2 Bed Terraced House, Single Let, Lancaster, LA1 2BJ, £130,000

24 Pinfold Lane, Lancaster, Lancashire, LA1 2BJ - 1 views - 10 months ago

BTL
ROI: 1%
81 m²
+1 photos

ValuationUndervalued

Sold Prices£65K - £185K
Sold Prices/m²£1K/m² - £2.7K/m²

 

 

Square Metres

81.20 m²
Price/m²£1.6K/m²

Value Estimate

£145,305

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,550

Total Cash In

£38,050

 

 

Cash Out

 

Rent Range

£600 - £995

Rent Estimate

£644

Running Costs/mo

£555

Cashflow/mo

£89

Cashflow/yr

£1,067

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £185K, average is £117.3K. £1K/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£105K11/230.06 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£95K12/200.07 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.07 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£75K02/230.07 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£106.5K11/220.08 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£89K04/230.1 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.1 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£125K05/230.11 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£82.5K04/210.12 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£115K01/230.13 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£73.9K03/210.23 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.23 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£85K11/210.26 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£79K12/200.28 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.28 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£93K04/210.29 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/230.29 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£127K11/230.3 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.3 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£128.5K01/230.31 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£145K02/230.31 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.31 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.31 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.31 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.31 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£166K02/230.32 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£140K03/210.33 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£110K04/210.33 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£124K02/210.36 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.36 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£121.5K03/240.39 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£140K03/230.4 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£117K08/210.41 mi2, Fleet Green, Lancaster, Lancashire LA1 2NS2
£127.5K01/230.41 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£126K05/230.43 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£110K08/210.45 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/230.45 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£102K03/230.46 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£137.5K02/240.47 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£110K03/210.47 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K06/230.48 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£76K04/210.51 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£125K12/210.53 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£108K11/200.53 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£145K09/230.54 mi16, Denis Street, Lancaster, Lancashire LA1 1QX2
£117.5K03/240.54 mi10, Denis Street, Lancaster, Lancashire LA1 1QX2
£160K03/240.58 mi26, Nun Street, Lancaster, Lancashire LA1 3PJ2
£185K06/210.58 mi5, Garnet Street, Lancaster, Lancashire LA1 3PN2
£170K11/210.58 mi24, Garnet Street, Lancaster, Lancashire LA1 3PN2
£160K05/230.58 mi23, Garnet Street, Lancaster, Lancashire LA1 3PN2

Local Rents

32 rents from £600/mo to £995/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£69505/240.08 miBroadway, Lancaster2
£65003/240.12 mi-2
£60005/240.21 miAlexandra Road, Lancaster, LA12
£67503/240.23 miAlexandra Road, Lancaster, LA12
£65004/240.24 miAshbourne Road, Lancaster2
£71505/240.24 mi-2
£65005/240.26 miAlexandra Road, Lancaster2
£69506/240.28 mi-2
£70004/240.32 miEarl Street, Lancaster, LA12
£75004/240.33 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.33 miBridge Square Apartments, Kingsway, Lancaster, LA12
£89505/240.46 mi-2
£95005/240.47 miRiver View Apartments, Lancaster, LA12
£85004/240.48 miSwallow Wharf, Troutbeck Road, Lancaster2
£75005/240.5 miWater Street, Lancaster, LA12
£90012/240.51 mi-2
£87505/240.51 miDamside Street, Lancaster2
£97504/240.52 miLune Square, Damside Street2
£94505/240.52 miLune Square, Lancaster, LA12
£89505/240.52 miLune Square, Lancaster, LA12
£95012/240.56 mi-2
£85002/250.57 mi-2
£85004/240.58 mi-2
£75006/240.58 mi-2
£75005/240.58 miCromwell Building, Lancaster, LA12
£65005/240.6 miBeaumont Park, Lancaster, LA12
£99512/240.6 mi-2
£89501/250.61 mi-2
£89506/240.61 mi-2
£92505/240.61 miWhitbarrow Square, Lancaster, LA12
£92506/240.61 miWhitbarrow Square, Lancaster, LA12
£90005/240.62 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £130,000

February 12, 2025

Price changed to £140,000

December 4, 2024

Listed for £145,000

June 17, 2024

Sold for £23,000

2000

Floor Plans

Description

  • Mid Terraced Property +
  • Two Bedrooms +
  • Spacious Reception Room +
  • Four Piece Bathroom +
  • On Street Parking +
  • Freehold +
  • Council Tax Band: A +
  • EPC Rating: TBC +

Welcoming to the market, 24 Pinfold Lane, this two bedroom terraced house is bursting with potential. Situated in the popular location of Skerton, this property would be the perfect for first time buyers, investors or anyone looking for a small project.
Upon entering you are greeted by a large bright living area with the focal point of a stone fireplace, the ideal spot for a modern log burner. Past the lounge/dining area you will find the kitchen, this is a generous space to work with when designing your dream kitchen. Upstairs you will find a double bedroom to the front of the property, a smaller double to the rear as well as a family bathroom. This property is the perfect blank slate if you want to put your own mark on a property.
Viewing highly recommended

Ground Floor -

Reception Room - 7.32m x 4.09m (24' x 13'5) - UPVC entrance door, two UPVC double glazed window, central heating radiator, fireplace with stone built surround, additional fireplace with feature fire, stairs to first floor and door to kitchen.

Kitchen - 4.06m x 2.44m (13'4 x 8') - UPVC double glazed window, boiler, wall and base units, stainless steel sink with draining board, plumbed for washing machine, space for fridge and cooker, tiled floor and UPVC door to rear.

First Floor -

Landing - 4.22m x 1.73m (13'10 x 5'8) - Doors to two bedrooms and bathroom.

Bedroom One - 3.96m x 3.35m (13' x 11') - UPVC double glazed window, central heating radiator and built in storage cupboard.

Bedroom Two - 3.96m x 2.44m (13' x 8') - UPVC double glazed window.

Bathroom - 3.05m x 2.06m (10' x 6'9) - UPVC double glazed frosted window, low level WC, pedestal wash basin, corner bath and separate shower.

Agent Details

R&B Estate Agents, Lancaster

01524 967797

Next Steps?

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