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Richmond Crescent, Blackburn, BB1

West Midlands

£174,950
Listed on 23/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
861 sqft

Description

This three-bedroom semi-detached home offers a solid foundation for families and investors alike, situated in a well-regarded neighborhood that promises both convenience and potential. With an appealing layout and the exciting possibility of future enhancements, this property is an intriguing opportunity for those looking to make their mark. Access to the property is easy, featuring a block-paved driveway that ensures off-street parking. The entrance leads into a welcoming hall with access to the main living areas. The ground floor encompasses two spacious reception rooms; the living room is bathed in natural light from a large bay window, while the dining room benefits from French doors that open to the garden, facilitating effortless indoor-outdoor flow. The kitchen, equipped with essential appliances and ample cupboard space, provides a functional area for meal preparation. Its design allows for further customization, presenting an opportunity to expand or modernize according to personal taste. On the first floor, you will find three bedrooms that cater to various needs—from creating a cozy nursery or study space to accommodating guests. The master bedroom features generous dimensions, while one of the additional bedrooms boasts built-in storage solutions—ideal for maximizing space. A well-appointed bathroom services this level. Outside, the rear garden includes a laid-to-lawn area complemented by mature shrubs and trees, offering privacy and potential for cultivation or landscaping improvements. Given the property’s dimensions and layout, there are possibilities for expansion (subject to planning permission), which could significantly enhance its value. Located in proximity to local amenities, schools, and transport links, this home presents not just an immediate living solution but also strategic investment potential. Whether you're looking to settle into a family-friendly neighborhood or exploring renovation projects that can yield future returns, this property merits consideration.

Investment Analysis

(BB1 area)

Above Market Value

This property is priced +10.8% above area average per sq ft

+10.8%
This Property
£203/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£173,651
10% above area average per sq ft
Potential ROI
-13.2%
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

Richmond Crescent, 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
£641
Based on a loan of £131,212 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