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£300,000

7 bed flat for sale
62-64 Preston New Road BB2

    • 7 beds

    • 5 baths

    • 5 receptions

  • EPC Rating: D

Freehold
Added on 20/11/2025

About this property

    Description

    Mayets are delighted to bring to market this exceptional freehold block of five modern apartments, ideally positioned on the ever-popular Preston New Road, close to Blackburn town centre and excellent transport links. With high rental demand, strong occupancy levels, and a superb yield of nearly 11%, this turnkey investment offers an outstanding opportunity for both new and experienced landlords.

    Beautifully renovated just over a year ago, the property has been finished to a contemporary standard throughout and is attractively located on a busy main road, making it especially desirable for professional tenants.

    The development comprises:

    - A well-presented basement apartment currently achieving £700 pcm.
    - Two modern one-bedroom ground floor apartments, both occupied by working professionals.
    - Two spacious two-bedroom duplex apartments, each featuring a master bedroom to the attic and separate kitchen and living areas.

    Being freehold with no communal areas and minimal ongoing maintenance, this property presents a rare low-maintenance investment with consistent rental returns and excellent long-term potential.

    A fantastic opportunity to acquire a fully renovated, high-yielding, and easily managed property in a prime location close to Blackburn town centre and major transport routes. Early viewing highly recommended.

    Tenure: Freehold

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    £1,500 per month

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    The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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