Preston New Road, Blackburn, BB2
West Midlands
£200,000
Listed on 13/11/2026
Listed on 13/11/2026
The listing
Property details
Bedrooms
5Type
Block Of ApartmentsFeatures
- Garden
- HMO
Description
A five-bedroom Victorian-style property on Preston New Road, arranged over four floors and described as having previously operated as a ten-room HMO. The listing says it has been divided into five self-contained flats: a one-bedroom flat, two studios and two two-bedroom flats. Each is described as having a shower room, with kitchen and living accommodation as set out in the particulars. Two additional rooms are noted in the basement, and garden areas are stated to the front, sides and rear.
The vendor says extensive work has been carried out, but the refurbishment remains incomplete. The property is offered to cash buyers, and the particulars describe it as an investment opportunity. It is being sold through TAUK Secure Sale, with a non-refundable reservation fee of £6,875 including VAT payable in addition to the agreed purchase price. The agent says a legal pack, including searches, will be prepared for interested parties. Buyers should review the legal documents and establish the status and completion requirements of the flat conversions before proceeding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: LOW
This substantial Victorian-style building has an unusual five-flat layout across four floors, giving the project a clear investment focus and plenty of scope to complete the conversion. The photographed interiors are mid-refurbishment, with unfinished surfaces, exposed floorboards and materials in place; the bathroom-area image also shows exposed pipework. The prominent brick frontage and bay windows retain character, while the visible front garden could be brought back into shape.
The score is held back by the heavy completion programme and limited ability to judge value: floor area is missing, so the asking price of £200,000 cannot yet be compared with local £/sqf. The listing also describes a cash-buyer-only sale and a reservation fee payable in addition to the negotiated price, so buyers should check the sale terms and legal pack carefully.
Key opportunities
- Complete the five self-contained flats across four floors, turning the existing multi-unit layout into a finished investment property.
- Make the Victorian-style brickwork and bay-window frontage a stronger feature by clearing and improving the overgrown visible front garden.
- Use the unfinished interiors as a blank canvas to bring the floors and wall finishes to a consistent standard across the photographed spaces.
Key risks
- Stripped-back rooms, unfinished surfaces and building materials point to a heavy, multi-floor completion programme; plan for a full interior rebuild rather than a cosmetic refresh.
- The floor area is missing, so value versus local £/sqf cannot yet be judged; confirm the measurements before assessing the asking price.
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Transport
Nearest stations
Blackburn Rail Station
0.7 miles
Train · Blackburn
Mill Hill (Lancs) Rail Station
1.1 miles
Train · Mill Hill
Cherry Tree Rail Station
1.6 miles
Train · Cherry Tree
Ramsgreave & Wilpshire Rail Station
2.1 miles
Train · Wilpshire
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£817
Based on a loan of £150,000 over 30 years at 5.13% 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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