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Green Street East, Darwen

West Midlands

£70,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This traditional stone-fronted mid-terrace house presents a compelling renovation opportunity for investors and cash buyers. Located on a cobbled street, the property is within walking distance of Darwen's town center and the Railway Station, providing convenient access to local amenities and transportation. The home features two bedrooms and a functional layout that includes a three-piece bathroom on the first floor. Upon entering, you are greeted by an entrance vestibule leading to a living room adorned with original coving details. The kitchen, though basic, offers essential elements like wall and floor units, a stainless steel sink, and space for an electric hob and oven. There's also a basement room that adds potential for additional living space or storage. Upstairs, you'll find two bedrooms; the principal bedroom is spacious with a double-glazed sash window that invites natural light. The second bedroom offers a more compact yet functional space suitable for various uses. Both rooms benefit from radiator heating alongside the centrally heated system throughout. Externally, there is an enclosed yard at the rear of the property, perfect for outdoor use while being mindful of neighboring access rights. The front of the house allows for permit parking, enhancing its appeal in this busy town environment. Given its current state of neglect, this property is ideal for those looking to invest in renovations or improvements. With strategic updates and enhancements, there’s significant potential to increase value in this well-located home. The vendor advises that it is leasehold with approximately 999 years remaining on the lease at minimal annual costs; however, prospective buyers should verify these details through their solicitor. This property not only holds immediate residential potential but also benefits from its location near essential services and transport links in Darwen—making it an attractive option for those willing to undertake renovations.

Investment Analysis

(BB3 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£169
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (BB3)

Area prices are rising by +5.9% over the last 12 months
3 year growth: 13.1%
5 year growth: 28.8%
Investment Disclaimer: Analysis based on BB3 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

Green Street East, Darwen
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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
£256
Based on a loan of £52,500 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