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Preston New Road, Blackburn, Blackburn, BB2 6BN

West Midlands

£315,000
Listed on 12/05/2026

Property Details

Bedrooms
10
Type
Terraced

Description

This expansive end-of-terrace property presents a considerable investment opportunity with the potential to transform into a House in Multiple Occupation (HMO), office space, or multiple apartments, pending the necessary planning permissions. Conveniently located near Blackburn Town Centre, this property boasts 16 rooms, making it ideal for various uses. The front garden and driveway accommodate three vehicles, while the rear offers a paved outdoor space. Local amenities and Al-Buraq Masjid Mosque are easily accessible. Although some renovations are required – particularly with utilities like gas and water currently turned off – completing these updates could significantly enhance yield potential. This property could also serve as an impressive family residence.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
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, Blackburn, BB2 6BN
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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%)
12/05/2026
Current price
£325,000£25,000(-7.1%)
29/12/2025
£350,000Initial listing
08/10/2025

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