden space that could also accommodate off-street parking access from both Bank Hey Lane North and Newington Avenue. Located in the increasingly desirable Brownhill area, amenities and local schools are conveniently nearby, making this property an attractive project for those with vision.

Investment Analysis

(BB1 area)

Above Market Value

This property is priced +5.8% above area average per sq ft

+5.8%
This Property
£194/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£173,651
10% above area average per sq ft
Potential ROI
-9.6%
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

Bank Hey Lane North, Blackburn, BB1
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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
£612
Based on a loan of £125,250 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