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Whalley New Road, Blackburn, Lancashire, BB1

West Midlands

£120,000
Listed on 06/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
812 sqft

Description

This two-bedroom terraced home, situated in the vibrant area of Bastwell, presents a great opportunity for renovation and investment. With no onward chain, it beckons potential buyers looking to infuse their personal style into a property that already boasts spacious rooms and a welcoming layout. Located along Whalley New Road, this property benefits from its proximity to local amenities, including shops, restaurants, and reputable schools. Commuters will appreciate the easy access to public transport links, making travel throughout the region convenient. Upon entering, you are welcomed by an inner porch leading into a hallway that opens up to a generous living room. This space is ideal for both relaxation and entertaining guests. The kitchen, though in need of modernization, offers ample room for new cabinetry and appliances, providing an excellent canvas for creative updates. Additionally, the utility room at the rear includes plumbing for a washing machine and grants direct access to the rear yard. The first floor features two well-proportioned bedrooms alongside a family bathroom. The main bedroom can comfortably accommodate a king-sized bed while the second bedroom has enough space for a double bed with additional furniture. Though the bathroom requires some updating, it is equipped with essential fixtures such as a shower over the bath. Outside, there's a manageable rear yard perfect for outdoor enjoyment during warmer months as well as a small front garden which enhances curb appeal. This property's combination of size, location, and potential makes it an attractive proposition for both first-time buyers seeking to make their mark or investors looking for valuable rental opportunities in a desirable area. For those interested in exploring this property further or discussing its investment potential, please reach out for more information.

Investment Analysis

(BB1 area)

Below Market Value

This property is priced -19.4% below area average per sq ft

-19.4%
Potential saving
This Property
£148/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£163,768
10% above area average per sq ft
Potential ROI
+12.9%
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

Whalley New Road, Blackburn, Lancashire, 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
£440
Based on a loan of £90,000 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