To manifest the effect of hard magnetic Ba0.5Sr0.5Fe12O19 nanoparticles on the mechanical performance of the (Bi,Pb)-2223 superconducting phase, nano-(Ba0.5Sr0.5Fe12O19)x/Bi1.8Pb0.4Sr2Ca2Cu3.2O10+δ, with x = 0.00, 0.01, 0.02, 0.03, 0.04, 0.05, 0.10, and 0.20 wt%, were synthesized using a conventional solid-state reaction method. The X-ray diffraction (XRD) data revealed that adding nano-(Ba0.5Sr0.5Fe12O19) to the host (Bi,Pb)-2223 phase preserved the orthorhombic structure. The porosity (P%) calculations revealed a decrease until x = 0.04 wt%, which suggests that the addition of nano-(Ba0.5Sr0.5Fe12O19)x reduces the number of voids and improves inter-grain connections, as confirmed by SEM micrographs. The superconducting transition temperature (Tc) increased to 112 K with the inclusion of nano-(Ba0.5Sr0.5Fe12O19) up to x = 0.04 wt%. Vickers microhardness (HV) measurements were conducted at various applied loads (0.245–9.800 N) and a duration time of 45 s. The HV number increased with the addition of x up to x = 0.04 wt% but then decreased with further addition. Various models were employed for analysis and modelling of Vickers hardness (HV) versus test load (F), including Meyer’s law, Hays–Kendall (H–K) model, the elastic/plastic deformation (EPD) model, the proportional sample resistance (PSR) model, the modified proportional sample resistance (MPSR), and indentation-induced cracking (IIC) model. It was found that the PSR model was the most appropriate theoretical model for describing the microhardness of nano-(Ba0.5Sr0.5Fe12O19)x/(Bi,Pb)-2223 composites. Moreover, the elastic modulus (E), yield strength (Y), fracture toughness (K), brittleness index (B), and elastic stiffness coefficient (C11) were estimated as a function of the inclusion of nano-(Ba0.5Sr0.5Fe12O19)x. Furthermore, the indentation creep test (time-dependent Vickers microhardness) revealed that the dislocation creep mechanism exists in composite samples with low concentrations (x < 0.05 wt%), whereas the dislocation climbs creep mechanism was observed for x ≥ 0.05 wt%.