2 Bed Terraced House, Single Let, Lancaster, LA2 0LW, £150,000

47 Salford Road, Lancaster, Lancashire, LA2 0LW - 2 views - 7 months ago

Sold STC
BTL
ROI: 1%
65 m²
+3 photos

ValuationUndervalued

Sold Prices£95K - £319K
Sold Prices/m²£1.2K/m² - £4.7K/m²

 

 

Square Metres

65 m²
Price/m²£2.3K/m²

Value Estimate

£171,364
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£6,000

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£675 - £1,400

Rent Estimate

£675

Running Costs/mo

£624

Cashflow/mo

£51

Cashflow/yr

£615

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £95K to £319K, average is £178.5K. £1.2K/m² to £4.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£225K12/230.02 mi28, Salford Road, Galgate, Lancaster, Lancashire LA2 0LN2
£145K01/230.02 mi41, Salford Road, Galgate, Lancaster, Lancashire LA2 0LW2
£169K03/230.06 mi8, Vernon Crescent, Galgate, Lancaster, Lancashire LA2 0LX2
£116.1K12/230.09 mi6, Salford Road, Galgate, Lancaster, Lancashire LA2 0LL2
£170K08/210.09 mi38, Vernon Crescent, Galgate, Lancaster, Lancashire LA2 0LX2
£160K10/200.09 mi1, Vernon Crescent, Galgate, Lancaster, Lancashire LA2 0LX2
£120K06/210.13 mi76, Main Road, Galgate, Lancaster, Lancashire LA2 0LB2
£124K01/240.13 mi70, Main Road, Galgate, Lancaster, Lancashire LA2 0LB2
£112.5K10/230.14 mi30, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JR2
£135K05/230.14 mi68, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JR2
£97K05/210.15 mi27, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JS2
£173K10/210.15 mi68, Highland Brow, Galgate, Lancaster, Lancashire LA2 0NB2
£162K03/210.15 mi74, Highland Brow, Galgate, Lancaster, Lancashire LA2 0NB2
£120K10/200.17 mi15, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JP2
£130K07/210.17 mi9, Makinsons Row, Galgate, Lancaster, Lancashire LA2 0JU2
£282K11/210.19 miGreaves Cottage, Conder Green Road, Galgate, Lancaster, Lancashire LA2 0NS2
£120K11/220.26 mi9a, Elm Avenue, Galgate, Lancaster, Lancashire LA2 0NR2
£161K03/210.28 mi5, Airedale, Galgate, Lancaster, Lancashire LA2 0RR2
£270K10/201.45 miBurrow House Cottage, Burrow Heights Lane, Lancaster, Lancashire LA2 0PG2
£190K11/222.12 mi3, Rose Cottages, Bay Horse, Lancaster, Lancashire LA2 9AQ2
£319K04/232.19 mi17, Lawnswood Avenue, Lancaster, Lancashire LA1 4NZ2
£190K06/212.19 mi9, Harewood Avenue, Lancaster, Lancashire LA1 4PA2
£171K04/212.19 mi20, Harewood Avenue, Lancaster, Lancashire LA1 4PA2
£250K01/232.19 mi23, Harewood Avenue, Lancaster, Lancashire LA1 4PA2
£238.5K01/232.24 mi12, Whinfell Drive, Lancaster, Lancashire LA1 4NY2
£315K10/232.25 mi4, Whinfell Drive, Lancaster, Lancashire LA1 4NY2
£210K06/212.32 mi23, Heversham Close, Lancaster, Lancashire LA1 4LH2
£280K05/232.32 miWilson House, Ashton Road, Lancaster, Lancashire LA2 0AA2
£180K03/212.34 mi5, Main Street, Cockerham, Lancaster, Lancashire LA2 0EF2
£195K12/222.34 mi22, Main Street, Cockerham, Lancaster, Lancashire LA2 0EF2
£150K11/232.34 mi19, Bentham Road, Lancaster, Lancashire LA1 4JX2
£135K09/212.39 mi14, Greenacre Court, Lancaster, Lancashire LA1 4LE2
£123K12/202.39 mi6, Ten Row, Glasson Dock, Lancaster, Lancashire LA2 0BZ2
£200K06/212.4 mi2, Wyresdale Crescent, Glasson Dock, Lancaster, Lancashire LA2 0DL2
£140K06/232.41 mi10, Hala Road, Lancaster, Lancashire LA1 4QJ2
£104.5K05/212.42 mi14, Ashford Road, Lancaster, Lancashire LA1 4QA2
£302.5K06/232.46 mi10, Piccadilly Close, Scotforth, Lancaster, Lancashire LA1 4PY2
£257.5K01/232.47 mi19, Redcar Road, Lancaster, Lancashire LA1 4NA2
£95K10/202.49 mi14, Corless Cottages, Dolphinholme, Lancaster, Lancashire LA2 9AJ2
£207K09/232.49 mi17, Corless Cottages, Dolphinholme, Lancaster, Lancashire LA2 9AJ2
£195K11/202.49 mi4, Stable Yard Cottages, Dolphinholme, Lancaster, Lancashire LA2 9BU2
£177.5K06/212.49 mi4, Wallace Lane, Forton, Preston, Lancashire PR3 0BA2
£295K10/232.51 mi5, Brookside Drive, Dolphinholme, Lancaster, Lancashire LA2 9AZ2
£191K12/222.53 mi9, Rectory Gardens, Cockerham, Lancaster, Lancashire LA2 0ED2
£240K10/212.56 mi24, Ribblesdale Drive, Forton, Preston, Lancashire PR3 0BJ2
£179.6K12/222.56 mi75, Gressingham Drive, Lancaster, Lancashire LA1 4RF2
£181K12/232.59 mi29, Larchwood, Lancaster, Lancashire LA1 4QG2
£233.5K03/212.6 mi16, Kempton Road, Lancaster, Lancashire LA1 4LU2
£190K08/232.61 mi11, Bishopsgate, Lancaster, Lancashire LA1 4QF2
£120K11/202.61 mi6, School Lane, Forton, Preston, Lancashire PR3 0AS2

Local Rents

22 rents from £675/mo to £1.4K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£1,00002/250.13 mi-4
£1,00004/240.14 mi-4
£89504/240.14 miMain Road, Galgate2
£89504/240.14 miChapel St, Galgate, LA23
£89504/240.15 miMain Road, Galgate2
£82504/240.17 miHighland Brow, Galgate, Lancaster2
£1,15004/240.18 miLaund Gardens, Galgate, LA23
£1,40004/240.22 miWeavers Court, Galagte3
£75004/240.33 miChapel Lane, Lancaster, Lancashire, LA21
£67504/240.33 miChapel Lane, Lancaster, Lancashire, LA21
£67512/240.33 miChapel Lane, Lancaster, Lancashire, LA21
£1,25012/240.98 miBay Horse, Lancaster, Lancashire, LA21
£89504/241.32 miHazelrigg Lane, Ellel, Lancaster2
£89504/241.32 miHazelrigg Lane, Ellel, Lancaster2
£1,25012/241.49 miThe Presbytery, Thurnham, LA25
£1,07503/251.57 mi-2
£1,10005/242.27 miHeversham Close, Lancaster2
£1,02505/242.36 miAshford Close, Lancaster3
£1,00001/252.41 mi-2
£97504/242.44 mi-3
£87505/242.48 miPiccadilly Close, Scotforth, Lancaster2
£1,20012/242.48 miPattys Barn, Hillam Lane, Cockerham, LA21

Local Area Statistics

Population in LA2

21,979

Population in Lancaster

74,075

Town centre distance

3.27 miles away

Nearest school

0.20 miles away

Nearest train station

3.94 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Price changed to £150,000

November 12, 2024

Listed for £160,000

August 22, 2024

Sold for £120,000

2008

Sold for £96,000

2005

Floor Plans

Description

  • Two bedroom terrace cottage +
  • Three piece family bathroom with shower above +
  • Spacious living room with lots of storage cupboards +
  • Sought after location +
  • No onward chain +

The Location Galgate boasts a vibrant community that revolves around its village hall, fostering a sense of togetherness among its residents. The village also offers recreational opportunities, including a football and cricket club, as well as two churches. Additionally, Galgate takes pride in its excellent primary school, ensuring top-notch education for young minds. To add to its convenience, the village is equipped with a conveniently located GP's office, serving the healthcare needs of the community. About the property Situated in a desirable residential area, this charming two-bedroom terraced house presents an excellent opportunity for those seeking a comfortable and well-appointed living space. Boasting a traditional yet modern design, this terrace cottage is sure to appeal to a variety of discerning buyers.

Upon entering the property, you are greeted by a stylish and functional living space that flawlessly combines comfort and practicality. The spacious living room provides ample room for relaxation and entertainment, featuring numerous storage cupboards that help keep the area clutter-free. The neutral decor creates a warm and inviting atmosphere, making it the perfect spot to unwind after a long day.

The heart of the home, the kitchen, is a true standout feature of this property. Fitted with sleek black gloss wall and base units complemented by solid wood worktops, the kitchen offers a contemporary aesthetic with a touch of elegance. The design is not only visually appealing but also highly practical, providing plenty of storage space for all your culinary essentials. Convenient back door access from the kitchen allows for easy outdoor connectivity.

Both bedrooms in this property are generously sized, offering comfortable accommodation for residents and guests alike. The master bedroom is a tranquil retreat, perfect for relaxation and rest. The second bedroom provides flexibility for various uses, whether as a guest room, home office, or personal space.

Completing the internal layout is the fully equipped three-piece family, complete with a shower above the bath. This modern bathroom is both functional and stylish, catering to the needs of a busy household.

Additional features of note include a utility store cupboard, providing practical storage solutions, and enhancing the overall functionality of the property.

In summary, this two-bedroom terraced house is a delightful blend of modern convenience and traditional charm, offering a comfortable and inviting living space for its future occupants. With its well-designed layout, stylish finishes, and practical features, this property presents a wonderful opportunity for those looking to establish a cosy and welcoming home in a sought-after location. Additional Information

  • Double gazing

  • Gas central heating

  • No onward chain

EPC Rating: E

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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