3 Bed Terraced House, Single Let, Lancaster, LA1 2BX, £170,000

Broadway, Lancaster, LA1 2BX - 2 views - a year ago

BTL
~93 m²
+9 photos

ValuationFair Value

Sold Prices£75K - £270K
Sold Prices/m²£1K/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£168,670

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£607 - £1,500

Rent Estimate

£675

Running Costs/mo

£686

Cashflow/mo

£-11

Cashflow/yr

£-135

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £270K, average is £151K. £1K/m² to £2.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£75K11/200.02 mi65, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£105K04/230.02 mi77, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£116.5K07/230.03 mi10, Norfolk Street, Lancaster, Lancashire LA1 2BW3
£125K08/230.03 mi27, Broadway, Lancaster, Lancashire LA1 2BX3
£119K05/210.05 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£95K09/210.05 mi66, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£165K03/240.05 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£114K11/200.05 mi84, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£115K05/230.05 mi34, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£103K03/210.08 mi48, Aldrens Lane, Lancaster, Lancashire LA1 2DT3
£141.5K12/200.1 mi177, Main Street, Lancaster, Lancashire LA1 2DD3
£86K12/200.12 mi16, Bank Road, Lancaster, Lancashire LA1 2DG3
£168K12/200.16 mi10, Clare Road, Lancaster, Lancashire LA1 2LX3
£215K02/240.16 mi48, Slyne Road, Lancaster, Lancashire LA1 2HU3
£270K09/230.16 mi8, Slyne Road, Lancaster, Lancashire LA1 2HU3
£229.9K04/210.18 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU3
£145K04/210.18 mi90, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£155K05/230.18 mi22, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£145K05/210.18 mi94, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£172K01/210.2 mi17, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ3
£210K05/230.22 mi9, Baker Street, Lancaster, Lancashire LA1 2ND3
£164K12/200.22 mi7, Baker Street, Lancaster, Lancashire LA1 2ND3
£200K07/210.23 mi13, Halton Road, Lancaster, Lancashire LA1 2EA3
£250K03/240.23 mi11, Halton Road, Lancaster, Lancashire LA1 2EA3
£150K11/200.24 mi9, Fairhope Avenue, Lancaster, Lancashire LA1 2LY3
£158K04/210.25 mi12, Chelsea Mews, Lancaster, Lancashire LA1 2AS3
£180K09/230.25 mi17, Chelsea Mews, Lancaster, Lancashire LA1 2AS3
£185K06/210.27 mi28, Clare Road, Lancaster, Lancashire LA1 2LU3
£125K05/230.28 mi45, Slyne Road, Lancaster, Lancashire LA1 2JH3
£183K08/230.29 mi11, Lambert Road, Lancaster, Lancashire LA1 2NA3
£192K09/230.3 mi29, Tan Hill Drive, Lancaster, Lancashire LA1 2JB3
£210K08/230.3 mi23, Barley Cop Lane, Lancaster, Lancashire LA1 2NB3
£160.1K07/210.3 mi6, Newby Drive, Lancaster, Lancashire LA1 2HY3
£165K10/210.3 mi12, Newby Drive, Lancaster, Lancashire LA1 2HY3
£160K10/230.31 mi3, Vale Road, Lancaster, Lancashire LA1 2JN3
£143.5K03/240.31 mi7, Vale Road, Lancaster, Lancashire LA1 2JN3
£150K02/210.31 mi5, Wensley Drive, Lancaster, Lancashire LA1 2JA3
£155K03/210.31 mi80, Vale Road, Lancaster, Lancashire LA1 2JL3
£182K03/210.32 mi35, Noel Road, Lancaster, Lancashire LA1 2LZ3
£78.5K07/230.35 mi9, Ravens Close, Lancaster, Lancashire LA1 2NT3
£188K09/230.36 mi12, Leyburn Road, Lancaster, Lancashire LA1 2HZ3
£126K09/210.37 mi15, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£139.9K05/230.37 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£108K01/210.37 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£120K05/210.39 mi32, Edenvale Crescent, Lancaster, Lancashire LA1 2NR3
£128K04/210.39 mi53, Edenvale Crescent, Lancaster, Lancashire LA1 2NR3
£145K04/230.4 mi1, Langdale Road, Lancaster, Lancashire LA1 3NT3
£155K04/210.4 mi38, Langdale Road, Lancaster, Lancashire LA1 3NR3
£152K03/230.4 mi45, Langdale Road, Lancaster, Lancashire LA1 3NR3
£147K11/200.42 mi5, Edenvale Road, Lancaster, Lancashire LA1 2NN3

Local Rents

23 rents from £607/mo to £1.5K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80007/230.06 mi-3
£85008/240.06 mi-3
£87507/240.22 mi-3
£82510/240.22 mi-3
£87505/240.27 miClare Road, Lancaster, LA13
£88005/240.27 miVale Road, Lancaster, LA13
£87506/240.44 mi-3
£87505/240.44 miAughton Court, Lancaster, LA13
£1,50008/230.5 mi-3
£1,40004/240.5 mi-3
£1,25007/240.5 mi-3
£1,10009/240.5 mi-3
£75005/240.5 miHowgill Avenue, Lancaster3
£1,10002/240.52 miSt George's Quay, Lancaster, LA13
£87506/240.53 mi-3
£87503/250.53 mi-3
£60704/240.53 miSt. Georges Quay, Lancaster, LA13
£65004/240.55 miCable Street, Lancaster, LA13
£95006/240.56 mi-3
£95006/240.56 miBeaumont Place, Lancaster, LA13
£90004/240.57 mi-3
£90004/240.57 miBeaumont Place, Lancaster, LA13
£1,00004/240.6 miAbram Close, Lancaster3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £170,000

April 22, 2024

Sold for £90,000

2016

Sold for £70,000

2005

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Four Bedroom Mid Terraced Home Over Three Floors +
  • Spacious Kitchen Diner, En Suite to Bedrooms Three & Four +
  • Shower Room, Rear Yard. Good Investment Property +
  • Great Location, Close to Local Amenities +

Ideal buy to let property or for a first time buyer who is wanting to get onto the property ladder. This four bedroom mid terraced home over three floors is within walking distance to local amenities, public transport links.

Internally on the ground floor you will find an entrance hallway, a good size double with en suite shower and a spacious dining kitchen.

To the first floor are two double bedrooms, and on the second floor there is a shower room and a good size double bedroom with en-suite.

To the rear there is an enclosed yard with a wall surround and gated access.

Council Tax Information: Band A

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Lancaster & North Lancashire

01524 938556

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪