2 Bed Semi-Detached House, Single Let, Lancaster, LA1 2HQ, £140,000

35 Richmond Avenue, Lancaster, Lancashire, LA1 2HQ - 4 views - 6 months ago

Sold STC
BTL
81 m²
+8 photos

ValuationUndervalued

Sold Prices£65K - £282.5K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

80.64 m²
Price/m²£1.7K/m²

Value Estimate

£143,686

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

£600 - £1,025

Rent Estimate

£631

Running Costs/mo

£584

Cashflow/mo

£47

Cashflow/yr

£568

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £65K to £282.5K, average is £116K. £1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£125K12/210.05 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£108K11/200.11 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£165K07/230.13 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£110K08/210.13 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/230.13 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£110K03/210.15 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£282.5K11/200.15 mi62, Green Lane, Lancaster, Lancashire LA1 2EZ2
£127K11/230.25 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.25 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£93K04/210.26 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/230.26 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£79K12/200.27 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.27 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£85K11/210.3 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£166K02/230.32 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£73.9K03/210.33 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.33 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£115K01/230.42 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£82.5K04/210.43 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£89K04/230.45 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.45 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£125K05/230.47 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£75K02/230.48 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£117K08/210.49 mi2, Fleet Green, Lancaster, Lancashire LA1 2NS2
£95K12/200.49 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.49 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£105K11/230.51 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£106.5K11/220.52 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£110K04/210.52 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£140K03/210.52 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£76K04/210.53 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£127.5K01/230.64 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£124K02/210.74 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.74 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£145K02/230.85 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.85 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.85 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.85 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.85 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£128.5K01/230.85 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£96K12/230.91 mi58, Lyth Road, Lancaster, Lancashire LA1 3LP2
£137.5K02/240.91 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£140K03/230.93 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£121.5K03/240.93 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£126K05/230.95 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£207.5K03/230.95 mi12, Caldbeck Road, Lancaster, Lancashire LA1 3LU2
£102K03/230.98 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£220K03/210.98 mi73, Crag Road, Lancaster, Lancashire LA1 3LX2
£138.9K06/230.99 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£150K03/210.99 mi33, Lymm Avenue, Lancaster, Lancashire LA1 5DA2

Local Rents

36 rents from £600/mo to £1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£69506/240.28 mi-2
£65005/240.29 miAlexandra Road, Lancaster2
£65004/240.32 miAshbourne Road, Lancaster2
£67503/240.32 miAlexandra Road, Lancaster, LA12
£65005/240.33 miBeaumont Park, Lancaster, LA12
£60005/240.35 miAlexandra Road, Lancaster, LA12
£65003/240.43 mi-2
£69505/240.48 miBroadway, Lancaster2
£71505/240.79 mi-2
£75004/240.84 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.84 miBridge Square Apartments, Kingsway, Lancaster, LA12
£70004/240.86 miEarl Street, Lancaster, LA12
£95005/240.91 miRiver View Apartments, Lancaster, LA12
£89505/240.96 mi-2
£85004/240.99 miSwallow Wharf, Troutbeck Road, Lancaster2
£99512/241.01 mi-2
£90012/241.04 mi-2
£87505/241.04 miDamside Street, Lancaster2
£97504/241.05 miLune Square, Damside Street2
£94505/241.05 miLune Square, Lancaster, LA12
£89505/241.05 miLune Square, Lancaster, LA12
£75005/241.05 miWater Street, Lancaster, LA12
£90005/241.06 mi-2
£95012/241.11 mi-2
£85001/251.12 mi-2
£89501/251.13 mi-2
£85004/241.13 mi-2
£75006/241.13 mi-2
£75005/241.13 miCromwell Building, Lancaster, LA12
£89506/241.14 mi-2
£92505/241.14 miWhitbarrow Square, Lancaster, LA12
£92506/241.14 miWhitbarrow Square, Lancaster, LA12
£99505/241.2 miLune Road, Lancaster2
£1,02504/241.23 miCastle Park, Lancaster 2
£82506/241.23 miCastle Park Mews, Chennell House Castle Park Mews, LA12
£64105/241.24 miBulk Street, Lancaster2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

1.28 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

February 12, 2025

Listed for £150,000

September 24, 2024

Sold for £108,000

2019

Sold for £87,000

2010

Sold for £66,500

2004

Sold for £45,000

2002

Sold for £24,000

1995

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Two Bedroom Semi Detached House In Lancaster +
  • Spacious Lounge, Fitted Kitchen, Ground Floor Bathroom +
  • Two Bedrooms, Bedroom Two Can Be Split Into Two Sleeping Areas +
  • Family Bathroom, Good Size Rear Garden, Great Location! +

We are pleased to present to the market this two bedroom semi detached property, located in a popular area of Lancaster.

Internally the accommodation comprises; good size lounge, kitchen and a ground floor bathroom. Stairs lead to the first floor, with two bedrooms, bedroom has a door and can be split into two sleeping areas if needed.

Externally is a good size rear garden offering great views of the local area.

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?

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