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Edward Street, Rishton, Blackburn, Lancashire, BB1

West Midlands

£60,000
Listed on 12/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
807 sqft

Description

This three-bedroom mid-terrace home in Rishton presents a promising opportunity for those with an eye for renovation and investment potential. Offered to the market without an ongoing chain, the property is positioned to allow for swift and uncomplicated ownership transfer. The ground floor features two well-proportioned reception rooms, providing ample space for living and entertaining. A separate kitchen and a downstairs bathroom add to the practicality of the layout, making it an ideal starting point for any remodeling project. Upstairs, you'll find three bedrooms—two spacious doubles and a single room—offering flexibility for families or professionals seeking additional living space. While the property requires modernization throughout, its solid structure and functional design create a blank canvas for customization. With thoughtful updates, this home could transform into a charming family residence or a lucrative buy-to-let opportunity. The location further enhances its appeal; situated close to local amenities, schools, and transport links, it offers convenience for daily life while maintaining good access to broader regional destinations. This home is well-suited for investors or homeowners looking to capitalize on its full potential.

Investment Analysis

(BB1 area)

Below Market Value

This property is priced -59.4% below area average per sq ft

-59.4%
Potential saving
This Property
£74/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£162,760
10% above area average per sq ft
Potential ROI
+62.8%
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

Edward Street, Rishton, 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
£220
Based on a loan of £45,000 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