2 Bed Semi-Detached House, Single Let, Lancaster, LA2 0LX, £190,000

Vernon Crescent, Galgate | Modernised home in a village setting, LA2 0LX - 3 views - 3 months ago

BTL
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£95K - £335K
Sold Prices/m²£1.2K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£178,420

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£675 - £1,400

Rent Estimate

£675

Running Costs/mo

£749

Cashflow/mo

£-74

Cashflow/yr

£-885

Gross Yield

4%

Local Sold Prices

50 sold prices from £95K to £335K, average is £179.8K. £1.2K/m² to £4.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£169K03/230 mi8, Vernon Crescent, Galgate, Lancaster, Lancashire LA2 0LX2
£170K08/210.03 mi38, Vernon Crescent, Galgate, Lancaster, Lancashire LA2 0LX2
£145K01/230.08 mi41, Salford Road, Galgate, Lancaster, Lancashire LA2 0LW2
£225K12/230.08 mi28, Salford Road, Galgate, Lancaster, Lancashire LA2 0LN2
£116.1K12/230.12 mi6, Salford Road, Galgate, Lancaster, Lancashire LA2 0LL2
£282K11/210.15 miGreaves Cottage, Conder Green Road, Galgate, Lancaster, Lancashire LA2 0NS2
£120K06/210.15 mi76, Main Road, Galgate, Lancaster, Lancashire LA2 0LB2
£124K01/240.15 mi70, Main Road, Galgate, Lancaster, Lancashire LA2 0LB2
£173K10/210.19 mi68, Highland Brow, Galgate, Lancaster, Lancashire LA2 0NB2
£162K03/210.19 mi74, Highland Brow, Galgate, Lancaster, Lancashire LA2 0NB2
£97K05/210.2 mi27, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JS2
£112.5K10/230.21 mi30, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JR2
£135K05/230.21 mi68, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JR2
£120K10/200.23 mi15, Chapel Street, Galgate, Lancaster, Lancashire LA2 0JP2
£130K07/210.24 mi9, Makinsons Row, Galgate, Lancaster, Lancashire LA2 0JU2
£120K11/220.25 mi9a, Elm Avenue, Galgate, Lancaster, Lancashire LA2 0NR2
£161K03/210.34 mi5, Airedale, Galgate, Lancaster, Lancashire LA2 0RR2
£190K11/222.14 mi3, Rose Cottages, Bay Horse, Lancaster, Lancashire LA2 9AQ2
£319K04/232.23 mi17, Lawnswood Avenue, Lancaster, Lancashire LA1 4NZ2
£190K06/212.24 mi9, Harewood Avenue, Lancaster, Lancashire LA1 4PA2
£171K04/212.24 mi20, Harewood Avenue, Lancaster, Lancashire LA1 4PA2
£250K01/232.24 mi23, Harewood Avenue, Lancaster, Lancashire LA1 4PA2
£180K03/212.28 mi5, Main Street, Cockerham, Lancaster, Lancashire LA2 0EF2
£195K12/222.28 mi22, Main Street, Cockerham, Lancaster, Lancashire LA2 0EF2
£238.5K01/232.28 mi12, Whinfell Drive, Lancaster, Lancashire LA1 4NY2
£315K10/232.29 mi4, Whinfell Drive, Lancaster, Lancashire LA1 4NY2
£123K12/202.35 mi6, Ten Row, Glasson Dock, Lancaster, Lancashire LA2 0BZ2
£280K05/232.35 miWilson House, Ashton Road, Lancaster, Lancashire LA2 0AA2
£200K06/212.35 mi2, Wyresdale Crescent, Glasson Dock, Lancaster, Lancashire LA2 0DL2
£210K06/212.37 mi23, Heversham Close, Lancaster, Lancashire LA1 4LH2
£150K11/232.39 mi19, Bentham Road, Lancaster, Lancashire LA1 4JX2
£135K09/212.44 mi14, Greenacre Court, Lancaster, Lancashire LA1 4LE2
£140K06/232.45 mi10, Hala Road, Lancaster, Lancashire LA1 4QJ2
£104.5K05/212.46 mi14, Ashford Road, Lancaster, Lancashire LA1 4QA2
£177.5K06/212.46 mi4, Wallace Lane, Forton, Preston, Lancashire PR3 0BA2
£191K12/222.47 mi9, Rectory Gardens, Cockerham, Lancaster, Lancashire LA2 0ED2
£302.5K06/232.5 mi10, Piccadilly Close, Scotforth, Lancaster, Lancashire LA1 4PY2
£195K11/202.51 mi4, Stable Yard Cottages, Dolphinholme, Lancaster, Lancashire LA2 9BU2
£95K10/202.51 mi14, Corless Cottages, Dolphinholme, Lancaster, Lancashire LA2 9AJ2
£207K09/232.51 mi17, Corless Cottages, Dolphinholme, Lancaster, Lancashire LA2 9AJ2
£257.5K01/232.52 mi19, Redcar Road, Lancaster, Lancashire LA1 4NA2
£240K10/212.52 mi24, Ribblesdale Drive, Forton, Preston, Lancashire PR3 0BJ2
£295K10/232.54 mi5, Brookside Drive, Dolphinholme, Lancaster, Lancashire LA2 9AZ2
£120K11/202.58 mi6, School Lane, Forton, Preston, Lancashire PR3 0AS2
£179.6K12/222.61 mi75, Gressingham Drive, Lancaster, Lancashire LA1 4RF2
£181K12/232.64 mi29, Larchwood, Lancaster, Lancashire LA1 4QG2
£190K10/202.65 mi7, Lower Dolphinholme, Dolphinholme, Lancaster, Lancashire LA2 9AX2
£233.5K03/212.65 mi16, Kempton Road, Lancaster, Lancashire LA1 4LU2
£190K08/232.65 mi11, Bishopsgate, Lancaster, Lancashire LA1 4QF2
£335K05/232.71 mi10, Ascot Close, Lancaster, Lancashire LA1 4LT2

Local Rents

21 rents from £675/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00002/250.17 mi-4
£89504/240.17 miMain Road, Galgate2
£89504/240.17 miMain Road, Galgate2
£1,15004/240.21 miLaund Gardens, Galgate, LA23
£89504/240.21 miChapel St, Galgate, LA23
£1,00004/240.21 mi-4
£82504/240.21 miHighland Brow, Galgate, Lancaster2
£1,40004/240.28 miWeavers Court, Galagte3
£75004/240.39 miChapel Lane, Lancaster, Lancashire, LA21
£67504/240.39 miChapel Lane, Lancaster, Lancashire, LA21
£67512/240.39 miChapel Lane, Lancaster, Lancashire, LA21
£1,25012/240.93 miBay Horse, Lancaster, Lancashire, LA21
£89504/241.39 miHazelrigg Lane, Ellel, Lancaster2
£89504/241.39 miHazelrigg Lane, Ellel, Lancaster2
£1,25012/241.43 miThe Presbytery, Thurnham, LA25
£1,07503/251.5 mi-2
£1,10005/242.32 miHeversham Close, Lancaster2
£1,02505/242.4 miAshford Close, Lancaster3
£1,20012/242.42 miPattys Barn, Hillam Lane, Cockerham, LA21
£1,00001/252.45 mi-2
£97504/242.48 mi-3

Local Area Statistics

Population in LA2

21,979

Population in Lancaster

74,075

Town centre distance

3.31 miles away

Nearest school

0.20 miles away

Nearest train station

3.97 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Buyer's market

Capital growth (5yrs)

+17%

Property History

Listed for £190,000

January 30, 2025

Floor Plans

Description

  • Detached Garage and Driveway +
  • Kitchen Pantry +
  • Kitchen Appliances | Oven and Hob +
  • Courtyard +
  • Kitchen and Breakfast Bar +
  • UPVC double-glazed and gas-central heated +
  • One Double Bedroom +
  • No Chain +

Location: Welcome to Vernon Crescent – a property situated in the village of Galgate, just south of Lancaster. Galgate offers a range of amenities, including local shops, post office and a village hall. For outdoor enthusiasts, the area is surrounded by scenic walking routes, including the nearby Lancaster Canal and paths leading towards the Forest of Bowland. These spots provide excellent opportunities to enjoy the local countryside. The village also benefits from excellent transport links, making it easy to reach Lancaster, the University, and major road networks, including the M6 motorway. Galgate strikes a great balance between rural tranquillity and urban connectivity, making it an ideal location for those seeking a peaceful home with easy access to everything the city has to offer. Property Description: Vernon Crescent offers a practical and welcoming living space in the quiet village of Galgate. The property includes a detached garage and parking, ensuring convenient and secure off-road parking for residents. Inside, the home features neutral colours throughout, giving you the flexibility to add your personal touch. The spacious living room offers a comfortable area for everyday living and leads into the kitchen. The kitchen is equipped with a breakfast bar and pantry, with large windows overlooking the courtyard, allowing plenty of natural light. Upstairs, the master bedroom has built-in storage, and the three-piece bathroom is practical and well-presented. A single bedroom completes the upper floor, offering versatility for use as a guest room or home office. The courtyard garden is private, with mature shrubs, providing a low-maintenance outdoor space. This home offers comfortable, practical living in a well-connected location. This is a freehold property. Key Features:

  • Detached Garage and Driveway

  • Pantry

  • Kitchen Appliances | Oven and Hob

  • Courtyard

  • Kitchen and Breakfast Bar

  • UPVC double-glazed and gas-central heated

  • One Double Bedroom

  • No Chain

EPC Rating: E

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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