3 Bed Terraced House, Planning Permission, Lancaster, LA1 2AR, £170,000

Owen Road, Lancaster, Lancashire, LA1 2AR - 2 views - 5 months ago

Sold STC
Planning
~93 m²
+10 photos

ValuationFair Value

Sold Prices£75K - £380K
Sold Prices/m²£909/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£170,349

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£607 - £1,750

Rent Estimate

£645

Running Costs/mo

£680

Cashflow/mo

£-35

Cashflow/yr

£-423

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £380K, average is £155K. £909/m² to £3.4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£158K04/210.04 mi12, Chelsea Mews, Lancaster, Lancashire LA1 2AS3
£180K09/230.04 mi17, Chelsea Mews, Lancaster, Lancashire LA1 2AS3
£95K09/210.23 mi66, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£165K03/240.23 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£114K11/200.23 mi84, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£115K05/230.23 mi34, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£119K05/210.24 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£116.5K07/230.25 mi10, Norfolk Street, Lancaster, Lancashire LA1 2BW3
£75K11/200.26 mi65, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£105K04/230.26 mi77, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£140K01/230.28 mi22, Hinde Street, Lancaster, Lancashire LA1 1DX3
£145K04/230.29 mi1, Langdale Road, Lancaster, Lancashire LA1 3NT3
£125K08/230.29 mi27, Broadway, Lancaster, Lancashire LA1 2BX3
£141.5K12/200.32 mi177, Main Street, Lancaster, Lancashire LA1 2DD3
£103K03/210.35 mi48, Aldrens Lane, Lancaster, Lancashire LA1 2DT3
£155K05/230.35 mi22, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£145K05/210.35 mi94, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£80K07/230.35 mi25, Alfred Street, Lancaster, Lancashire LA1 1QN3
£145K04/210.35 mi90, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£219.9K03/230.35 mi21, Troutbeck Road, Lancaster, Lancashire LA1 3HQ3
£136.5K07/210.35 mi22, Troutbeck Road, Lancaster, Lancashire LA1 3HQ3
£168K12/200.37 mi10, Clare Road, Lancaster, Lancashire LA1 2LX3
£143K06/210.38 mi17, Wolseley Street, Lancaster, Lancashire LA1 3PH3
£190K03/230.38 mi5, Kentmere Road, Lancaster, Lancashire LA1 3HG3
£156K03/230.39 mi68, Ambleside Road, Lancaster, Lancashire LA1 3HT3
£145K02/230.39 mi24, Ambleside Road, Lancaster, Lancashire LA1 3HT3
£86K12/200.4 mi16, Bank Road, Lancaster, Lancashire LA1 2DG3
£200K10/230.4 mi10, Borrowdale Road, Lancaster, Lancashire LA1 3PW3
£135K08/210.4 mi58, St Georges Quay, Lancaster, Lancashire LA1 1SA3
£155K02/230.4 mi56, St Georges Quay, Lancaster, Lancashire LA1 1SA3
£172K01/210.4 mi17, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ3
£185K07/210.4 mi22, Kentmere Road, Lancaster, Lancashire LA1 3JS3
£115K01/230.41 mi51, Coniston Road, Lancaster, Lancashire LA1 3NJ3
£155K04/210.43 mi38, Langdale Road, Lancaster, Lancashire LA1 3NR3
£152K03/230.43 mi45, Langdale Road, Lancaster, Lancashire LA1 3NR3
£215K02/240.43 mi48, Slyne Road, Lancaster, Lancashire LA1 2HU3
£270K09/230.43 mi8, Slyne Road, Lancaster, Lancashire LA1 2HU3
£265K11/200.44 mi16, Ullswater Road, Lancaster, Lancashire LA1 3PP3
£270K08/230.44 mi15, Ullswater Road, Lancaster, Lancashire LA1 3PP3
£185K06/210.45 mi28, Clare Road, Lancaster, Lancashire LA1 2LU3
£229.9K04/210.45 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU3
£150K11/200.45 mi9, Fairhope Avenue, Lancaster, Lancashire LA1 2LY3
£380K06/230.45 mi5, Castle Hill, Lancaster, Lancashire LA1 1YS3
£162K02/240.46 mi80, Patterdale Road, Lancaster, Lancashire LA1 3HS3
£80K02/210.47 mi1, Roeburn Place, Lancaster, Lancashire LA1 2QL3
£210K05/230.47 mi9, Baker Street, Lancaster, Lancashire LA1 2ND3
£164K12/200.47 mi7, Baker Street, Lancaster, Lancashire LA1 2ND3
£200K07/210.48 mi13, Halton Road, Lancaster, Lancashire LA1 2EA3
£250K03/240.48 mi11, Halton Road, Lancaster, Lancashire LA1 2EA3
£183K08/230.48 mi11, Lambert Road, Lancaster, Lancashire LA1 2NA3

Local Rents

20 rents from £607/mo to £1.8K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,50008/230.27 mi-3
£1,40004/240.27 mi-3
£1,25007/240.27 mi-3
£1,10009/240.27 mi-3
£65004/240.28 miCable Street, Lancaster, LA13
£60704/240.31 miSt. Georges Quay, Lancaster, LA13
£80007/230.31 mi-3
£85009/240.31 mi-3
£1,10002/240.32 miSt George's Quay, Lancaster, LA13
£1,05002/240.38 mi-3
£90006/240.38 mi-3
£90005/240.38 miCromwell Building, Lancaster, LA13
£95005/240.38 miCromwell Building, Lancaster, LA13
£87505/240.45 miClare Road, Lancaster, LA13
£87507/240.5 mi-3
£82510/240.5 mi-3
£1,20005/240.5 miAbram Close, Lancaster3
£1,00004/240.51 miAbram Close, Lancaster3
£88005/240.54 miVale Road, Lancaster, LA13
£1,75012/240.59 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £170,000

November 16, 2024

Floor Plans

Description

  • Single freehold dwelling which has been split into two separate flats +
  • Ground floor one bedroom +
  • First floor two bedrooms +
  • Potential to reconfigure to accommodate additional letting rooms (subject to any relevant planning permission) +
  • Great location just off Skerton Bridge +

Attention investors! This large end of terraced property has been split into two separate flats. One which is accessed from the main front door of the building and has enclosed stairs which lead up to the first floor. The accommodation is then set over two floors comprising in brief of; a spacious and modern white bathroom, breakfast kitchen, lounge and a bedroom (on the first floor) then up to a further bedroom with en suite WC (currently not in use) and a walk in wardrobe.
The ground floor flat which is accessed separately from French doors at the rear of the property has a spacious lounge room, a huge bedroom which is currently split with a stud wall to create sleeping space for two beds, a fitted kitchen and a shower room/ utility.
The property is large, with high ceilings, a cellar and has further potential to be reconfigured to accommodate additional letting possibilities.
Externally there is a small rear yard area and shared access rights at the side of the property to a driveway.

Agent Details

Entwistle Green, Lancaster

01524 938270

Next Steps?

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