2 Bed Terraced House, Single Let, Lancaster, LA1 2BU, £70,000

Broadway, Lancaster, LA1 2BU - 3 months ago

Auction
BTL
ROI: 14%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£86,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£600 - £995

Rent Estimate

£631

Running Costs/mo

£365

Cashflow/mo

£266

Cashflow/yr

£3,193

ROI

14%

Gross Yield

11%

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 
£75K02/230.02 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£105K11/230.03 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£125K05/230.04 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£89K04/230.04 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.04 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£95K12/200.07 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.07 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£115K01/230.07 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£82.5K04/210.07 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£106.5K11/220.12 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£73.9K03/210.17 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.17 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£85K11/210.2 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
£79K12/200.22 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.22 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£127K11/230.23 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.23 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£166K02/230.24 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£140K03/210.27 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£110K04/210.27 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£117K08/210.34 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
£145K02/230.38 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.38 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.38 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.38 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.38 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£128.5K01/230.38 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K03/210.39 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£124K02/210.43 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.43 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£76K04/210.45 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£127.5K01/230.45 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£121.5K03/240.46 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£125K12/210.46 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£108K11/200.47 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£140K03/230.49 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£137.5K02/240.49 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£126K05/230.52 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£138.9K06/230.52 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£102K03/230.55 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£165K07/230.56 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£282.5K11/200.58 mi62, Green Lane, Lancaster, Lancashire LA1 2EZ2
£145K09/230.62 mi16, Denis Street, Lancaster, Lancashire LA1 1QX2
£117.5K03/240.62 mi10, Denis Street, Lancaster, Lancashire LA1 1QX2
£160K03/240.66 mi26, Nun Street, Lancaster, Lancashire LA1 3PJ2
£185K06/210.66 mi5, Garnet Street, Lancaster, Lancashire LA1 3PN2

Local Rents

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

RentDateDistanceAddressBeds 
£69505/240.01 miBroadway, Lancaster2
£65003/240.07 mi-2
£60005/240.15 miAlexandra Road, Lancaster, LA12
£65004/240.16 miAshbourne Road, Lancaster2
£67503/240.17 miAlexandra Road, Lancaster, LA12
£65005/240.19 miAlexandra Road, Lancaster2
£75004/250.2 mi-2
£69506/240.22 mi-2
£71505/240.31 mi-2
£70004/240.39 miEarl Street, Lancaster, LA12
£75004/240.41 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.41 miBridge Square Apartments, Kingsway, Lancaster, LA12
£95005/240.49 miRiver View Apartments, Lancaster, LA12
£89505/240.5 mi-2
£65005/240.51 miBeaumont Park, Lancaster, LA12
£85004/240.56 miSwallow Wharf, Troutbeck Road, Lancaster2
£90012/240.57 mi-2
£75005/240.57 miWater Street, Lancaster, LA12
£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
£99512/240.61 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £70,000

February 16, 2025

Price changed to £80,000

February 12, 2025

Listed for £70,000

February 5, 2025

Description

  • A stone built end terrace property +
  • uPVC double glazed, Gas Central Heating +
  • Fitted kitchen +
  • Two double bedrooms +
  • Enclosed rear yard +
  • Council Tax Band A +
  • Situated north of Lancaster city centre +
  • Ideal first time or Investors. +
  • Offered for sale with NO CHAIN +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £80000

A stone fronted two bedroom end terraced house situated north of Lancaster City Centre. The property is uPVC double glazed, gas central heated from a combination boiler, and briefly comprises: front entrance, lounge, fitted kitchen, ground floor three piece bathroom suite, first floor landing, two double bedrooms. Outside the property, there is a low maintenance enclosed rear yard. Of interest we feel this property is ideally suited for first time buyers and buy-to-let investors with NO UPWARD CHAIN.

Situated within walking distance of numerous local shopping amenities in Lancaster City Centre, Sainsburys superstore, Lancaster Bus station and bus routes, Ryelands Park, and offers easy access to surrounding areas by The Bay gateway to the M6 motorway links.

Agent Details

Hayley Baxter Sales & Lettings, Morecambe

01522 303078

Next Steps?

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