3 Bed Terraced House, Single Let, Lancaster, LA1 3LF, £140,000

Keswick Road, Lancaster, Lancashire, LA1 3LF - 2 views - 3 months ago

BTL
ROI: 7%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£80K - £290K
Sold Prices/m²£909/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£168,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£650 - £1,500

Rent Estimate

£875

Running Costs/mo

£633

Cashflow/mo

£243

Cashflow/yr

£2,910

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £290K, average is £161K. £909/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£270K10/210.04 mi36, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG3
£280K11/230.04 mi7, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG3
£235K03/230.04 mi3, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG3
£235K03/210.04 mi17, Esthwaite Gardens, Lancaster, Lancashire LA1 3RG3
£117K07/210.11 mi53, Crag Road, Lancaster, Lancashire LA1 3LS3
£149.9K03/210.11 mi29, Crag Road, Lancaster, Lancashire LA1 3LS3
£130K01/210.11 mi47, Crag Road, Lancaster, Lancashire LA1 3LS3
£156K03/230.15 mi68, Ambleside Road, Lancaster, Lancashire LA1 3HT3
£145K02/230.15 mi24, Ambleside Road, Lancaster, Lancashire LA1 3HT3
£162K02/240.18 mi80, Patterdale Road, Lancaster, Lancashire LA1 3HS3
£145K03/230.19 mi38, Lyth Road, Lancaster, Lancashire LA1 3LP3
£190K10/230.19 mi40, Lyth Road, Lancaster, Lancashire LA1 3LP3
£185K07/210.2 mi22, Kentmere Road, Lancaster, Lancashire LA1 3JS3
£130K05/230.22 mi53, Thirlmere Road, Lancaster, Lancashire LA1 3LL3
£190K03/230.22 mi5, Kentmere Road, Lancaster, Lancashire LA1 3HG3
£219.9K03/230.23 mi21, Troutbeck Road, Lancaster, Lancashire LA1 3HQ3
£136.5K07/210.23 mi22, Troutbeck Road, Lancaster, Lancashire LA1 3HQ3
£182K01/230.24 mi119, Keswick Road, Lancaster, Lancashire LA1 3LW3
£136K01/210.25 mi81, Patterdale Road, Lancaster, Lancashire LA1 3LZ3
£175.3K12/230.25 mi81, Patterdale Road, Lancaster, Lancashire LA1 3LZ3
£145K04/230.25 mi1, Langdale Road, Lancaster, Lancashire LA1 3NT3
£290K09/230.25 mi33, Windermere Road, Lancaster, Lancashire LA1 3EX3
£200K10/230.26 mi10, Borrowdale Road, Lancaster, Lancashire LA1 3PW3
£265K11/200.29 mi16, Ullswater Road, Lancaster, Lancashire LA1 3PP3
£270K08/230.29 mi15, Ullswater Road, Lancaster, Lancashire LA1 3PP3
£115K01/230.3 mi51, Coniston Road, Lancaster, Lancashire LA1 3NJ3
£140K01/230.3 mi22, Hinde Street, Lancaster, Lancashire LA1 1DX3
£143K06/210.32 mi17, Wolseley Street, Lancaster, Lancashire LA1 3PH3
£167K03/210.33 mi91, Windermere Road, Lancaster, Lancashire LA1 3EZ3
£241K04/230.33 mi80, Windermere Road, Lancaster, Lancashire LA1 3EZ3
£242K08/210.33 mi84, Grasmere Road, Lancaster, Lancashire LA1 3HB3
£256.5K11/210.36 mi84, Ullswater Road, Lancaster, Lancashire LA1 3PS3
£195K06/210.36 mi66, Ullswater Road, Lancaster, Lancashire LA1 3PS3
£155K04/210.36 mi38, Langdale Road, Lancaster, Lancashire LA1 3NR3
£152K03/230.36 mi45, Langdale Road, Lancaster, Lancashire LA1 3NR3
£140K02/240.36 mi134, Ambleside Road, Lancaster, Lancashire LA1 3ND3
£186K08/230.36 mi178, Ambleside Road, Lancaster, Lancashire LA1 3ND3
£173.7K01/240.36 mi212, Ambleside Road, Lancaster, Lancashire LA1 3ND3
£259K12/200.37 mi22, Rydal Road, Lancaster, Lancashire LA1 3HA3
£160K06/230.38 mi67, Coniston Road, Lancaster, Lancashire LA1 3NW3
£80K07/230.41 mi25, Alfred Street, Lancaster, Lancashire LA1 1QN3
£145K09/230.41 mi24, Williamson Road, Lancaster, Lancashire LA1 3QA3
£125K04/230.42 mi17, Park Square, Lancaster, Lancashire LA1 3EH3
£160K06/230.48 mi20, Moor Close, Lancaster, Lancashire LA1 3QP3
£152.5K11/230.48 mi27, Moor Close, Lancaster, Lancashire LA1 3QP3
£139K06/230.5 mi9, St Peters Mews, Lancaster, Lancashire LA1 3QR3
£158K04/210.53 mi12, Chelsea Mews, Lancaster, Lancashire LA1 2AS3
£180K09/230.53 mi17, Chelsea Mews, Lancaster, Lancashire LA1 2AS3
£169.9K03/210.58 mi51, Kirkes Road, Lancaster, Lancashire LA1 3DW3
£141.5K12/200.6 mi177, Main Street, Lancaster, Lancashire LA1 2DD3

Local Rents

14 rents from £650/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,50008/230.26 mi-3
£1,40004/240.26 mi-3
£1,25007/240.26 mi-3
£1,10009/240.26 mi-3
£1,15004/250.26 mi-3
£97504/240.36 miEllwood Square, Lancaster3
£65004/240.53 miCable Street, Lancaster, LA13
£95004/240.55 miBalmoral Road, Lancaster, LA13
£1,10005/240.55 miBalmoral Road, Lancaster3
£85005/240.57 miKirkes Road, Lancaster, LA13
£1,05002/240.58 mi-3
£90006/240.58 mi-3
£90005/240.58 miCromwell Building, Lancaster, LA13
£95005/240.58 miCromwell Building, Lancaster, LA13

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £140,000

February 7, 2025

Floor Plans

Description

  • Three bedroom mid terraced house +
  • Fantastic views to the front towards The Lake District hills +
  • Opportunity to renovate +
  • Two reception rooms and kitchen diner +
  • Utility room +
  • Lawned rear garden +
  • SOLD WITH NO CHAIN DELAY +

Set on an elevated plot, this much-loved terraced home boasts breathtaking views stretching far beyond Lancaster to the rolling hills of the Lake District. Now ready for a full makeover and interior upgrade, it offers an exciting opportunity for a new owner to create something special.

The property is generously sized, featuring a front lounge, a separate dining room, and a spacious kitchen diner. A useful utility room, with its own front access, adds to the practicality; something many homes in this popular area benefit from. It's like having an inside garage! Ideal for coats, shoes and outdoor hobby items - plus it keeps washing machines and dryers out of the kitchen.

Upstairs, you'll find three well-proportioned bedrooms and a shower room, while a good-sized rear garden completes the package.

Priced at fair market value and sold chain-free, this home is packed with potential. If you're looking for a solid investment or a chance to put your own stamp on a property, this is one not to be missed!

Agent Details

Entwistle Green, Lancaster

01524 938270

Next Steps?

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