3 Bed Terraced House, Refurb/BRRR, Lancaster, LA1 2HX, £283,000

Slyne Road, Lancaster, LA1 2HX - 1 views - 3 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+23 photos

ValuationOvervalued

Sold Prices£75K - £270K
Sold Prices/m²£1K/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£146,712

 

 

End Value (After Refurb)

£185,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£37,600

Bridging Loan Interest

£7,429

Total Cash In

£129,829

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,750

Mortgage (After Refinance)

£139,313

Mortgage LTV

75%

Cash Left In

£129,829

Equity

£46,438

Rent Range

£750 - £950

Rent Estimate

£874

Running Costs/mo

£775

Cashflow/mo

£99

Cashflow/yr

£1,185

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £75K to £270K, average is £148.5K. £1K/m² to £2.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£229.9K04/210.02 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU3
£215K02/240.03 mi48, Slyne Road, Lancaster, Lancashire LA1 2HU3
£270K09/230.03 mi8, Slyne Road, Lancaster, Lancashire LA1 2HU3
£210K05/230.06 mi9, Baker Street, Lancaster, Lancashire LA1 2ND3
£164K12/200.06 mi7, Baker Street, Lancaster, Lancashire LA1 2ND3
£168K12/200.11 mi10, Clare Road, Lancaster, Lancashire LA1 2LX3
£172K01/210.12 mi17, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ3
£125K05/230.12 mi45, Slyne Road, Lancaster, Lancashire LA1 2JH3
£160K10/230.13 mi3, Vale Road, Lancaster, Lancashire LA1 2JN3
£143.5K03/240.13 mi7, Vale Road, Lancaster, Lancashire LA1 2JN3
£150K11/200.13 mi9, Fairhope Avenue, Lancaster, Lancashire LA1 2LY3
£86K12/200.13 mi16, Bank Road, Lancaster, Lancashire LA1 2DG3
£155K03/210.14 mi80, Vale Road, Lancaster, Lancashire LA1 2JL3
£210K08/230.14 mi23, Barley Cop Lane, Lancaster, Lancashire LA1 2NB3
£160.1K07/210.16 mi6, Newby Drive, Lancaster, Lancashire LA1 2HY3
£165K10/210.16 mi12, Newby Drive, Lancaster, Lancashire LA1 2HY3
£103K03/210.16 mi48, Aldrens Lane, Lancaster, Lancashire LA1 2DT3
£145K04/210.16 mi90, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£150K02/210.17 mi5, Wensley Drive, Lancaster, Lancashire LA1 2JA3
£155K05/230.17 mi22, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£145K05/210.17 mi94, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£183K08/230.18 mi11, Lambert Road, Lancaster, Lancashire LA1 2NA3
£192K09/230.19 mi29, Tan Hill Drive, Lancaster, Lancashire LA1 2JB3
£125K08/230.19 mi27, Broadway, Lancaster, Lancashire LA1 2BX3
£185K06/210.19 mi28, Clare Road, Lancaster, Lancashire LA1 2LU3
£182K03/210.19 mi35, Noel Road, Lancaster, Lancashire LA1 2LZ3
£75K11/200.2 mi65, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£105K04/230.2 mi77, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£78.5K07/230.2 mi9, Ravens Close, Lancaster, Lancashire LA1 2NT3
£116.5K07/230.2 mi10, Norfolk Street, Lancaster, Lancashire LA1 2BW3
£119K05/210.22 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£188K09/230.22 mi12, Leyburn Road, Lancaster, Lancashire LA1 2HZ3
£200K07/210.22 mi13, Halton Road, Lancaster, Lancashire LA1 2EA3
£250K03/240.22 mi11, Halton Road, Lancaster, Lancashire LA1 2EA3
£95K09/210.23 mi66, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£165K03/240.23 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£114K11/200.23 mi84, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£115K05/230.23 mi34, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£141.5K12/200.23 mi177, Main Street, Lancaster, Lancashire LA1 2DD3
£126K09/210.23 mi15, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£139.9K05/230.23 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£108K01/210.23 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£120K05/210.24 mi32, Edenvale Crescent, Lancaster, Lancashire LA1 2NR3
£128K04/210.24 mi53, Edenvale Crescent, Lancaster, Lancashire LA1 2NR3
£122.5K03/210.27 mi8, Mayfield Avenue, Lancaster, Lancashire LA1 2NX3
£137K12/230.27 mi6, Mayfield Avenue, Lancaster, Lancashire LA1 2NX3
£147K11/200.31 mi5, Edenvale Road, Lancaster, Lancashire LA1 2NN3
£100K09/230.32 mi8, Edenvale Crescent, Lancaster, Lancashire LA1 2NW3
£160K06/230.32 mi4, Edenvale Crescent, Lancaster, Lancashire LA1 2NW3
£200K10/230.32 mi6, Tall Trees, Lancaster, Lancashire LA1 2LD3

Local Rents

17 rents from £750/mo to £950/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£88005/240.1 miVale Road, Lancaster, LA13
£80007/230.13 mi-3
£85008/240.13 mi-3
£87507/240.16 mi-3
£82510/240.16 mi-3
£87505/240.19 miClare Road, Lancaster, LA13
£75004/250.25 miHeronsyke, Lancaster, LA13
£87506/240.28 mi-3
£87505/240.28 miAughton Court, Lancaster, LA13
£87506/240.35 mi-3
£87504/250.35 mi-3
£75005/240.39 miHowgill Avenue, Lancaster3
£95006/240.43 mi-3
£95006/240.43 miBeaumont Place, Lancaster, LA13
£90004/240.44 mi-3
£90004/240.44 miBeaumont Place, Lancaster, LA13
£92505/240.58 miWatery Lane, Lancaster3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £283,000

March 28, 2025

Price changed to £289,000

March 8, 2025

Listed for £295,000

February 1, 2025

Floor Plans

Description

  • 3 Bedroom Victorian Terraced House +
  • A Wealth of Original Features +
  • Modern Kitchen with Integrated Appliances +
  • Two Reception Rooms +
  • Beautiful Original Fireplaces +
  • Gas Central Heating +
  • Modern Bathroom +
  • Walk-in Larder Room +
  • Usefull Loft Room/ Occasional Bedroom +
  • Gardens to The Front & Rear +

This three bedroom, Victorian terraced house has the character and charm of its era and it's original features mix well with the modern fixtures and fittings. It has benefitted from significant renovations and improvements during the last few years including a new kitchen, utility room, pantry, replastering etc. This beautiful home is set over 4 floors and has a home basement gym and a loft office room also with the added benefit of an enclosed rear garden. The property is located north of the river but is also within walking distance of the city centre and all local schools. The Bay Gateway Bypass makes travelling easy to the M6 Motorway, the universities and of course the beautiful Morecambe Bay. The accommodation briefly comprises: vestibule, hallway, sitting room with open fire, dining room, modern fitted kitchen with the original range fire, walk in larder and utility room. To the upper floor there are three generous bedrooms, a bathroom and separate WC. The property has gas central heating, original windows and many original features which include 3 Victorian original fire places in the 3 bedrooms, original fire places downstairs including the original AGA, covings, deep skirting boards and doors. There is a courtyard garden area to the front and a generous sized rear garden which benefits from the summer sun all afternoon. This is a most delightful family home in a great location and early viewing is highly recommended.

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

Agent Details

Sue Bridges, Lancaster

01524 967575

Next Steps?

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