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Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 1
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 2
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 3
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 4
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 5
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 6
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 7
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 8
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 9
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 10
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 11
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 12
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 13
Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 14
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Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1 - Image 22

Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1

West Midlands

£150,000
Listed on 26/03/2026

Property Details

Bedrooms
N/A
Type
Terraced

Description

This block of flats presents a unique investment opportunity in the sought-after residential area of Rishton, strategically located between Blackburn and Accrington. The property features several self-contained units, including a studio flat with its own entrance, which offers a living space, a separate room (currently not usable as a bedroom due to lack of a window), and a generous kitchen diner that leads to a private rear yard. Additionally, there are three more flats on George Street: a two-bedroom ground floor flat with lounge and bathroom; another two-bedroom flat on the first floor; and a one-bedroom flat also situated on the first floor. While each unit is neutrally decorated, they would greatly benefit from cosmetic enhancements and modernisation. This provides an ideal canvas for investors looking to increase rental yields through renovation in an area with consistent demand for rental properties.

Investment Analysis

(BB1 area)
Area Average
£193/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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

Hicks Terrace and George Street, Rishton, Blackburn, Lancashire, BB1
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£541
Based on a loan of £112,500 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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