3 Bed Semi-Detached House, Refurb/BRRR, Lancaster, LA1 5HQ, £150,000

7 Rossall Road, Lancaster, LA1 5HQ - 1 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 2%
~93 m²
+1 photos

ValuationFair Value

Sold Prices£90K - £278K
Sold Prices/m²£1.3K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£150,000

 

 

End Value (After Refurb)

£194,328

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£37,600

Bridging Loan Interest

£3,938

Total Cash In

£86,488

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,328

Mortgage (After Refinance)

£145,746

Mortgage LTV

75%

Cash Released

£33,246

Cash Left In

£53,241

Equity

£48,582

Rent Range

£607 - £1,500

Rent Estimate

£960

Running Costs/mo

£819

Cashflow/mo

£141

Cashflow/yr

£1,689

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £90K to £278K, average is £180K. £1.3K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£215K11/210 mi23, Rossall Road, Lancaster, Lancashire LA1 5HQ3
£133K11/200 mi18, Rossall Road, Lancaster, Lancashire LA1 5HQ3
£160K04/210 mi46, Rossall Road, Lancaster, Lancashire LA1 5HQ3
£190K05/230 mi43, Rossall Road, Lancaster, Lancashire LA1 5HQ3
£195K05/230 mi28, Rossall Road, Lancaster, Lancashire LA1 5HQ3
£175K02/210.06 mi69, Cleveleys Avenue, Lancaster, Lancashire LA1 5HE3
£217K09/230.08 mi56, West Drive, Lancaster, Lancashire LA1 5BZ3
£180K01/210.08 mi45, West Drive, Lancaster, Lancashire LA1 5BZ3
£170K08/230.1 mi14, Penrhyn Road, Lancaster, Lancashire LA1 5HG3
£165K07/230.1 mi13, Penrhyn Road, Lancaster, Lancashire LA1 5HG3
£165K11/200.1 mi49, Scale Hall Lane, Lancaster, Lancashire LA1 2RP3
£278K08/230.1 mi82, Morecambe Road, Lancaster, Lancashire LA1 5JA3
£215K07/230.11 mi35, Cleveleys Avenue, Lancaster, Lancashire LA1 5HB3
£185K02/210.12 mi48, Lymm Avenue, Lancaster, Lancashire LA1 5HJ3
£188K02/210.12 mi37, Lymm Avenue, Lancaster, Lancashire LA1 5HJ3
£170K07/210.13 mi208, Torrisholme Road, Lancaster, Lancashire LA1 2TD3
£180K12/200.15 mi39, Ingleborough Road, Lancaster, Lancashire LA1 2TE3
£145K03/210.15 mi40, Ingleborough Road, Lancaster, Lancashire LA1 2TE3
£179K10/210.15 mi8, West Drive, Lancaster, Lancashire LA1 5BY3
£215K11/210.15 mi17, West Drive, Lancaster, Lancashire LA1 5BY3
£201K07/230.15 mi7, West Drive, Lancaster, Lancashire LA1 5BY3
£165K01/230.15 mi5, West Drive, Lancaster, Lancashire LA1 5BY3
£177.5K11/200.15 mi95, Torrisholme Road, Lancaster, Lancashire LA1 2UB3
£130K11/200.17 mi5, Borwick Drive, Lancaster, Lancashire LA1 2QA3
£237.5K12/230.17 mi12, Borwick Drive, Lancaster, Lancashire LA1 2QA3
£195K12/230.17 mi40, Scale Hall Lane, Lancaster, Lancashire LA1 2RR3
£189.9K03/230.19 mi7, Ingleborough Road, Lancaster, Lancashire LA1 2TB3
£165K06/210.22 mi21, Whernside Road, Lancaster, Lancashire LA1 2TA3
£225K05/230.22 mi82, Lymm Avenue, Lancaster, Lancashire LA1 5HR3
£175K06/210.23 mi6, Ingleborough Road, Lancaster, Lancashire LA1 2TB3
£260K11/200.25 mi254, Torrisholme Road, Lancaster, Lancashire LA1 2TU3
£140K02/210.27 mi16, Summersgill Road, Lancaster, Lancashire LA1 2RT3
£145.3K08/210.27 mi37, Summersgill Road, Lancaster, Lancashire LA1 2RT3
£120K12/200.27 mi30, Summersgill Road, Lancaster, Lancashire LA1 2RT3
£192K01/210.33 mi2, Dunsop Gardens, Morecambe, Lancashire LA3 3SL3
£218K05/230.33 mi7, Dunsop Gardens, Morecambe, Lancashire LA3 3SL3
£90K12/210.34 mi53, Austwick Road, Lancaster, Lancashire LA1 2QY3
£94K04/230.34 mi25, Crossgill Place, Lancaster, Lancashire LA1 2UF3
£90K05/230.36 mi67, Ryelands Road, Lancaster, Lancashire LA1 2QZ3
£185K06/230.37 mi9, Ainsdale Close, Lancaster, Lancashire LA1 2SF3
£182.5K04/230.37 mi23, Ainsdale Close, Lancaster, Lancashire LA1 2SF3
£205K12/220.38 mi14, Malham Close, Lancaster, Lancashire LA1 2SJ3
£175K05/230.38 mi21, Langden Brook Mews, Morecambe, Lancashire LA3 3SN3
£215K07/230.38 mi10, Langden Brook Mews, Morecambe, Lancashire LA3 3SN3
£257K11/220.38 mi8, Hyndburn Close, Morecambe, Lancashire LA3 3SQ3
£95K10/230.39 mi5, Udale Place, Lancaster, Lancashire LA1 2RF3
£102.5K10/230.4 mi1, Ashdale Place, Lancaster, Lancashire LA1 2RE3
£184K06/210.4 mi41, Roeburn Drive, Morecambe, Lancashire LA3 3RY3
£193K01/230.43 mi27, Severn Court, Morecambe, Lancashire LA3 3ST3
£176K08/210.43 mi4, Severn Court, Morecambe, Lancashire LA3 3ST3

Local Rents

41 rents from £607/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85004/240.2 miGregareth Close, Lancaster3
£92505/240.21 miWatery Lane, Lancaster3
£82506/240.34 miWyre Close, Grosvenor Park, Lancaster, LA33
£1,00004/240.55 miAbram Close, Lancaster3
£87505/240.59 miClare Road, Lancaster, LA13
£1,20005/240.6 miAbram Close, Lancaster3
£1,50007/240.61 miEssex Road, Torrisholme3
£90005/240.64 miDallas Road, Torrisholme, LA43
£87506/240.72 mi-3
£87503/250.72 mi-3
£88005/240.73 miVale Road, Lancaster, LA13
£1,10002/240.79 miSt George's Quay, Lancaster, LA13
£80007/230.8 mi-3
£85008/240.8 mi-3
£1,30012/240.8 mi-3
£60704/240.83 miSt. Georges Quay, Lancaster, LA13
£79504/240.84 miFairfield Road, Lancaster3
£87506/240.85 mi-3
£87505/240.85 miAughton Court, Lancaster, LA13
£1,07504/240.86 miSt Lukes Court, Fairfield Road, Lancaster3
£95006/240.92 miKayswell Road, Torrisholme, Morecambe3
£87507/240.93 mi-3
£82510/240.93 mi-3
£90004/240.98 miMichaelson Avenue, Morecambe, LA43
£95006/241.02 mi-3
£95006/241.02 miBeaumont Place, Lancaster, LA13
£65004/241.04 miCable Street, Lancaster, LA13
£75005/241.04 miHowgill Avenue, Lancaster3
£90004/241.05 mi-3
£90004/241.05 miBeaumont Place, Lancaster, LA13
£79504/241.07 miHarrier Court, Fenton Street, Lancaster3
£90005/241.08 miCromwell Building, Lancaster, LA13
£95005/241.08 miCromwell Building, Lancaster, LA13
£1,05002/241.08 mi-3
£90006/241.08 mi-3
£95005/241.16 miCleveland Drive, Lancaster3
£95006/241.16 miCleveland Drive, Lancaster3
£1,50008/231.2 mi-3
£1,40004/241.2 mi-3
£1,25007/241.2 mi-3
£1,10009/241.2 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £150,000

January 22, 2025

Floor Plans

Description

  • Semi-detached property +
  • Three Bedroom +
  • Potential Potential Potential +
  • Full refurbishment +

This traditional three bedroom semi-detached property offers a fantastic opportunity for those seeking a full renovation project in a highly sought-after location. For the buyers that are wanting to make a house a home or for the investors looking to add to their portfolio, this could potentially be the property you have been waiting for. Although in need of a full renovation, 7 Rossall Road boasts great potential. The spacious rooms, generous plot and prime location makes this a must see and shouldn’t be missed.  The ground floor is traditionally laid out with the front door opening into the staircase hall, off which are two reception rooms and a kitchen. Although it would be ideal for those wanting the open plan living as there is already a semi-open layout, with the kitchen adjacent to the dining area. All plans would of course be subject to the necessary planning permissions. The first floor landing is where you will find the two good sized double bedrooms, a single bedroom which would be ideal for a dressing room or nursery and a bathroom.  Externally, there is a driveway providing off road parking and a front garden laid to lawn. The driveway also leads you to the detached single garage. To the rear elevation is a generous garden with ample potential for landscaping projects.  Location Rossall Road provides a great location for family life being handy for primary and secondary schools in the area, Morecambe and Heysham Grosvenor Park Primary School and Morecambe Road School. Lancaster and Morecambe college is also approximately  0.6 miles away. Our Lady's Catholic College is approximately 0.9 miles away. The area of Scale Hall benefits from a SPAR shop and a Fish and Chips shop. Torrisholme village is also a short drive away from the property which benefits of additional amenities such as One Stop, The George pub and a Chinese takeaway. The city of Lancaster is easily accessible due to the nearby bus routes located within walking distance of the property. Lancaster train station is on the main West Coast line and is approximately 2.9 miles away. It is also in a convenient location for the Bay Gateway link road with excellent access to the M6 motorway, both North and South bound.  Directions what3words ///energetic.path.pencil Use the postcode LA1 5HQ on Sat Nav with reference to the directions below: Travelling north out of Lancaster, bare left over Millenium Bridge. Continue driving on Morecambe Road until you come to the second set of traffic lights and take a right turn onto Scale Hall Lane. Take your second right onto West Drive, then take your second left onto Rossall Road. No7 will be on your left. Services Mains electricity, gas, water and drainage. Gas fired central heating to radiators from a back boiler. Broadband Ultrafast speed potentially available from VirginMedia, Openreach, Netomnia of 10,000 Mbps download and for uploading 10,000Mbps.  Mobile Indoor: EE and Three are reported as ‘limited’ for both Voice and Data services. O2 and Vodafone are reported as ‘likely’ for both Voice and Data services.  Outdoor: EE, Three, O2 and Vodafone are reported as ‘likely’ for both Voice and Data services.  Broadband and mobile information provided by Ofcom. Tenure Freehold **Local Authority charges ** Lancaster City Council – Council Tax band B Guide price £150,000

Agent Details

Matthews Benjamin, Lancaster

01524 967263

Next Steps?

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