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Green Street East, Darwen BB3 - Image 1
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Green Street East, Darwen BB3

West Midlands

£70,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace house presents an exceptional opportunity for renovation and investment in a well-situated cobbled street in Darwen. While the property exhibits signs of neglect, it offers a solid foundation for those looking to create their ideal living space or capitalize on its rental potential. The house features a traditional stone façade and is conveniently located near the town center, providing easy access to local amenities and the Railway Station. Inside, the layout includes an entrance vestibule that leads into a living room with original coving details, adding character to this renovation project. The kitchen area, though basic, contains essential appliances and has potential for a modern upgrade; it also offers direct access to the basement, which could serve as additional storage or be transformed into usable space. On the first floor, you’ll find two bedrooms along with a three-piece bathroom that is functional yet ready for improvements. Each bedroom benefits from natural light through double-glazed sash windows or PVC double-glazed windows. The property also boasts gas central heating, ensuring comfort while you plan updates. Externally, there is an enclosed rear yard that allows for outdoor space, while permit parking is available at the front for added convenience. As a leasehold property with an assumed 999-year lease at approximately £1.50 per annum, it's advisable to confirm details with your solicitor. Given its location and potential for improvement, this property represents a valuable investment opportunity in an area poised for growth.

Investment Analysis

(BB3 area)
Area Average
£163/sq ft
Avg Rent (weekly)
£169
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (BB3)

Area prices are rising by +5.9% over the last 12 months
3 year growth: 13.1%
5 year growth: 28.8%
Investment Disclaimer: Analysis based on BB3 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

Green Street East, Darwen BB3
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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
£256
Based on a loan of £52,500 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