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North Bank House, Pleckgate Road, Blackburn BB1 - Image 1
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North Bank House, Pleckgate Road, Blackburn BB1

West Midlands

£499,950
Listed on 06/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1862 sqft

Description

This five-bedroom detached house, situated in the desirable Pleckgate neighborhood, offers a significant opportunity for renovation and investment. Originally constructed as a mill owner's residence, the property is poised on a generous plot that presents various possibilities for both living space enhancement and potential development (subject to planning permission). While the home requires updates to fully realize its potential, its spacious layout and versatile rooms provide a solid foundation for anyone looking to create a tailored living environment. The property features multiple reception areas, including a dining room with an inglenook fireplace and a welcoming lounge complete with an open fire feature, creating spaces well-suited for family gatherings or entertaining. The kitchen is equipped with fitted units and essential appliances, serving as a functional hub that can be upgraded to meet modern standards. The five bedrooms are generously sized, each with ample natural light and comfort—ideal for families or those requiring extra space. Outside, the expansive grounds not only offer privacy but also pave the way for potential landscaping or expansion projects. Given the local amenities—including reputable schools like Pleckgate High School and access to transportation links—this location is particularly attractive for families and investors alike. In summary, this property represents a unique chance to transform a historical home into a personalized sanctuary while leveraging its expansive grounds for future development. With thoughtful renovations, this house could evolve into a stunning family residence in one of Pleckgate's most sought-after areas.

Investment Analysis

(BB1 area)

Above Market Value

This property is priced +41.4% above area average per sq ft

+41.4%
This Property
£269/sq ft
Area Average
£190/sq ft
Avg Rent (weekly)
£174
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£49,995 - £124,988
10-25% of property value
Target Value
£388,953
10% above area average per sq ft
Potential ROI
-37.8%
After renovation
Monthly Sales
34
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (BB1)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 6.4%
5 year growth: 25.2%
Investment Disclaimer: Analysis based on BB1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

North Bank House, Pleckgate Road, Blackburn BB1
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