Travel and Transport Links
Blackburn is well located when it comes to travel links to more major regional towns and cities. It’s easy to access the rest of Lancashire (Burnley, Bolton and Preston, for example) and travel to Yorkshire by road.
The Blackburn train station is also convenient for major cities like Manchester and Leeds and other Lancashire destinations like Blackpool and Preston. Many surrounding suburbs also have their own train stations, giving convenient access to Blackburn and surrounding areas. This can raise the area’s profile in the eyes of renters, meaning demand will be higher, and tenants will be willing to pay more to live in an advantageous location.
Although Blackburn may not yet be an official city, it hasn’t dampened their ambitious spirit, and transformative regeneration efforts are set to transform the town significantly.
For example, an ambitious £250 million master plan for Blackburn Town Centre is set to build 500 new homes and 5 commercial properties over the next 10 years.
The planned redevelopment of St John’s Church also aims to create a flexible workspace for creative and digital enterprises while simultaneously adding more green spaces, trees, and shrubs. Last year, Blackburn College also announced extensive development of the Victoria Building to tackle long-term structural issues and improve its overall condition.
Affordable Property and High Rental Yields
Many investors will look for locations with cheaper properties to secure the highest rental yield possible. If the initial funds needed at the beginning of the investment are lower, you can start seeing returns quicker, and the initial financial burden will be lighter.
Blackburn is an area with affordable property and some of the highest average rental yields in the country.