2 Bed Terraced House, Refurb/BRRR, Lancaster, LA2 6LZ, £160,000

Low Road, Halton, LA2 6LZ - 1 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 13%
~59 m²
+10 photos

ValuationOvervalued

Sold Prices£65K - £330K
Sold Prices/m²£1.3K/m² - £3.7K/m²

 

 

Square Metres

~58.61 m²
Price/m²£2.7K/m²

Value Estimate

£123,130

 

 

End Value (After Refurb)

£152,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£23,670

Bridging Loan Interest

£4,200

Total Cash In

£78,820

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,250

Mortgage (After Refinance)

£114,188

Mortgage LTV

75%

Cash Left In

£78,820

Equity

£38,063

Rent Range

£520 - £38,000

Rent Estimate

£1,674

Running Costs/mo

£831

Cashflow/mo

£843

Cashflow/yr

£10,121

ROI

13%

Gross Yield

13%

Local Sold Prices

50 sold prices from £65K to £330K, average is £170K. £1.3K/m² to £3.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£149K03/210.06 mi15, High Road, Halton, Lancaster, Lancashire LA2 6LX2
£125K10/210.11 mi16, New Street, Halton, Lancaster, Lancashire LA2 6PR2
£135K05/210.17 mi44, High Road, Halton, Lancaster, Lancashire LA2 6PS2
£167K10/200.17 mi40, High Road, Halton, Lancaster, Lancashire LA2 6PS2
£193K09/230.17 mi36, High Road, Halton, Lancaster, Lancashire LA2 6PS2
£270K09/230.17 mi83, High Road, Halton, Lancaster, Lancashire LA2 6PS2
£143K10/200.27 mi13, Penny Stone Road, Halton, Lancaster, Lancashire LA2 6QE2
£190K03/240.27 mi13, Penny Stone Road, Halton, Lancaster, Lancashire LA2 6QE2
£262.5K03/240.36 mi15, Beech Road, Halton, Lancaster, Lancashire LA2 6QQ2
£178K03/240.39 mi1, Haylot Drive, Halton, Lancaster, Lancashire LA2 6NW2
£201K06/210.43 mi162, Low Road, Halton, Lancaster, Lancashire LA2 6NU2
£228K06/230.47 mi6, Pointer Grove, Halton, Lancaster, Lancashire LA2 6QR2
£165K07/231.5 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£108K11/201.56 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£125K12/211.6 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£127.5K01/231.62 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£220K03/211.64 mi73, Crag Road, Lancaster, Lancashire LA1 3LX2
£170K02/231.65 mi15, Ashcroft Close, Caton, Lancaster, Lancashire LA2 9RX2
£205K10/201.65 mi28, Hall Drive, Caton, Lancaster, Lancashire LA2 9QF2
£207.5K03/231.66 mi12, Caldbeck Road, Lancaster, Lancashire LA1 3LU2
£248K10/221.67 mi31, Hall Drive, Caton, Lancaster, Lancashire LA2 9QF2
£96K12/231.68 mi58, Lyth Road, Lancaster, Lancashire LA1 3LP2
£173K09/231.68 mi2, Ashcroft Close, Caton, Lancaster, Lancashire LA2 9RX2
£145K06/211.68 mi12, Ashcroft Close, Caton, Lancaster, Lancashire LA2 9RX2
£282.5K11/201.69 mi62, Green Lane, Lancaster, Lancashire LA1 2EZ2
£217K04/231.71 mi3, Rockmjock, Caton, Lancaster, Lancashire LA2 9QB2
£195K11/221.73 mi9, Kingfisher Court, Caton, Lancaster, Lancashire LA2 9PU2
£79K12/201.74 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/241.74 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£225K02/241.75 mi7, Ascot Gardens, Slyne, Lancaster, Lancashire LA2 6JZ2
£85K11/211.75 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£110K08/211.76 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/231.76 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£198K07/231.76 mi19, Greenfields, Caton, Lancaster, Lancashire LA2 9QY2
£110K03/211.78 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£93K04/211.78 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/231.78 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£73.9K03/211.78 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/231.78 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£124K02/211.79 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/241.79 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£127K11/231.79 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/201.79 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£215K01/231.8 mi27, Manor Road, Slyne, Lancaster, Lancashire LA2 6JY2
£330K02/211.81 mi14, Broadacre Place, Caton, Lancaster, Lancashire LA2 9NL2
£190K06/211.83 mi25, Broadacre, Caton, Lancaster, Lancashire LA2 9NQ2
£266K10/231.83 mi36, Bay View Avenue, Slyne, Lancaster, Lancashire LA2 6JS2
£240K03/211.84 mi77, Slyne Road, Bolton Le Sands, Carnforth, Lancashire LA5 8AH2
£220K02/241.84 mi20, Bay View Avenue, Slyne, Lancaster, Lancashire LA2 6JR2
£210K12/201.84 mi19, Bay View Avenue, Slyne, Lancaster, Lancashire LA2 6JR2

Local Rents

50 rents from £520/mo to £38K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£75004/240.06 miHigh Road, Halton, LA22
£99003/250.12 mi-4
£99011/230.12 mi-4
£85012/240.15 miHigh Road, Halton, LA22
£85003/250.17 mi-2
£89507/240.19 mi-1
£38,00004/241.45 miQuernmore Road, Park, Lancaster, Lancashire, LA212
£90004/241.61 mi-3
£90004/241.61 miBeaumont Place, Lancaster, LA13
£75005/241.61 miHowgill Avenue, Lancaster3
£95006/241.65 mi-3
£95006/241.65 miBeaumont Place, Lancaster, LA13
£1,10005/241.73 miCentral Avenue, Lancaster5
£69506/241.74 mi-2
£87507/241.77 mi-3
£82510/241.77 mi-3
£65005/241.77 miAlexandra Road, Lancaster2
£1,39504/241.78 miWoodlands Close, Lancaster4
£67503/241.78 miAlexandra Road, Lancaster, LA12
£60005/241.78 miAlexandra Road, Lancaster, LA12
£87506/241.81 mi-3
£87505/241.81 miAughton Court, Lancaster, LA13
£1,65005/241.81 miColeman Drive, Lancaster, LA14
£65004/241.83 miAshbourne Road, Lancaster2
£57504/241.85 mi9 Aldrens Lane, Lancaster, LA11
£1,15002/241.86 mi-3
£65003/241.86 mi-2
£1,50004/241.89 miShaw Lane, Nether Kellet, Carnforth, Lancashire4
£52005/241.89 miBroadway, Lancaster, LA11
£55003/241.89 miBroadway, Lancaster, LA11
£67501/241.9 mi-1
£69505/241.93 miBroadway, Lancaster2
£1,75004/241.93 mi303 North Wing, The Residence, Kershaw Drive Lancaster, Lancashire, LA1 3TF3
£1,10005/241.93 miNorth Wing, The Residence, Kershaw Drive, Lancaster, LA12
£88005/241.94 miVale Road, Lancaster, LA13
£65005/241.96 miBeaumont Park, Lancaster, LA12
£87506/241.96 mi-3
£80007/231.96 mi-3
£85008/241.96 mi-3
£1,60005/241.97 miNorth Wing, The Residence, Kershaw Drive, Lancaster3
£75007/231.97 mi-1
£95004/241.98 miKershaw Drive, The Residence Kershaw Drive, LA12
£2,25004/241.98 mi201 South Wing, The Residence, Lancaster, Lancashire LA1 3SY4
£1,10003/241.99 miKershaw Drive, Lancaster2
£97504/241.99 miEllwood Square, Lancaster3
£1,50004/241.99 miQuernmore Road, Lancaster, Lancashire, LA22
£65012/242 mi-2
£62504/242 miBridge Square Apartments, Kingsway, Lancaster, LA11
£62505/242 miBridge Square Apartments, Kingsway, Lancaster, LA11
£75005/242 miBridge Square Apartments, Kingsway, Lancaster, LA12

Local Area Statistics

Population in LA2

21,979

Population in Lancaster

74,075

Town centre distance

3.22 miles away

Nearest school

0.30 miles away

Nearest train station

2.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £160,000

July 6, 2024

Floor Plans

Description

  • Enter into lounge, with feature fireplace and a gas fire, twisting staircase to 1st floor +
  • Extended galley style kitchen, with traditional country style oak cupboards, black gloss worktop +
  • Kitchen space for fridge freezer, washer, dryer and dishwasher +
  • Kitchen floor tiled with beamed ceiling, space for dining at the courtyard window +
  • 3 piece bathroom with scallop feature, over bath shower and storage cupboard, tiled walls and panelled ceiling +
  • Bedroom 1 good sized double with mirrored fitted wardrobes +
  • Bed 2 double with wardrobe space and loft access +
  • Gas central heating with Vaillant boiler discreetly stored in the bathroom cupboard +
  • Windows are mainly single glazed, with diamond leaded detail +

Location Welcome to the village of Halton. Embrace the thriving community spirit, where friendly smiles are abundant. Engage in regular activities, classes, and events at the community hall and nearby Halton Mills. Delight in picturesque walks along the river, surrounded by nature's beauty. Halton boasts an array of shops and amenities, including a corner shop, GP Surgery, and pharmacy. Commuters will appreciate the convenient access to the M6 and the recently opened Bay Gateway. Embrace the perfect blend of comfort, community, and convenience at High Road in Halton. Property description Entering into this quaint 2 bedroomed cottage you are greeted with traditional charm. An effective faux fuel burner set in a feature brick surround sets the scene along with the exposed beams on the ceiling. Leading through to the galley style kitchen made up of traditional country style oak cupboards and black worktop. Ample space for all electrical white goods and space to dine in the extension overlooking the tiered courtyard outside. Up the twisting stairs to two double bedrooms and a bathroom in white with scallop features to the bath and basin. The Vaillant boiler is housed discreetly in the useful storage cupboard. Both bedrooms have space for double beds with the master bedroom housing wall to wall mirrored fitted wardrobes. Externally a tiered courtyard leads to a concrete slab, a former garage which could be utilised for parking a car. The property is in need of modernisation to enhance the charm and character of this cottage. Additional information

  • Partially double glazed

  • Council tax band B

  • Gas central heating

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 💪

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