4 Bed Detached House, Refurb/BRRR, Lancaster, LA1 4JZ, £250,000

365 Lancaster Road, Torrisholme, Morecambe LA4 6LZ - 3 months ago

Sold STC
Refurb/BRRR
~129 m²
+6 photos

ValuationFair Value

Sold Prices£165K - £640K
Sold Prices/m²£786/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£252,500

 

 

End Value (After Refurb)

£367,922

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£52,259

Bridging Loan Interest

£6,563

Total Cash In

£131,771

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£367,922

Agent Fees (1%)

£3,679

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£44,972

Local Sold Prices

49 sold prices from £165K to £640K, average is £342.5K. £786/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£350K12/200.01 mi14, Barnacre Close, Lancaster, Lancashire LA1 4JZ4
£365K08/210.01 mi19, Barnacre Close, Lancaster, Lancashire LA1 4JZ4
£315K02/230.07 mi32, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ4
£342.5K07/220.07 mi20, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY4
£282.5K02/210.08 mi2, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY4
£430K10/220.12 mi6, Bay Horse Drive, Lancaster, Lancashire LA1 4LA4
£337.5K03/210.12 mi20, Winmarleigh Road, Lancaster, Lancashire LA1 4LG4
£170K02/210.16 mi48, Appletree Drive, Lancaster, Lancashire LA1 4QY4
£243K03/210.17 mi41, Shireshead Crescent, Lancaster, Lancashire LA1 4LD4
£360K04/210.3 mi5, The Hawthorns, Lancaster, Lancashire LA1 4PJ4
£410K06/210.31 mi7, Maplewood Gardens, Lancaster, Lancashire LA1 4PE4
£395K07/210.32 mi12, Elmwood Gardens, Lancaster, Lancashire LA1 4PG4
£182K04/230.34 mi47, Ingleton Drive, Lancaster, Lancashire LA1 4QZ4
£450K12/200.38 mi3, Beechwood Gardens, Lancaster, Lancashire LA1 4PH4
£410K04/210.4 mi5, Oakwood Gardens, Lancaster, Lancashire LA1 4PF4
£465K08/220.4 mi8, Oakwood Gardens, Lancaster, Lancashire LA1 4PF4
£347.5K06/230.44 mi7, Kempton Road, Lancaster, Lancashire LA1 4LU4
£478K06/210.45 miCherry Trees, Bailrigg Lane, Bailrigg, Lancaster, Lancashire LA1 4XP4
£640K04/230.45 miWillow House, Bailrigg Lane, Bailrigg, Lancaster, Lancashire LA1 4XP4
£475K10/220.47 mi2c, Yealand Drive, Lancaster, Lancashire LA1 4EW4
£360K12/200.5 mi7, Ascot Close, Lancaster, Lancashire LA1 4LT4
£375K06/230.58 mi80, Barton Road, Lancaster, Lancashire LA1 4EL4
£275K03/210.59 mi117, Scotforth Road, Lancaster, Lancashire LA1 4JN4
£285K06/210.6 mi81, Chequers Avenue, Lancaster, Lancashire LA1 4HZ4
£581.3K06/230.6 mi20, Hall Park, Lancaster, Lancashire LA1 4SH4
£402K03/230.6 mi37, Hall Park, Lancaster, Lancashire LA1 4SH4
£165K03/210.63 mi17, Shaftesbury Place, Lancaster, Lancashire LA1 4PZ4
£252K05/210.65 mi79, Scotforth Road, Lancaster, Lancashire LA1 4SD4
£250K10/230.65 mi34, Newlands Road, Lancaster, Lancashire LA1 4JF4
£285K02/210.67 mi2, Barton Road, Lancaster, Lancashire LA1 4ER4
£268K12/210.71 mi35, Chatsworth Road, Lancaster, Lancashire LA1 4SL4
£301K08/230.75 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£250K03/210.75 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£290K05/210.75 mi145, Bowerham Road, Lancaster, Lancashire LA1 4HN4
£262K03/210.77 mi42, Winchester Avenue, Lancaster, Lancashire LA1 4HX4
£320K07/230.78 mi3, Cranwell Avenue, Lancaster, Lancashire LA1 4HW4
£385K02/230.81 mi11, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£268.5K11/200.81 mi40, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£435K08/230.82 mi7, St Pauls Drive, Lancaster, Lancashire LA1 4SR4
£375K11/230.82 mi114, Newlands Road, Lancaster, Lancashire LA1 4JE4
£357K01/210.85 mi17, Scotforth Road, Lancaster, Lancashire LA1 4TS4
£635K07/230.85 mi12, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£580.1K11/220.85 mi21, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£365K03/210.87 mi10, Lily Grove, Lancaster, Lancashire LA1 4TR4
£310K11/200.94 mi29, Colchester Avenue, Lancaster, Lancashire LA1 4AX4
£255K03/210.96 mi60, Canterbury Avenue, Lancaster, Lancashire LA1 4AU4
£200K11/200.96 mi10, Chelmsford Close, Lancaster, Lancashire LA1 4BJ4
£265K11/200.98 mi14, Cork Road, Lancaster, Lancashire LA1 4BD4
£280K07/210.98 mi16, Lonsdale Place, Lancaster, Lancashire LA1 4BX4

Local Rents

26 rents from £490/mo to £2.8K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£1,02505/240.5 miAshford Close, Lancaster3
£95005/240.57 mi-3
£97504/240.57 mi-3
£52505/240.77 miWinchester Avenue, Lancaster, LA13
£90004/240.86 miSt. Pauls Road, Lancaster3
£1,10003/240.87 miBowerham Road, Lancaster3
£70004/240.89 miDorrington Road, Lancaster, LA13
£95005/240.91 miWellington Road, Lancaster3
£1,10004/240.91 mi-3
£98012/240.93 mi-3
£80004/240.96 miHastings Road, Lancaster, LA13
£49005/240.97 mi1, Coulston Road, Lancaster7
£1,09504/240.97 miKensington Road, Lancaster3
£99505/240.97 miKensington Road, Lancaster3
£1,09504/240.97 miKensington Road, Lancaster3
£99505/240.97 miKensington Road, Lancaster3
£2,08007/240.99 mi-4
£85005/240.99 miKensington Road, Lancaster, LA13
£53305/240.99 mi20, Newsham Road, Lancaster3
£92505/241.02 miAvondale Road, Lancaster3
£2,80002/251.03 mi-3
£1,56007/241.04 mi-3
£55905/241.05 mi65, Coulston Road, Lancaster4
£99505/241.07 miWest Street, Lancaster, LA1 4UJ3
£1,00005/241.09 miSomerset Avenue, Lancaster3
£99512/241.22 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.39 miles away

Nearest school

0.60 miles away

Nearest train station

1.95 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £250,000

January 15, 2025

Floor Plans

Description

Well-proportioned four bedroom detached house situated in this sought after South Lancaster location, convenient for Lancaster city centre amenities, primary and secondary schools, both universities and the M6 motorway access. The property is IN NEED OF FULL REFURBISHMENT and briefly comprises: front entrance porch, hallway, lounge diner with patio doors, kitchen, utility/storage room, staircase and first floor landing, four bedrooms and bathroom/wc. Outside the property, there is a lawned front garden and paved driveway providing off-road parking leading to the garage. Finally, there is a generous size side/rear garden with mature trees. Although in need of substantial improvement works, this is a spacious home situated in a highly popular and convenient south Lancaster location and internal viewings are highly recommended to appreciate its full potential. Sold with NO UPWARD CHAIN.

FRONT ENTRANCE PORCH
uPVC double glazed windows and door. Gas meter and electric meter. Inner door into:

HALLWAY
Central heating radiator. Understairs storage cupboard. Power and light. Access into:

GROUND FLOOR WC
Window. Wash hand basin and wc. Light.

LOUNGE DINER 6.58m (max) x 3.98m (max) (21'7'' x 13'1'')
Windows to front and side elevations. Sliding patio doors to the rear. Two central heating radiators. Gas fire. Tv point. Telephone point. Power and light.

KITCHEN 3.46m x 2.67m (11'4'' x 8'9'')
Window to rear elevation. Central heating radiator. Fitted units with sink. Wall mounted 'Baxi' boiler. Power and light.

UTILITY/STORAGE ROOM
Windows to side and rear with door to garden. Light. Access into garage.

STAIRCASE FROM HALLWAY TO FIRST FLOOR

LANDING
Window to side elevation. Power and light. Loft hatch access. Airing cupboard housing the hot water cylinder tank.

BEDROOM ONE 3.49m x 3.04m (11'5'' x 10'0'')
Window to the front elevation. Central heating radiator. Built-in wardrobes. TV point. Power and light.

BEDROOM TWO 2.86m x 2.59m (9'5'' x 8'6'')
Window to the rear elevation. Central heating radiator. Power and light.

BEDROOM THREE 3.03m x 1.81m (9'11'' x 5'11'')
Window to the front elevation. Central heating radiator. Power and light.

BEDROOM FOUR 2.67m x 1.97m (8'9'' x 6'6'')
Window to the rear elevation. Central heating radiator. Power and light.

BATHROOM/WC 1.68m x 1.88m (5'6'' x 6'2'')
Window to rear elevation. Central heating radiator. Bath with wall mounted shower, wash hand basin and wc. Light.

OUTSIDE THE PROPERTY

FRONT GARDEN
Laid to lawn.

DRIVEWAY
Laid to paving providing off-road parking for one vehicle and leads to the garage.

INTEGRAL GARAGE 5.17m x 2.50m (17'0'' x 8'2'')
Accessed via metal up and over door. Power, light and water.

SIDE/REAR GARDEN
Generous size with mature trees.

TENURE Freehold

SERVICES Mains water, mains drainage, mains electricity, mains gas. Local Authority Lancaster City Council. Council Tax Band D. Amount payable for the financial year 2024/25 being £2258.05. Please note that this is a verbal enquiry only. We strongly recommend that prospective purchasers verify the information direct.

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

Agent Details

ibay Homes, Morecambe

01524 952012

Next Steps?

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