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Preston New Road, Blackburn

West Midlands

£315,000
Listed on 14/05/2026

Property Details

Bedrooms
4
Type
End Of Terrace

Description

This spacious extended end-of-terrace property presents a significant opportunity for transformation and investment potential. Located conveniently near Blackburn Town Centre, the property boasts 16 rooms, making it an ideal candidate for conversion into a House in Multiple Occupation (HMO), offices, or apartments, subject to obtaining the necessary planning permissions. The front garden features a driveway capable of accommodating three vehicles, while the rear garden is paved for low-maintenance outdoor space. The interior requires some refurbishment to unlock its full potential, which could yield impressive returns or serve as a large family residence. Each floor presents a blend of rooms with various sizes currently featuring concrete or floorboards underfoot and some areas already replastered. Notably, several rooms may be adapted into bathrooms, further enhancing its versatility. Given its close proximity to local amenities and Al-Buraq Masjid Mosque, this property is well-positioned to appeal to future occupants or tenants alike. Viewings are highly encouraged to appreciate the scale and possibilities this property offers.

Investment Analysis

(BB2 area)
Area Average
£202/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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
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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
£1,124
Based on a loan of £236,250 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

Price History

-10.0% since listed
£315,000£10,000(-3.1%)
14/05/2026
Current price
£325,000£25,000(-7.1%)
27/12/2025
£350,000Initial listing
08/10/2025

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