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Bank Hey Lane North, Blackburn, BB1

West Midlands

£119,950
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
753 sqft

Description

This three-bedroom terraced home in the desirable Brownhill area presents a solid opportunity for renovation and investment. Enter through a welcoming hallway that includes a useful storage cupboard. The spacious living room benefits from an abundance of natural light, enhanced by French doors that provide easy access to the outdoor patio—an excellent space for both relaxation and social gatherings. Adjacent to the living area is a separate dining room featuring stylish bay windows, which flows into a functional kitchen equipped with plenty of cupboard space and areas designated for essential appliances like a fridge freezer and washing machine. On the upper level, you will find three generously-sized double bedrooms, each offering versatile options for family living, guest accommodation, or even a dedicated home office. The bathroom is fitted with a bathtub accompanied by an electric shower, making it suitable for unwinding after busy days. The rear garden stands out as a significant asset, providing ample space for outdoor dining or family functions. Moreover, there is considerable potential to extend this property (subject to planning permission), presenting an excellent chance to increase its value or create additional living space. With no onward chain, freehold status, and no water meter in place, this property is ideal for buyers who are looking for a straightforward purchase along with the exciting prospect of modernising and enhancing their new home.

Investment Analysis

(BB1 area)

Below Market Value

This property is priced -17.5% below area average per sq ft

-17.5%
Potential saving
This Property
£159/sq ft
Area Average
£193/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£160,028
10% above area average per sq ft
Potential ROI
+14.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (BB1)

Area prices are stable by -1.8% over the last 12 months
3 year growth: +1.8%
5 year growth: +25.0%
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

Bank Hey Lane North, Blackburn, BB1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £89,962 over 30 years at 4.06% 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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