2 Bed Terraced House, Single Let, Lancaster, LA1 3BJ, £140,000

Prospect Street, Lancaster, LA1 3BJ - 10 months ago

Sold STC
BTL
~72 m²
+7 photos

ValuationUndervalued

Sold Prices£103K - £210K
Sold Prices/m²£1.6K/m² - £3K/m²

 

 

Square Metres

~72.06 m²
Price/m²£1.9K/m²

Value Estimate

£150,356

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,700

Total Cash In

£40,700

 

 

Cash Out

 

Rent Range

£498 - £1,647

Rent Estimate

£604

Running Costs/mo

£578

Cashflow/mo

£26

Cashflow/yr

£308

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £103K to £210K, average is £131.5K. £1.6K/m² to £3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£182K08/230.03 mi76, Prospect Street, Lancaster, Lancashire LA1 3BJ2
£124.5K03/210.04 mi17, Clarence Street, Lancaster, Lancashire LA1 3BG2
£126K10/210.08 mi12, Bradshaw Street, Lancaster, Lancashire LA1 3BE2
£161K05/230.09 mi22, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£124K03/210.09 mi38, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£126.8K02/210.09 mi62, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£158K05/230.09 mi62, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£132.5K11/210.1 mi30, Langley Road, Lancaster, Lancashire LA1 3AZ2
£140K03/230.1 mi8, Langley Road, Lancaster, Lancashire LA1 3AZ2
£131K04/210.11 mi20, Argyle Street, Lancaster, Lancashire LA1 3DD2
£150K10/230.11 mi17, Argyle Street, Lancaster, Lancashire LA1 3DD2
£140K03/230.12 mi5, Elgin Street, Lancaster, Lancashire LA1 3DG2
£103K02/210.12 mi35, Elgin Street, Lancaster, Lancashire LA1 3DG2
£120K02/230.12 mi8, Vincent Street, Lancaster, Lancashire LA1 3BA2
£146.5K06/210.12 mi31, Vincent Street, Lancaster, Lancashire LA1 3BA2
£132K11/200.12 mi5, Vincent Street, Lancaster, Lancashire LA1 3BA2
£143K12/200.12 mi6, Vincent Street, Lancaster, Lancashire LA1 3BA2
£145K09/230.12 mi20, Vincent Street, Lancaster, Lancashire LA1 3BA2
£130K03/240.13 mi34, Eastham Street, Lancaster, Lancashire LA1 3AY2
£140K10/230.13 mi29, Eastham Street, Lancaster, Lancashire LA1 3AY2
£130K09/210.13 mi77, Westham Street, Lancaster, Lancashire LA1 3AX2
£130.5K11/210.13 mi83, Westham Street, Lancaster, Lancashire LA1 3AX2
£135K03/240.13 mi23, Westham Street, Lancaster, Lancashire LA1 3AX2
£115K05/210.13 mi51, Westham Street, Lancaster, Lancashire LA1 3AX2
£135K03/230.13 mi45, Westham Street, Lancaster, Lancashire LA1 3AX2
£108.5K12/210.13 mi14, Dunkeld Street, Lancaster, Lancashire LA1 3DQ2
£127.5K11/210.13 mi29, Dunkeld Street, Lancaster, Lancashire LA1 3DQ2
£140K07/230.13 mi14, Dunkeld Street, Lancaster, Lancashire LA1 3DQ2
£117K12/200.13 mi70, Aberdeen Road, Lancaster, Lancashire LA1 3DB2
£125K09/210.13 mi74, Aberdeen Road, Lancaster, Lancashire LA1 3DB2
£159K07/230.13 mi92, Aberdeen Road, Lancaster, Lancashire LA1 3DB2
£135K05/230.14 mi20, Westham Street, Lancaster, Lancashire LA1 3AU2
£140K07/230.14 mi72, Westham Street, Lancaster, Lancashire LA1 3AU2
£112K05/230.14 mi68, Westham Street, Lancaster, Lancashire LA1 3AU2
£117K02/230.14 mi26, Westham Street, Lancaster, Lancashire LA1 3AU2
£125K05/210.14 mi16, Westham Street, Lancaster, Lancashire LA1 3AU2
£134K08/230.14 mi48, Westham Street, Lancaster, Lancashire LA1 3AU2
£127K06/230.14 mi74, Westham Street, Lancaster, Lancashire LA1 3AU2
£125K01/210.14 mi34, Tower Court, Lancaster, Lancashire LA1 4XH2
£117K04/210.15 mi13, Stirling Road, Lancaster, Lancashire LA1 3DE2
£142K06/230.16 mi15, Gregson Road, Lancaster, Lancashire LA1 3DH2
£121.5K05/210.16 mi41, Gregson Road, Lancaster, Lancashire LA1 3DH2
£105K11/200.17 mi33, Perth Street, Lancaster, Lancashire LA1 3DR2
£152K07/230.17 mi17, Dundee Street, Lancaster, Lancashire LA1 3DS2
£119K06/210.17 mi18, Dundee Street, Lancaster, Lancashire LA1 3DS2
£115K04/230.17 mi9, Dundee Street, Lancaster, Lancashire LA1 3DS2
£160K05/210.18 mi2, Springfield Street, Lancaster, Lancashire LA1 4XL2
£210K02/230.21 mi6, Kirkes Road, Lancaster, Lancashire LA1 3DW2
£150K12/200.21 mi61, Kirkes Road, Lancaster, Lancashire LA1 3DW2
£134K03/230.21 mi54, Melrose Street, Lancaster, Lancashire LA1 3DL2

Local Rents

50 rents from £498/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65006/240.08 mi-2
£65005/240.08 miQuarry Mount Mews, Lancaster, LA12
£1,00004/240.1 mi-2
£70005/240.11 miEastham Street, Lancaster, LA12
£65004/240.11 miArgyle Street, Lancaster2
£80005/240.11 mi-2
£65004/240.11 miWestham Street, Lancaster2
£72502/250.12 mi-2
£70003/250.13 mi-2
£75004/240.13 miEastham Street, Lancaster, LA12
£75004/240.13 miElgin Street, Lancaster2
£72512/240.13 mi-2
£65905/240.14 miGreenfield Court, Quarry Road, Lancaster, Lancashire, LA12
£75002/250.14 mi-2
£72505/240.14 miWestham Street, Lancaster2
£85004/240.16 miGregson Road, Lancaster2
£67504/240.16 miGregson Road, Lancaster2
£75006/240.17 miWestham Street, Lancaster, LA12
£70012/240.19 mi-2
£75005/240.19 miGregson Road, Lancaster, LA12
£77505/240.2 miSouth Road, Lancaster, LA12
£70003/240.2 mi-2
£90004/240.21 miAalborg Place, Court View House, LA12
£1,10004/240.24 miThe Roundhouse, Robert Street, LA12
£70004/240.26 miThurnham Street, City Centre, Lancaster, LA12
£87505/240.26 miNelson Street, Lancaster2
£75005/240.26 miSt Peters Road Lancaster2
£1,05005/240.27 miNightingale House, LA1 4JT2
£82512/240.27 mi-2
£73001/250.3 mi-2
£1,10005/240.3 miRoyal View, Knight's Bridge Apartments, Lancaster, LA12
£1,49505/240.32 mi-2
£1,64702/250.32 mi-2
£64105/240.33 miBulk Street, Lancaster2
£77505/240.35 miDavidson Street, Lancaster2
£79504/240.39 miAvondale Road, Lancaster2
£67504/240.39 mi-2
£67503/250.39 mi-2
£87505/240.41 miGraham Street, Lancaster2
£89506/240.42 mi-2
£92505/240.42 miWhitbarrow Square, Lancaster, LA12
£92506/240.42 miWhitbarrow Square, Lancaster, LA12
£1,20004/240.44 miWindermere House, Middle St, Lancaster, LA12
£1,20005/240.45 mi-2
£1,05005/240.45 miMiddle Street, Windermere House Middle Street, LA12
£92505/240.46 miHigh Street, Lancaster2
£85004/240.47 mi-2
£75006/240.47 mi-2
£75005/240.47 miCromwell Building, Lancaster, LA12
£49806/240.48 mi83a Bowerham Road, Lancaster2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £140,000

January 3, 2025

Listed for £150,000

June 25, 2024

Sold for £120,000

2013

Sold for £89,000

2004

Sold for £37,500

1999

Sold for £37,000

1995

Floor Plans

Description

  • A 2 bed stone built terrace home +
  • 2 double bedrooms +
  • 2 reception rooms +
  • Galley Style kitchen in pale beech +
  • Ground floor 3-piece bathroom in white +
  • Upvc double glaazed +
  • Gas central heated +
  • Cellar which is plumbed as a utility area +

Where is Prospect Street? Primrose is a very popular residential area of South Lancaster. Being only a few minutes from the city centre means the whole wealth of cultural and social amenities of this vibrant city are just down the road. Primrose itself though is quiet and residential with handy corner shops. Homes in this area are predominately 2 and 3-bedroom terraces that were built circa 1890 and today attract young professionals, couples and families. The area is well serviced by regular buses and of course, Lancaster also has a mainline train station. Close by is the University of Cumbria. Excellent local schools and popular churches are also in the vicinity. About this home Welcome to this delightful two-bedroom, stone-built period home. This inviting property offers a perfect blend of traditional features and modern comforts, ideal for those seeking a characterful yet practical living space. On the ground floor, you’ll find two welcoming reception rooms. The lounge boasts a beautiful inglenook fireplace, creating a cozy atmosphere. The dining room provides a lovely space for family meals and gatherings. The galley-style kitchen, finished in pale beech, is both stylish and functional, leading to a ground-floor shower room complete with a built-in vanity wash basin. Upstairs, the first floor features two spacious double bedrooms, offering ample space for rest and relaxation. The property also benefits from two cellar rooms. The first cellar, accessed from the dining room, is plumbed for a washing machine, making laundry chores convenient. The second cellar, located under the kitchen, offers additional storage space. The home is fully equipped with uPVC double glazing and gas central heating, ensuring comfort and energy efficiency. Both the second bedroom and the cellar have tilt-and-turn windows, providing an easy and safe fire escape option. This period home combines character, practicality, and convenience, making it a wonderful place to call home. Don’t miss out on the opportunity to view this affordable home in a great location, close to Lancaster Hospital and the University of Cumbria. Extra Useful Information

  • A 2-bed period home

  • This home is uPVC double-glazed. The windows were installed in….

  • It is gas-central heated. The gas combination boiler is located in kitchen cupboard

  • The cellar is plumbed for the washing machine. It also has a fire escape window

  • This home is council tax band A

  • It is a freehold property

EPC Rating: D

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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