2 Bed Terraced House, Single Let, Lancaster, LA1 2BU, £100,000

16 Broadway, Lancaster, Lancashire, LA1 2BU - 2 months ago

BTL
ROI: 5%
47 m²
+5 photos

ValuationOvervalued

Sold Prices£65K - £282.5K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

47 m²
Price/m²£2.1K/m²

Value Estimate

£83,925

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,500

Total Cash In

£29,500

 

 

Cash Out

 

Rent Range

£600 - £995

Rent Estimate

£631

Running Costs/mo

£459

Cashflow/mo

£172

Cashflow/yr

£2,068

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £65K to £282.5K, average is £117.3K. £1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£125K05/230.02 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£75K02/230.04 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£105K11/230.04 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£89K04/230.06 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.06 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£115K01/230.09 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£82.5K04/210.09 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£95K12/200.09 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.09 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£106.5K11/220.14 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£73.9K03/210.18 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.18 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£85K11/210.21 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£93K04/210.22 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/230.22 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£79K12/200.23 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.23 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£166K02/230.23 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£127K11/230.23 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.23 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£140K03/210.25 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£110K04/210.25 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£117K08/210.32 mi2, Fleet Green, Lancaster, Lancashire LA1 2NS2
£110K08/210.37 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/230.37 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£145K02/230.37 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.37 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.37 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.37 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.37 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£128.5K01/230.38 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K03/210.38 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£76K04/210.42 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£124K02/210.45 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.45 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£121.5K03/240.45 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£125K12/210.47 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£127.5K01/230.47 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£137.5K02/240.47 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£108K11/200.48 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£140K03/230.5 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£138.9K06/230.51 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£126K05/230.53 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£102K03/230.56 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£165K07/230.57 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£282.5K11/200.58 mi62, Green Lane, Lancaster, Lancashire LA1 2EZ2
£145K09/230.63 mi16, Denis Street, Lancaster, Lancashire LA1 1QX2
£117.5K03/240.63 mi10, Denis Street, Lancaster, Lancashire LA1 1QX2
£160K03/240.67 mi26, Nun Street, Lancaster, Lancashire LA1 3PJ2
£185K06/210.68 mi5, Garnet Street, Lancaster, Lancashire LA1 3PN2

Local Rents

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

RentDateDistanceAddressBeds 
£69505/240.03 miBroadway, Lancaster2
£65003/240.09 mi-2
£65004/240.16 miAshbourne Road, Lancaster2
£60005/240.17 miAlexandra Road, Lancaster, LA12
£67503/240.18 miAlexandra Road, Lancaster, LA12
£65005/240.2 miAlexandra Road, Lancaster2
£69506/240.23 mi-2
£71505/240.32 mi-2
£70004/240.39 miEarl Street, Lancaster, LA12
£75004/240.42 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.42 miBridge Square Apartments, Kingsway, Lancaster, LA12
£95005/240.47 miRiver View Apartments, Lancaster, LA12
£89505/240.49 mi-2
£65005/240.5 miBeaumont Park, Lancaster, LA12
£90012/240.56 mi-2
£87505/240.57 miDamside Street, Lancaster2
£97504/240.57 miLune Square, Damside Street2
£94505/240.57 miLune Square, Lancaster, LA12
£89505/240.57 miLune Square, Lancaster, LA12
£75005/240.57 miWater Street, Lancaster, LA12
£85004/240.57 miSwallow Wharf, Troutbeck Road, Lancaster2
£99512/240.59 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £100,000

March 8, 2025

Listed for £110,000

January 24, 2025

Floor Plans

Description

  • Two Bedroom Terrace Property +
  • Well Presented Throughout +
  • Modern Fitted Kitchen +
  • Well Proportioned Lounge +
  • Three Piece Bathroom Suite +
  • Gas Central Heating & Double Glazing +
  • Enclosed Rear Yard +
  • Close to Lancaster City Centre +

Traditional stone built terrace property, situated close to Lancaster's historic city centre.

To the ground floor the well presented accommodation briefly comprises lounge with feature fireplace and modern fitted kitchen incorporating a range of wall and base units in cream with contrasting worktop. Rooms to the first floor include two spacious bedrooms and a three piece bathroom. Further benefits to the property include gas central heating and double glazing throughout.

Externally, the property offers an enclosed rear patio yard with gated access to the rear service lane.

Situated in North Lancaster, the property is conveniently positioned close to local amenities including shops, pharmacy and schools with Lancaster City Centre within walking distance, offering a wider range of amenities. There are regular bus services through the area, plus access to the M6 motorway also nearby.

This property would make an ideal home for a working couple or individual. Viewing is highly recommended to appreciate the size and standard of property on offer.

Ground Floor -

Reception Room - 3.68m x 3.30m (12'1 x 10'10) - UPVC double glazed entrance door, UPVC double glazed window, central heating radiator, electric fire in granite surround and wood mantle and door to kitchen.

Kitchen - 3.30m x 2.77m (10'10 x 9'1) - UPVC double glazed window, wall and base units, laminate worktops, stainless steel sink with draining board and traditional taps, integrated single oven, four burner gas hob, extractor fan, tiled splash back, plumbing for washing machine, space for fridge, wood effect laminate flooring, stairs to first floor and UPVC double glazed door to rear.

First Floor -

Landing - Doors to two bedrooms and bathroom.

Bedroom One - 3.07m x 2.16m (10'1 x 7'1) - UPVC double glazed window and central heating radiator.

Bedroom Two - 2.16m x 2.16m (7'1 x 7'1) - UPVC double glazed window, central heating radiator and over stairs storage.

Bathroom - 2.16m x 1.55m (7'1 x 5'1) - Low level WC, pedestal wash basin with traditional taps, panel bath with traditional taps and rinse head over and vinyl flooring

External -

Rear - Enclosed concrete yard.

Agent Details

GF Property Sales and Lettings, Morecambe

01524 967798

Next Steps?

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