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Rutland Street, Blackburn BB2

West Midlands

£60,000
Listed on 28/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
550 sqft

Description

This two-bedroom mid-terrace house offers a versatile opportunity for those looking to invest or undertake a significant renovation project. Situated in a sought-after area of the West Midlands, the property serves as a blank canvas ready for enhancement and modernisation. The layout includes a welcoming reception room, functional kitchen, two bedrooms, and a basic bathroom, all of which present various avenues for improvement. Externally, there is a rear yard that can be transformed into an outdoor space suited to today’s lifestyle, along with on-street parking options available at the front. The property is within close proximity to essential local amenities, well-connected transport links, and schools, making it appealing for potential tenants or future buyers. Notably offered with no onward chain, this residence presents an excellent investment opportunity for those prepared to implement a full refurbishment programme tailored to their vision.

Investment Analysis

(BB2 area)

Below Market Value

This property is priced -44.6% below area average per sq ft

-44.6%
Potential saving
This Property
£109/sq ft
Area Average
£197/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£119,215
10% above area average per sq ft
Potential ROI
+19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (BB2)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +11.4%
5 year growth: +15.4%
Investment Disclaimer: Analysis based on BB2 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

Rutland Street, Blackburn BB2
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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
£216
Based on a loan of £45,000 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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