Best areas to invest in property in Blackburn

Looking to invest or buy property in Blackburn for maximum ROI and rental yield benefits?

Find the top buy-to-let and rent-to-let property investment opportunities in Blackburn. 

Best areas to invest in Blackburn

1. Whalley Range

Whalley Range offers a strong property investment opportunity in 2024, featuring spacious homes, ongoing developments, and high rental demand in a desirable location.

• Housing: Mix of Victorian terraces and modern developments; affordable to mid-range prices
• Amenities: Whalley Range Park, local shops, cafes, and pubs
• Transport: Good bus connections to the town center, easy access to M65
• Notable: Up-and-coming area with increasing popularity among young families and professionals

2. Shear Brow

Shear Brow in Blackburn offers strong 2024 investment potential with a competitive yield of 5.4%, appealing to both buyers and renters due to its connectivity and diverse housing options.

• Housing: Mix of terraced houses and some semi-detached properties; generally affordable
• Amenities: Local shops, takeaways, and convenience stores; close to Blackburn College
• Transport: Good bus connections to town center, walking distance to Blackburn train station
• Notable: Popular with students and young professionals due to proximity to college; potential for rental income from the student accommodation market

3. Lower Darwen

Lower Darwen presents promising property investment opportunities in 2024, featuring diverse housing options and a desirable location for investors.

• Housing: Mix of terraced houses, semi-detached properties, and some newer developments; affordable to mid-range prices
• Amenities: Local shops, pubs, Lower Darwen Primary School, Blackburn Golf Club nearby
• Transport: Regular bus services to Blackburn town center, easy access to M65 (Junction 4)
• Notable: Balance of suburban living with good connections; potential for family rentals and first-time buyers

4. Beardwood

Beardwood, Blackburn offers a range of properties suitable for investment in 2024, with good transport links and a desirable location.

• Housing: Larger detached and semi-detached houses; higher-end prices
• Amenities: Witton Country Park nearby, upscale restaurants, private schools
• Transport: Easy access to A666, good bus connections
• Notable: Affluent suburb attracting professionals; potential for high-end rental market

5. Mill Hill

Mill Hill offers a strong investment opportunity in 2024, with rising property prices, family-friendly amenities, and excellent transport links enhancing its appeal.

• Housing: Terraced houses and new build developments; affordable prices
• Amenities: Mill Hill Community Centre, local shops, Mill Hill Park
• Transport: Mill Hill train station, good bus routes
• Notable: Ongoing regeneration efforts; potential for capital growth as the area improves

What is the average rental yield in Blackburn?

The average gross rental yield in Blackburn is 7.12%. This makes Blackburn one of the top buy-to-let hotspots in the country, with an average monthly rent of £622 and an average property price of £105,000

Contact Pluxa Property to explore all property investment opportunities in Blackburn

Pluxa Property, the leading property investment firm in the UK, can help you explore areas with high-ROI opportunities in the Blackburn market. 

With over 10 years of expertise, we offer a wide range of services, including:

• Rent to serviced accommodations
• BRRR investments
• Buy to serviced accommodations in UK

Our team of experts can assist you in finding the right property, negotiating the best terms, and implementing effective management strategies to maximize your returns.

👉 Contact Pluxa Property today to start your property investment journey in Blackburn.

FAQs About Blackburn

Is Blackburn a good place to invest in?

Yes, Blackburn, is a promising place to invest, particularly due to significant government investment aimed at regeneration and economic growth. The town is set to receive a £20 million cash injection through the Levelling Up Partnership, which will fund various projects, including housing and infrastructure improvements.

What is the average monthly private rent in Blackburn?

As of June 2024, the average monthly private rent in Blackburn is £615. This reflects a 10.2% increase from £558 in June 2023, surpassing the overall rise in the Northwest, which was 9.5% over the same period.

Is Blackburn a good place for rent to let?

Yes, Blackburn is a promising place for rent-to-let investments due to its affordable rental prices, with averages ranging from £475 to £2,050 per month (Rightmove). The town boasts a population of over 117,000, creating a steady demand for rentals, particularly among workers in its diverse industries.

What is the estimated payback period for rent to rent in Blackburn?

The estimated payback period for Rent to Rent in Blackburn is 8 months, according to Pluxa Property. This timeframe is based on typical market conditions and investment strategies in the area.

How much initial investment do you need to invest in Blackburn for rent to rent?

Investing in a rent-to-rent deal in Blackburn through Pluxa Property requires an estimated average initial investment in between £10,000-£15000. This could generate an estimated monthly profit of £677, leading to a total profit of £40620 and an impressive ROI of 145%.