3 Bed Terraced House, Planning Permission, Lancaster, LA1 2HN, £215,000

Slyne Road, Lancaster, LA1 2HN - 2 views - 4 months ago

Planning
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£78.5K - £270K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£161,130

 

 

End Value (After Refurb)

£213,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£37,600

Bridging Loan Interest

£5,644

Total Cash In

£106,544

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£213,750

Mortgage (After Refinance)

£160,313

Mortgage LTV

75%

Cash Left In

£106,544

Equity

£53,438

Rent Range

£750 - £950

Rent Estimate

£874

Running Costs/mo

£863

Cashflow/mo

£11

Cashflow/yr

£135

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £78.5K to £270K, average is £150K. £1K/m² to £3.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£126K09/210.09 mi15, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£139.9K05/230.09 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£108K01/210.09 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£188K09/230.09 mi12, Leyburn Road, Lancaster, Lancashire LA1 2HZ3
£200K10/230.09 mi6, Tall Trees, Lancaster, Lancashire LA1 2LD3
£160.1K07/210.1 mi6, Newby Drive, Lancaster, Lancashire LA1 2HY3
£165K10/210.1 mi12, Newby Drive, Lancaster, Lancashire LA1 2HY3
£150K02/210.1 mi5, Wensley Drive, Lancaster, Lancashire LA1 2JA3
£125K05/230.11 mi45, Slyne Road, Lancaster, Lancashire LA1 2JH3
£155K03/210.14 mi80, Vale Road, Lancaster, Lancashire LA1 2JL3
£192K09/230.15 mi29, Tan Hill Drive, Lancaster, Lancashire LA1 2JB3
£160K10/230.16 mi3, Vale Road, Lancaster, Lancashire LA1 2JN3
£143.5K03/240.16 mi7, Vale Road, Lancaster, Lancashire LA1 2JN3
£210K08/230.22 mi23, Barley Cop Lane, Lancaster, Lancashire LA1 2NB3
£229.9K04/210.22 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU3
£210K05/230.23 mi9, Baker Street, Lancaster, Lancashire LA1 2ND3
£164K12/200.23 mi7, Baker Street, Lancaster, Lancashire LA1 2ND3
£85K10/210.23 mi49, Beaumont Place, Lancaster, Lancashire LA1 2EY3
£160K12/220.23 mi48, Beaumont Place, Lancaster, Lancashire LA1 2EY3
£140K10/230.23 mi9, Beaumont Place, Lancaster, Lancashire LA1 2EY3
£135K07/230.23 mi47, Beaumont Place, Lancaster, Lancashire LA1 2EY3
£120K07/210.23 mi45, Whalley Road, Lancaster, Lancashire LA1 2HE3
£116K11/200.23 mi51, Whalley Road, Lancaster, Lancashire LA1 2HE3
£215K02/240.24 mi48, Slyne Road, Lancaster, Lancashire LA1 2HU3
£270K09/230.24 mi8, Slyne Road, Lancaster, Lancashire LA1 2HU3
£122.5K03/210.25 mi8, Mayfield Avenue, Lancaster, Lancashire LA1 2NX3
£137K12/230.25 mi6, Mayfield Avenue, Lancaster, Lancashire LA1 2NX3
£78.5K07/230.25 mi9, Ravens Close, Lancaster, Lancashire LA1 2NT3
£120K05/210.27 mi32, Edenvale Crescent, Lancaster, Lancashire LA1 2NR3
£128K04/210.27 mi53, Edenvale Crescent, Lancaster, Lancashire LA1 2NR3
£105.5K04/210.27 mi36, Howgill Avenue, Lancaster, Lancashire LA1 2HG3
£155K08/210.27 mi37, Green Lane, Lancaster, Lancashire LA1 2ES3
£131K10/230.28 mi7, Howgill Avenue, Lancaster, Lancashire LA1 2HF3
£182K03/210.28 mi35, Noel Road, Lancaster, Lancashire LA1 2LZ3
£215K10/230.28 mi2, Green Lane, Lancaster, Lancashire LA1 2EW3
£144K08/210.28 mi3, Green Lane, Lancaster, Lancashire LA1 2EW3
£240K06/230.28 mi4, Green Lane, Lancaster, Lancashire LA1 2EW3
£136K01/210.29 mi35, Greenset Close, Lancaster, Lancashire LA1 2PW3
£150K11/200.3 mi9, Fairhope Avenue, Lancaster, Lancashire LA1 2LY3
£86K12/200.3 mi16, Bank Road, Lancaster, Lancashire LA1 2DG3
£200K07/210.3 mi13, Halton Road, Lancaster, Lancashire LA1 2EA3
£250K03/240.3 mi11, Halton Road, Lancaster, Lancashire LA1 2EA3
£135K07/210.31 mi121, Barley Cop Lane, Lancaster, Lancashire LA1 2PH3
£133K07/230.31 mi100, Barley Cop Lane, Lancaster, Lancashire LA1 2PH3
£183K08/230.32 mi11, Lambert Road, Lancaster, Lancashire LA1 2NA3
£172K01/210.32 mi17, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ3
£168K12/200.32 mi10, Clare Road, Lancaster, Lancashire LA1 2LX3
£103K03/210.34 mi48, Aldrens Lane, Lancaster, Lancashire LA1 2DT3
£185K06/210.35 mi28, Clare Road, Lancaster, Lancashire LA1 2LU3
£125K09/230.35 mi11, Hammerton Hall Close, Lancaster, Lancashire LA1 2JX3

Local Rents

17 rents from £750/mo to £950/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£75004/250.03 miHeronsyke, Lancaster, LA13
£87506/240.05 mi-3
£87505/240.05 miAughton Court, Lancaster, LA13
£88005/240.15 miVale Road, Lancaster, LA13
£87506/240.18 mi-3
£87504/250.18 mi-3
£75005/240.22 miHowgill Avenue, Lancaster3
£95006/240.22 mi-3
£95006/240.22 miBeaumont Place, Lancaster, LA13
£87507/240.23 mi-3
£82510/240.23 mi-3
£90004/240.25 mi-3
£90004/240.25 miBeaumont Place, Lancaster, LA13
£87505/240.35 miClare Road, Lancaster, LA13
£80007/230.36 mi-3
£85009/240.36 mi-3
£92505/240.61 miWatery Lane, Lancaster3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.79 miles away

Nearest school

0.50 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £215,000

February 4, 2025

Listed for £220,000

December 27, 2024

Sold for £120,000

2018

Sold for £47,000

2000

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Three Bedroom Mid Terrace Town House In Lancaster +
  • Two Reception Rooms, Good Size Kitchen, Family Bathroom +
  • Three Bedrooms, Rear Garden, Great Location +
  • Planning Permission for Single Storey Extension and Rear Dormer. +

Farrell Heyworth are delighted to offer for sale this three bedroom terraced house, within a much sought after location of Lancaster.

The accommodation comprises an entrance hallway, two spacious reception rooms, and a good size kitchen.

To the first floor, there are three bedrooms and a family bathroom.

Externally there is a garden area to the front and a spacious garden to the rear.

Viewing is highly recommended to appreciate the accommodation on offer.

Please Note: Planning permission has been granted to add a dormer extension to the rear elevation and single storey extension infill to the rear. Planning application No: 23/00512/FUL. Dated 2nd May 2023, work must begin within 3 years of the planning application being granted. Further details available from Lancaster City Council

Council Tax Information: Band B

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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