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Hermitage Street, Rishton, Blackburn - Image 1
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Hermitage Street, Rishton, Blackburn

West Midlands

£150,000
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property presents an excellent opportunity for renovation and investment in a sought-after area. The home features a blend of character and practicality, making it a promising canvas for those looking to create their ideal living space. Internally, the layout is functional and spacious. The entrance hallway leads to a generous reception room that includes original architectural details and offers plenty of natural light through its large windows. Adjacent to this is a modern fitted kitchen that contains contemporary wall and base units, providing ample storage while maximizing efficiency in the cooking area. A secondary reception room adds to the living space, which can be adapted according to your needs. On the upper levels, you will find three well-sized bedrooms complemented by a family bathroom equipped with modern amenities. The second floor offers potential for even more utility with a significant loft room that could serve as an additional bedroom, office, or playroom. Each level boasts a good flow between rooms, suggesting ample potential for redesign or reconfiguration to suit contemporary lifestyles. Outside, the front garden enhances curb appeal while the enclosed rear yard provides outdoor space that can be transformed into an inviting retreat or entertainment area. The property's location is another advantage—situated within easy reach of local schools, bus routes, and essential amenities. Additionally, access to Blackburn, Accrington, Clitheroe, and major motorway links makes commuting straightforward. As such, this property not only holds promise as a family home but also represents solid investment potential in a growing market. Overall, this mid-terrace offers both comfort and versatility with room for improvement, making it ideal for buyers looking to invest their creativity and vision into a property that can be tailored to their preferences over time.

Investment Analysis

(BB1 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Hermitage Street, Rishton, Blackburn
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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
£549
Based on a loan of £112,500 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