3 Bed Semi-Detached House, Refurb/BRRR, Lancaster, LA1 4DH, £195,000

Newsham Road, Lancaster, LA1 4DH - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£143K - £380K
Sold Prices/m²£1.6K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£203,885

 

 

End Value (After Refurb)

£208,884

Uplift in Value

+-9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£37,600

Bridging Loan Interest

£5,119

Total Cash In

£101,319

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£208,884

Mortgage (After Refinance)

£156,663

Mortgage LTV

75%

Cash Released

£10,413

Cash Left In

£90,906

Equity

£52,221

Rent Range

£525 - £2,800

Rent Estimate

£1,024

Running Costs/mo

£878

Cashflow/mo

£146

Cashflow/yr

£1,757

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £143K to £380K, average is £192.8K. £1.6K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£173K06/210.01 mi78, Newsham Road, Lancaster, Lancashire LA1 4DH3
£175K11/210.04 mi15, Newsham Place, Lancaster, Lancashire LA1 4DF3
£165K11/200.04 mi1 - 3, Newsham Place, Lancaster, Lancashire LA1 4DF3
£228K03/210.06 mi49, Rosebery Avenue, Lancaster, Lancashire LA1 4DJ3
£173K11/200.06 mi54, Wellington Road, Lancaster, Lancashire LA1 4DN3
£204K01/240.06 mi45, Wellington Road, Lancaster, Lancashire LA1 4DN3
£174K12/200.06 mi50, Wellington Road, Lancaster, Lancashire LA1 4DN3
£180K02/240.06 mi52, Wellington Road, Lancaster, Lancashire LA1 4DN3
£205K09/230.06 mi3, Newsham Road, Lancaster, Lancashire LA1 4DG3
£192.5K09/230.06 mi24, Newsham Road, Lancaster, Lancashire LA1 4DG3
£192K06/230.09 mi71, Avondale Road, Lancaster, Lancashire LA1 4BZ3
£290K09/210.09 mi24, Belle Vue Drive, Lancaster, Lancashire LA1 4DE3
£187.5K11/200.11 mi20, York Road, Lancaster, Lancashire LA1 4DW3
£168K06/210.11 mi3, York Road, Lancaster, Lancashire LA1 4DW3
£217K11/210.12 mi80, Bowerham Road, Lancaster, Lancashire LA1 4DR3
£380K11/210.12 mi13, Belle Vue Terrace, Lancaster, Lancashire LA1 4TY3
£285K02/210.14 mi30, Fern Bank, Lancaster, Lancashire LA1 4TT3
£200K09/210.15 mi15, Somerset Avenue, Lancaster, Lancashire LA1 4BW3
£215K09/210.15 mi33, Somerset Avenue, Lancaster, Lancashire LA1 4BW3
£192K05/230.15 mi9, Somerset Avenue, Lancaster, Lancashire LA1 4BW3
£192.5K02/230.15 mi4, Ulster Road, Lancaster, Lancashire LA1 4AH3
£172K03/210.17 mi18, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£193K11/220.17 mi52, Bowerham Road, Lancaster, Lancashire LA1 4BN3
£205K03/210.17 mi103, Bowerham Road, Lancaster, Lancashire LA1 4HJ3
£167K06/210.17 mi27, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£182.5K07/230.17 mi18, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£250K11/230.17 mi42, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£254K02/240.18 mi4, Warwick Avenue, Lancaster, Lancashire LA1 4HB3
£205K08/230.18 mi2, Parkfield Drive, Lancaster, Lancashire LA1 4BU3
£210K12/230.18 mi4, Parkfield Drive, Lancaster, Lancashire LA1 4BU3
£290K04/230.18 mi8, Ash Grove, Lancaster, Lancashire LA1 4UH3
£257.5K07/230.18 mi9, Ash Grove, Lancaster, Lancashire LA1 4UH3
£240K02/230.18 mi7, Ash Grove, Lancaster, Lancashire LA1 4UH3
£178K09/230.19 mi21, Malvern Avenue, Lancaster, Lancashire LA1 4BP3
£190K01/230.19 mi14, West Street, Lancaster, Lancashire LA1 4UJ3
£191.5K04/230.19 mi11, Golgotha Road, Lancaster, Lancashire LA1 3AA3
£180K07/230.19 mi38, Golgotha Road, Lancaster, Lancashire LA1 3AA3
£246K06/230.19 mi43, Parkfield Drive, Lancaster, Lancashire LA1 4BT3
£228K04/230.19 mi41, Parkfield Drive, Lancaster, Lancashire LA1 4BT3
£200K03/230.19 mi51, Parkfield Drive, Lancaster, Lancashire LA1 4BT3
£198.1K08/210.19 mi3, Coulston Road, Lancaster, Lancashire LA1 3AD3
£155K08/230.2 mi18, Adelphi Street, Lancaster, Lancashire LA1 4AF3
£145K08/230.2 mi5, Adelphi Street, Lancaster, Lancashire LA1 4AF3
£212.5K01/240.2 mi69, Ulster Road, Lancaster, Lancashire LA1 4AH3
£166.5K09/210.2 mi38, Ulster Road, Lancaster, Lancashire LA1 4AH3
£210K08/230.2 mi75, Ulster Road, Lancaster, Lancashire LA1 4AH3
£215K12/220.2 mi25, Bowerham Road, Lancaster, Lancashire LA1 4AA3
£148K12/200.21 mi19, Victoria Avenue, Lancaster, Lancashire LA1 4SY3
£185K01/230.22 mi7, Hastings Road, Lancaster, Lancashire LA1 4TH3
£143K03/210.22 mi4, Devonshire Street, Lancaster, Lancashire LA1 4TQ3

Local Rents

27 rents from £525/mo to £2.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£95005/240.05 miWellington Road, Lancaster3
£92505/240.07 miAvondale Road, Lancaster3
£53305/240.08 mi20, Newsham Road, Lancaster3
£1,56007/240.1 mi-3
£2,80002/250.11 mi-3
£1,10003/240.13 miBowerham Road, Lancaster3
£98012/240.14 mi-3
£1,09504/240.15 miKensington Road, Lancaster3
£99505/240.15 miKensington Road, Lancaster3
£1,00005/240.15 miSomerset Avenue, Lancaster3
£1,09504/240.17 miKensington Road, Lancaster3
£99505/240.17 miKensington Road, Lancaster3
£85005/240.18 miKensington Road, Lancaster, LA13
£99505/240.22 miWest Street, Lancaster, LA1 4UJ3
£80004/240.22 miHastings Road, Lancaster, LA13
£90004/240.23 miSt. Pauls Road, Lancaster3
£1,10004/240.27 mi-3
£70004/240.29 miDorrington Road, Lancaster, LA13
£1,25004/250.29 mi-3
£99512/240.29 mi-3
£1,20003/250.35 mi-3
£52505/240.44 miWinchester Avenue, Lancaster, LA13
£79504/240.53 miTower Court, Lancaster, LA13
£85012/240.56 mi-3
£1,05004/240.57 miAberdeen Road, Lancaster, LA13
£1,05003/240.57 mi-3
£95005/240.6 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.65 miles away

Nearest school

0.30 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £195,000

February 24, 2025

Price changed to £210,000

January 31, 2025

Price changed to £219,950

January 15, 2025

Listed for £230,000

October 24, 2024

Floor Plans

Description

  • 2 Bathrooms +
  • 2 Reception Rooms +
  • 3 Bedroom End Terrace +
  • Chain Free +
  • Desirable South Lancaster Location +
  • Fitted Kitchen +
  • Garage +
  • Gardens +
  • GCH & Double Glazing +
  • Utility Area +

A rare opportunity to own a 3 Bedroom End Terrace with Garage on a large corner plot lcoated in the heart of ever popular Bowerham, South Lancaster.

This home has HUGE potential and is offered 'Chain Free'.

Newsham Road, Bowerham is ideally located for Lancaster's best Primary/Secondary Schools, University Of Cumbria, Royal Lancater Infirmary and a host of local shops and amenities.
It's also just a 10 minute stroll from Lancaster City Centre.

The property itself although in need of cosmetic renovation has HUGE potential.

It benefits to the ground floor a spacious Hallway leading to a large Living Room with bay window, double doors lead to an open plan Diner/Kitchen with useful Utilty Area to the rear.
There's also a downstairs Shower Room.

On the first floor there are 2 Double Bedrooms and a Single Bedroom. There's also a family Bathroom where you'll also find the New Combi Boiler which powers the Central Heating.

This home also has a useful Garage.

Externally there are Gardens to the front, side and rear of the property.

New Double Glazed Windows and Doors have recently been fitted throughout.

Council Tax Band: B
Tenure: Freehold

Agent Details

Yes Move, Lancaster

01524 967534

Next Steps?

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