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Gib Lane, Blackburn BB2

West Midlands

£260,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1371 sqft

Description

This three-bedroom semi-detached house presents an intriguing opportunity for those seeking a family home with the potential for modernization and expansion. The welcoming entrance hall opens into two sizeable reception rooms, perfect for entertaining or family gatherings. The layout is characterized by ample natural light and well-proportioned spaces, offering a blend of classic elements with room for contemporary enhancements. The kitchen area, generous in size, provides a solid foundation for creating a modern cooking and dining environment.

On the first floor, you will find three bedrooms filled with natural light, catering to various needs—whether it be guest accommodation, a home office, or children's rooms. The principal bedroom boasts significant space, while the other two bedrooms offer versatility. This property invites you to envision updates that can transform it into your dream home. Additionally, there's potential for extension (subject to planning permission), allowing for further customization to suit your lifestyle and increase future value.

The property includes practical amenities such as off-street parking and a garage, along with the advantage of no chain delay for easier transactions. With its substantial plot size in this desirable location, this home not only promises comfort but also represents an excellent investment opportunity for renovation enthusiasts looking to add their mark.

Investment Analysis

(BB2 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£190/sq ft
Area Average
£198/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£298,227
10% above area average per sq ft
Potential ROI
-0.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (BB2)

Area prices are falling by -4.3% over the last 12 months
3 year growth: +11.8%
5 year growth: +19.5%
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

Gib Lane, Blackburn BB2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£921
Based on a loan of £195,000 over 30 years at 3.91% 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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