3 Bed Bungalow, Planning Permission, Lancaster, LA1 4NQ, £375,000

Newmarket Avenue, Lancaster, Lancashire, LA1 4NQ - 3 months ago

Planning
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£134K - £400K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£232,650

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Total Cash In

£122,450

 

 

Cash Out

 

Rent Range

£525 - £2,800

Rent Estimate

£575

Running Costs/mo

£1,307

Cashflow/mo

£-732

Cashflow/yr

£-8,782

Gross Yield

2%

Local Sold Prices

50 sold prices from £134K to £400K, average is £228.8K. £1.4K/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£155K08/210.11 mi75, Ingleton Drive, Lancaster, Lancashire LA1 4QZ3
£211.5K02/230.15 mi18, Ingleton Drive, Lancaster, Lancashire LA1 4RA3
£200K09/230.19 mi24, Appletree Drive, Lancaster, Lancashire LA1 4QY3
£242K10/200.21 mi21, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY3
£279K03/230.21 mi50, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY3
£165K02/240.21 mi19, Slaidburn Drive, Lancaster, Lancashire LA1 4QX3
£134K07/210.21 mi7, Slaidburn Drive, Lancaster, Lancashire LA1 4QX3
£162K10/200.21 mi25, Slaidburn Drive, Lancaster, Lancashire LA1 4QX3
£150K11/200.25 mi51, Abbeystead Drive, Lancaster, Lancashire LA1 4QS3
£215K03/240.25 mi39, Abbeystead Drive, Lancaster, Lancashire LA1 4QS3
£220K08/230.25 mi53, Abbeystead Drive, Lancaster, Lancashire LA1 4QS3
£185K07/210.3 mi213, Bowerham Road, Lancaster, Lancashire LA1 4JP3
£222.5K10/220.31 mi28, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ3
£285K09/230.32 mi33, Yealand Drive, Lancaster, Lancashire LA1 4EW3
£400K03/210.32 mi2b, Yealand Drive, Lancaster, Lancashire LA1 4EW3
£256K07/230.32 mi4, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ3
£175K10/210.33 mi24, Chequers Avenue, Lancaster, Lancashire LA1 4HZ3
£205K08/230.36 mi6, Abbeyfield Close, Lancaster, Lancashire LA1 4NL3
£310K01/240.37 mi6, Whinfell Drive, Lancaster, Lancashire LA1 4NY3
£224K04/210.37 mi1, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£222.5K08/210.37 mi2, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£250K02/230.37 mi25, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£260K11/220.37 mi5, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£190K03/210.39 mi52, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£232.5K10/230.39 mi42, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£190K11/200.39 mi42, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£250K01/240.39 mi30, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£220K03/210.4 mi12, Wakefield Drive, Lancaster, Lancashire LA1 4EJ3
£240K04/210.4 mi101, Chequers Avenue, Lancaster, Lancashire LA1 4JA3
£272K11/230.4 mi4, Devon Place, Lancaster, Lancashire LA1 4EG3
£142.5K03/210.41 mi144, Scotforth Road, Lancaster, Lancashire LA1 4NP3
£215K08/230.41 mi30, Newlands Avenue, Lancaster, Lancashire LA1 4HU3
£236K01/210.42 mi68, Gloucester Avenue, Lancaster, Lancashire LA1 4EF3
£260K03/210.42 mi59, Gloucester Avenue, Lancaster, Lancashire LA1 4EF3
£200.1K11/200.43 mi14, Gloucester Avenue, Lancaster, Lancashire LA1 4ES3
£235K09/210.43 mi38, Rutland Avenue, Lancaster, Lancashire LA1 4EX3
£260K02/230.43 mi38, Rutland Avenue, Lancaster, Lancashire LA1 4EX3
£237.5K03/230.44 mi10, Gloucester Avenue, Lancaster, Lancashire LA1 4ES3
£227.5K06/230.47 mi26, Rutland Avenue, Lancaster, Lancashire LA1 4EZ3
£200K12/220.47 mi22, Rutland Avenue, Lancaster, Lancashire LA1 4EZ3
£230K11/210.47 mi19, Ashford Road, Lancaster, Lancashire LA1 4QA3
£290K05/230.47 mi19, Ashford Road, Lancaster, Lancashire LA1 4QA3
£287.5K06/210.48 mi33, Toll Bar Crescent, Lancaster, Lancashire LA1 4NR3
£360K11/200.48 mi15, Toll Bar Crescent, Lancaster, Lancashire LA1 4NR3
£315K09/230.48 mi20, Durham Avenue, Lancaster, Lancashire LA1 4ED3
£238K11/200.49 mi5, Rays Drive, Scotforth, Lancaster, Lancashire LA1 4NT3
£215K12/200.49 mi74, Winchester Avenue, Lancaster, Lancashire LA1 4HX3
£310K09/230.49 mi63a, Winchester Avenue, Lancaster, Lancashire LA1 4HX3
£220K02/240.51 mi33, Chatsworth Road, Lancaster, Lancashire LA1 4SL3
£254K02/240.51 mi4, Warwick Avenue, Lancaster, Lancashire LA1 4HB3

Local Rents

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

RentDateDistanceAddressBeds 
£1,25004/250.39 mi-3
£95005/240.46 mi-3
£1,02505/240.47 miAshford Close, Lancaster3
£52505/240.49 miWinchester Avenue, Lancaster, LA13
£97504/240.5 mi-3
£1,10003/240.59 miBowerham Road, Lancaster3
£90004/240.63 miSt. Pauls Road, Lancaster3
£95005/240.64 miWellington Road, Lancaster3
£98012/240.64 mi-3
£70004/240.67 miDorrington Road, Lancaster, LA13
£1,10004/240.69 mi-3
£53305/240.72 mi20, Newsham Road, Lancaster3
£1,09504/240.72 miKensington Road, Lancaster3
£99505/240.72 miKensington Road, Lancaster3
£1,09504/240.72 miKensington Road, Lancaster3
£99505/240.72 miKensington Road, Lancaster3
£80004/240.72 miHastings Road, Lancaster, LA13
£92505/240.75 miAvondale Road, Lancaster3
£85005/240.75 miKensington Road, Lancaster, LA13
£2,80002/250.75 mi-3
£1,56007/240.77 mi-3
£1,00005/240.81 miSomerset Avenue, Lancaster3
£99505/240.83 miWest Street, Lancaster, LA1 4UJ3
£99512/240.96 mi-3
£1,20003/251.03 mi-3
£1,85005/241.11 miRaffles, Haverbreaks Road, Haverbreaks, Lancaster, LA1 5BJ3
£85012/241.21 mi-3
£79504/241.21 miTower Court, Lancaster, LA13
£1,05003/241.22 mi-3
£1,05004/241.22 miAberdeen Road, Lancaster, LA13

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.19 miles away

Nearest school

0.30 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £375,000

April 1, 2025

Price changed to £379,000

March 12, 2025

Price changed to £381,950

February 20, 2025

Listed for £389,950

January 22, 2025

Floor Plans

Description

  • Three bedroom detached true bungalow +
  • Large plot with panoramic views +
  • Carriage driveway providing ample parking +
  • Neutral decor throughout +
  • Large lounge and kitchen diner +
  • Handy utility room +
  • Chain free +

Wow! An abundance of parking plus panoramic views! Chain free! Situated in the ever-popular Racecourse area of South Lancaster is this neutral and modern three bedroom, detached true bungalow boasting a generous plot. The former garage has been converted to allow for a third bedroom but the plot is of such size that there may be the possibility (subject to the relevant planning permissions) to construct a detached garage if required. There is a carriage driveway providing ample off-road parking for several vehicles, or a motorhome and due to its raised position, there are stunning views. The internal decor has a neutral finish throughout.

The accommodation comprises an entrance porch with cloakroom area leading to a light and airy lounge with a neutral finish. There is a modern fitted kitchen diner with cream wall and base units and built in appliances, complementary worktops and dining area for table and chairs. The bathroom is finished neutrally with WC, bath and basin. There are three double bedrooms, two with large fitted wardrobes.

The lovely addition to this home is a separate utility area off the kitchen offering plumbing for washing machine and dishwasher.

Externally, there is a very generous garden with a lawned area and a large, block paved patio. Great for family and friends in the spring and summer months.

Sold chain free and ready to move straight in to.

Agent Details

Entwistle Green, Lancaster

01524 938270

Next Steps?

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