2 Bed Terraced House, Single Let, Lancaster, LA1 2BJ, £129,950

Pinfold Lane, Skerton, Lancaster, LA1 2BJ - 2 views - 4 months ago

BTL
ROI: 3%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£65K - £185K
Sold Prices/m²£1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£121,622

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,099

Total Cash In

£37,586

 

 

Cash Out

 

Rent Range

£600 - £995

Rent Estimate

£644

Running Costs/mo

£555

Cashflow/mo

£89

Cashflow/yr

£1,069

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £185K, average is £117.3K. £1K/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£105K11/230.02 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£75K02/230.04 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£95K12/200.07 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.07 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£89K04/230.08 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.08 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£125K05/230.08 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£106.5K11/220.1 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£82.5K04/210.11 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£115K01/230.11 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£73.9K03/210.21 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.21 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£85K11/210.24 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£79K12/200.26 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.26 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£93K04/210.27 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/230.27 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£127K11/230.28 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.28 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£166K02/230.29 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£140K03/210.3 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£110K04/210.3 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£128.5K01/230.33 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£145K02/230.33 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.33 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.33 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.33 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.33 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£117K08/210.37 mi2, Fleet Green, Lancaster, Lancashire LA1 2NS2
£124K02/210.4 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.4 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£121.5K03/240.41 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£110K08/210.42 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/230.42 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£127.5K01/230.43 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£140K03/230.44 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£110K03/210.44 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£137.5K02/240.46 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£126K05/230.47 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£76K04/210.48 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£138.9K06/230.48 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£102K03/230.5 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£125K12/210.51 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£108K11/200.51 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£145K09/230.57 mi16, Denis Street, Lancaster, Lancashire LA1 1QX2
£117.5K03/240.57 mi10, Denis Street, Lancaster, Lancashire LA1 1QX2
£165K07/230.61 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£160K03/240.61 mi26, Nun Street, Lancaster, Lancashire LA1 3PJ2
£185K06/210.61 mi5, Garnet Street, Lancaster, Lancashire LA1 3PN2
£170K11/210.61 mi24, Garnet Street, Lancaster, Lancashire LA1 3PN2

Local Rents

30 rents from £600/mo to £995/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69505/240.05 miBroadway, Lancaster2
£65003/240.11 mi-2
£60005/240.19 miAlexandra Road, Lancaster, LA12
£65004/240.21 miAshbourne Road, Lancaster2
£67503/240.21 miAlexandra Road, Lancaster, LA12
£65005/240.24 miAlexandra Road, Lancaster2
£75004/250.25 mi-2
£69506/240.26 mi-2
£71505/240.26 mi-2
£70004/240.34 miEarl Street, Lancaster, LA12
£75004/240.36 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.36 miBridge Square Apartments, Kingsway, Lancaster, LA12
£95005/240.46 miRiver View Apartments, Lancaster, LA12
£89505/240.46 mi-2
£85004/240.51 miSwallow Wharf, Troutbeck Road, Lancaster2
£75005/240.52 miWater Street, Lancaster, LA12
£90012/240.52 mi-2
£87505/240.53 miDamside Street, Lancaster2
£97504/240.53 miLune Square, Damside Street2
£94505/240.53 miLune Square, Lancaster, LA12
£89505/240.53 miLune Square, Lancaster, LA12
£65005/240.56 miBeaumont Park, Lancaster, LA12
£95012/240.59 mi-2
£99512/240.59 mi-2
£85001/250.59 mi-2
£75005/240.61 miCromwell Building, Lancaster, LA12
£85004/240.61 mi-2
£75006/240.61 mi-2
£90005/240.62 mi-2
£89501/250.62 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £129,950

January 6, 2025

Sold for £80,000

2012

Sold for £95,000

2006

Sold for £39,950

2003

Sold for £10,250

2001

Floor Plans

Description

Well-presented stone fronted two bedroom terraced house conveniently situated for local schools, shopping amenities, cycle track, riverside walks and within approximately one mile radius of Lancaster city centre itself. This property is uPVC double glazed throughout, gas central heated from a 'combi' boiler and briefly comprises: front entrance, lounge, modern fitted kitchen with integrated oven, hob and fridge freezer, staircase and first floor landing, two bedrooms and three-piece bathroom/wc. Outside the property, there is a shared passageway leading through to the low maintenance rear garden, laid to concrete and stone chippings with raised flower bed and timber garden shed. This property will appeal to a range of purchasers including first time buyers and investors looking for a 'ready to move into' home in a convenient location. Sold with NO UPWARD CHAIN.

FRONT ENTRANCE
uPVC double glazed door with glazed panel above leading into:

LOUNGE 3.35m (max) x 3.70m (11'0'' x 12'2'')
uPVC double glazed window to the front elevation. Central heating radiator. Cupboard housing the gas meter, electric meter and consumer unit. Water meter (by door). TV point. Ceiling light. Electric power points.

KITCHEN 3.75m (max) x 4.05m (max) (12'4'' x 13'3'')
Two uPVC double glazed windows to the rear elevation. uPVC double glazed back door. Central heating radiator. Range of fitted furniture comprising base units, wall units and drawers with complementary working surfaces and inset one and half bowl stainless steel sink with mixer tap. Built-in 'NewWorld' electric oven and four ring gas hob. Integrated fridge freezer. Plumbing/space for washing machine. Telephone point. Ceiling light. Electric power points.

STAIRCASE TO FIRST FLOOR

LANDING
Ceiling light.

BEDROOM ONE 3.70m x 3.35m (max) (12'2'' x 11'0'')
uPVC double glazed window to the front elevation. Central heating radiator. Ceiling light. Electric power points.

BEDROOM TWO 3.75m (max) x 2.40m (max) (12'4'' x 7'10'')
uPVC double glazed window to the rear elevation. Central heating radiator. Ceiling light. Electric power points. Access via a drop down ladder into the insulated and boarded roof space.

BATHROOM/WC 1.87m extending to 2.95m x 2.70m (max) (6'2'' x 9'8'' x 8'10'')
uPVC double glazed window to the rear elevation. Central heating radiator. Three piece suite in white comprising bath with rainfall and wall mounted mains showers and side glazed shower screen, wash hand basin set into a vanity unit and wc. Wall mounted 'Vaillant' gas combination condensing boiler. Tiled/wood panelling to all walls. Ceiling light. Extractor fan.

OUTSIDE THE PROPERTY
Gated shared passageway leading through to a wrought iron gate and into:

REAR GARDEN
Low maintenance, laid to concrete and stone chippings with raised flower/shrub bed. Timber garden shed. Surrounded by timber fencing, stone and block walls. Outside light.

TENURE Freehold

SERVICES Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band A. Amount payable for the financial year 2024/25 being £1505.37. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

Council Tax Band: A (Lancaster City Council)
Tenure: Freehold

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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