2 Bed Terraced House, Single Let, Lancaster, LA1 2BW, £110,000

60 Norfolk Street, Lancaster, LA1 2BW - 3 views - a year ago

Sold STC
BTL
ROI: 4%
65 m²
+6 photos

ValuationUndervalued

Sold Prices£65K - £282.5K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

65 m²
Price/m²£1.7K/m²

Value Estimate

£117,363

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,800

Total Cash In

£32,300

 

 

Cash Out

 

Rent Range

£600 - £995

Rent Estimate

£631

Running Costs/mo

£490

Cashflow/mo

£141

Cashflow/yr

£1,693

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £65K to £282.5K, average is £117.3K. £1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£75K02/230.02 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£105K11/230.03 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£95K12/200.04 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.04 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£89K04/230.05 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.05 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£125K05/230.07 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£82.5K04/210.08 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£115K01/230.08 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£106.5K11/220.09 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£73.9K03/210.18 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.18 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£85K11/210.22 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£79K12/200.24 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.24 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£93K04/210.24 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/230.24 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£127K11/230.25 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.25 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£166K02/230.28 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£140K03/210.3 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£110K04/210.3 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£128.5K01/230.35 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£145K02/230.35 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.35 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.35 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.35 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.35 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£117K08/210.37 mi2, Fleet Green, Lancaster, Lancashire LA1 2NS2
£124K02/210.39 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.39 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£110K08/210.4 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/230.4 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£110K03/210.42 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£127.5K01/230.42 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£121.5K03/240.44 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£140K03/230.45 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£76K04/210.48 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£126K05/230.48 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£125K12/210.48 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£108K11/200.49 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£137.5K02/240.49 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£102K03/230.51 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£138.9K06/230.51 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£165K07/230.58 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£145K09/230.59 mi16, Denis Street, Lancaster, Lancashire LA1 1QX2
£117.5K03/240.59 mi10, Denis Street, Lancaster, Lancashire LA1 1QX2
£282.5K11/200.61 mi62, Green Lane, Lancaster, Lancashire LA1 2EZ2
£185K06/210.63 mi5, Garnet Street, Lancaster, Lancashire LA1 3PN2
£170K11/210.63 mi24, Garnet Street, Lancaster, Lancashire LA1 3PN2

Local Rents

24 rents from £600/mo to £995/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69505/240.03 miBroadway, Lancaster2
£65003/240.08 mi-2
£60005/240.17 miAlexandra Road, Lancaster, LA12
£67503/240.18 miAlexandra Road, Lancaster, LA12
£65004/240.19 miAshbourne Road, Lancaster2
£65005/240.21 miAlexandra Road, Lancaster2
£69506/240.23 mi-2
£71505/240.29 mi-2
£70004/240.37 miEarl Street, Lancaster, LA12
£75004/240.37 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.37 miBridge Square Apartments, Kingsway, Lancaster, LA12
£95005/240.49 miRiver View Apartments, Lancaster, LA12
£89505/240.49 mi-2
£85004/240.53 miSwallow Wharf, Troutbeck Road, Lancaster2
£65005/240.55 miBeaumont Park, Lancaster, LA12
£75005/240.55 miWater Street, Lancaster, LA12
£90012/240.55 mi-2
£87505/240.56 miDamside Street, Lancaster2
£97504/240.56 miLune Square, Damside Street2
£94505/240.56 miLune Square, Lancaster, LA12
£89505/240.56 miLune Square, Lancaster, LA12
£95012/240.61 mi-2
£99512/240.61 mi-2
£85002/250.62 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £110,000

December 24, 2024

Listed for £120,000

April 20, 2024

Floor Plans

Description

  • NO CHAIN +
  • BUY TO LET INVESTMENT +
  • FIRST TIME BUYERS HOME +
  • SET OVER THREE FLOORS +
  • SPACIOUS YARD +
  • GOOD LOCAL AMENITIES +
  • POPULAR AREA +
  • CLOSE TO THE CITY CENTRE +
  • GOOD LETTING HISTORY +
  • WELL PROPORTIONED ROOMS +

* NO CHAIN * FIRST TIME BUYERS * GREAT INVESTMENT FOR A BUY TO LET * WELL APPORTIONED ROOMS * SPACIOUS REAR YARD * POPULAR LOCATION * EXCELLENT LOCAL AMENITIES * GOOD LOCAL AMENITIES * EXCELLENT LETTING HISTORY *

Nestled on Norfolk Street in Lancaster, this delightful mid-terrace house is a gem waiting to be discovered. Boasting a cosy reception room, two bedrooms, and a well-appointed bathroom, this property is perfect for those seeking a comfortable abode in a popular neighbourhood.

Whether you're a seasoned investor looking for a lucrative buy-to-let opportunity or a first-time buyer eager to step onto the property ladder, this house offers great potential. Its prime location ensures easy access to local amenities, schools, and transport links, making everyday life a breeze.

Don't miss out on the chance to make this house your own and create a warm and inviting home in the heart of Lancaster. Embrace the opportunity to invest in your future or take the exciting leap into homeownership with this charming property on Norfolk Street.

Accommodation: Lounge and kitchen/diner. The first floor has bedroom one and a bathroom, bedroom two can be found on the second floor. Outside has a spacious yard and patio area.

Lounge - Double-glazed window to the front, inset electric fire, cupboard housing gas & electric meters, carpeted floor, radiator.

Kitchen/Diner - Double-glazed window to the rear, range of matching wall and base units, stainless steel sink, plumbing for washing machine, understairs space for table and chairs, free-standing gas cooker, stairs to the first floor, door to the yard, Ideal combi boiler, radiator.

First Floor - Stairs to the second floor, radiator.

Bedroom One - Double-glazed window to the front, carpeted floor, radiator.

Bathroom - Double-glazed window to rear, panelled bath, vanity unit with inset wash hand basin, extractor fan, vinyl floor, radiator, W.C.

Second Floor - Access to bedroom two.

Bedroom Two - Double-glazed window to the rear, built-in wardrobes, carpeted floor, radiator.

Outside - Spacious rear yard, patio area and gate to access road.

Useful Information - Tenure Freehold
Council Tax Band (A) £1505.37

Agent Details

Mighty House, Lancaster

01524 967572

Next Steps?

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