3 Bed Semi-Detached House, Planning Permission, Lancaster, LA1 4HZ, £275,000

Chequers Avenue, Lancaster | Three Bedroom Semi Detached House, LA1 4HZ - 2 views - 3 months ago

Planning
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£155K - £315K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£208,659

 

 

End Value (After Refurb)

£257,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£37,600

Bridging Loan Interest

£7,219

Total Cash In

£126,019

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£257,625

Mortgage (After Refinance)

£193,219

Mortgage LTV

75%

Cash Left In

£126,019

Equity

£64,406

Rent Range

£525 - £2,800

Rent Estimate

£1,127

Running Costs/mo

£1,050

Cashflow/mo

£77

Cashflow/yr

£918

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £155K to £315K, average is £212K. £1.7K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£175K10/210.02 mi24, Chequers Avenue, Lancaster, Lancashire LA1 4HZ3
£185K07/210.05 mi213, Bowerham Road, Lancaster, Lancashire LA1 4JP3
£240K04/210.06 mi101, Chequers Avenue, Lancaster, Lancashire LA1 4JA3
£215K08/230.15 mi30, Newlands Avenue, Lancaster, Lancashire LA1 4HU3
£215K12/200.16 mi74, Winchester Avenue, Lancaster, Lancashire LA1 4HX3
£310K09/230.16 mi63a, Winchester Avenue, Lancaster, Lancashire LA1 4HX3
£207.5K03/210.25 mi4, Steward Avenue, Lancaster, Lancashire LA1 4HP3
£230K02/210.28 mi5, The Spinney, Lancaster, Lancashire LA1 4JQ3
£237.5K03/230.28 mi10, Gloucester Avenue, Lancaster, Lancashire LA1 4ES3
£200.1K11/200.29 mi14, Gloucester Avenue, Lancaster, Lancashire LA1 4ES3
£206.8K02/210.31 mi53, Cork Road, Lancaster, Lancashire LA1 4AY3
£185K02/210.31 mi61, Cork Road, Lancaster, Lancashire LA1 4AY3
£195K11/200.31 mi59, Cork Road, Lancaster, Lancashire LA1 4AY3
£295K05/230.31 mi47, Cork Road, Lancaster, Lancashire LA1 4AY3
£227.5K06/230.32 mi26, Rutland Avenue, Lancaster, Lancashire LA1 4EZ3
£200K12/220.33 mi22, Rutland Avenue, Lancaster, Lancashire LA1 4EZ3
£280K05/230.33 mi17, Colchester Avenue, Lancaster, Lancashire LA1 4AX3
£257.8K10/230.35 mi26, Shrewsbury Drive, Lancaster, Lancashire LA1 4BA3
£190K03/210.36 mi52, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£232.5K10/230.36 mi42, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£190K11/200.36 mi42, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£250K01/240.36 mi30, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£254K02/240.37 mi4, Warwick Avenue, Lancaster, Lancashire LA1 4HB3
£235K09/210.37 mi38, Rutland Avenue, Lancaster, Lancashire LA1 4EX3
£260K02/230.37 mi38, Rutland Avenue, Lancaster, Lancashire LA1 4EX3
£300K08/210.37 mi49b, Canterbury Avenue, Lancaster, Lancashire LA1 4AU3
£185K03/210.37 mi58, Canterbury Avenue, Lancaster, Lancashire LA1 4AU3
£175K01/210.37 mi53, Canterbury Avenue, Lancaster, Lancashire LA1 4AU3
£155K08/210.38 mi75, Ingleton Drive, Lancaster, Lancashire LA1 4QZ3
£205K03/210.38 mi103, Bowerham Road, Lancaster, Lancashire LA1 4HJ3
£211.5K02/230.38 mi18, Ingleton Drive, Lancaster, Lancashire LA1 4RA3
£260K02/240.39 mi16, Windsor Avenue, Lancaster, Lancashire LA1 4BE3
£168K06/210.42 mi3, York Road, Lancaster, Lancashire LA1 4DW3
£187.5K11/200.43 mi20, York Road, Lancaster, Lancashire LA1 4DW3
£192.5K02/230.44 mi4, Ulster Road, Lancaster, Lancashire LA1 4AH3
£236K01/210.44 mi68, Gloucester Avenue, Lancaster, Lancashire LA1 4EF3
£260K03/210.44 mi59, Gloucester Avenue, Lancaster, Lancashire LA1 4EF3
£217K11/210.44 mi80, Bowerham Road, Lancaster, Lancashire LA1 4DR3
£167K06/210.44 mi27, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£182.5K07/230.44 mi18, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£250K11/230.44 mi42, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£172K03/210.45 mi18, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£315K09/230.45 mi20, Durham Avenue, Lancaster, Lancashire LA1 4ED3
£272K11/230.45 mi4, Devon Place, Lancaster, Lancashire LA1 4EG3
£212.5K01/240.46 mi69, Ulster Road, Lancaster, Lancashire LA1 4AH3
£166.5K09/210.46 mi38, Ulster Road, Lancaster, Lancashire LA1 4AH3
£210K08/230.46 mi75, Ulster Road, Lancaster, Lancashire LA1 4AH3
£220K03/210.47 mi12, Wakefield Drive, Lancaster, Lancashire LA1 4EJ3
£173K11/200.48 mi54, Wellington Road, Lancaster, Lancashire LA1 4DN3
£174K12/200.48 mi50, Wellington Road, Lancaster, Lancashire LA1 4DN3

Local Rents

11 rents from £525/mo to £2.8K/mo, average is £980/mo.

RentDateDistanceAddressBeds 
£52505/240.16 miWinchester Avenue, Lancaster, LA13
£1,25004/250.33 mi-3
£1,10003/240.4 miBowerham Road, Lancaster3
£98012/240.43 mi-3
£95005/240.49 miWellington Road, Lancaster3
£53305/240.53 mi20, Newsham Road, Lancaster3
£2,80002/250.56 mi-3
£92505/240.58 miAvondale Road, Lancaster3
£1,56007/240.58 mi-3
£90004/240.61 miSt. Pauls Road, Lancaster3
£1,00005/240.62 miSomerset Avenue, Lancaster3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.15 miles away

Nearest school

0.10 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £275,000

February 10, 2025

Floor Plans

Description

  • Three-bedroom semi-detached home +
  • Large rear extension with open-plan kitchen diner +
  • Spacious living room with feature fireplace +
  • Two double bedrooms on the ground floor +
  • Modern three-piece bathroom (fitted four years ago) +
  • First-floor master bedroom with built-in storage and attic access +
  • Tiered garden with newly built deck and panoramic views +
  • UPVC double-glazed and Gas Central Heating +

Location Welcome to Chequers Avenue – a well-regarded residential location in Lancaster, offering a blend of convenience and a welcoming community atmosphere. Chequers Avenue is well-connected, with excellent transport links to Lancaster city centre, the university, and the M6 motorway. Nearby, you’ll find a range of shops, supermarkets, and eateries, along with reputable schools and healthcare facilities. For outdoor enthusiasts, Williamson Park, the scenic River Lune, and cycle paths provide excellent opportunities for leisure and relaxation. With Lancaster’s historic city centre just a short distance away, residents can enjoy a vibrant mix of independent shops, cafés, and cultural attractions. Whether you’re commuting, raising a family, or simply looking for a well-placed home, Chequers Avenue offers a great balance of accessibility and local appeal. Property Description This extended three-bedroom semi-detached home offers spacious and versatile living, enhanced by a substantial rear extension completed in 2021. The property is elevated on the left-hand side of Chequers Avenue, with steps leading to the front door. Inside, the entrance leads into an L-shaped hallway, which connects to a spacious lounge with a feature fireplace. The open-plan kitchen diner, created as part of the extension, includes shaker-style units, ample worktop space, and a dedicated dining area. French doors open to the rear garden, allowing plenty of natural light. The ground floor also houses two double bedrooms and a modern three-piece bathroom suite in white, fitted just four years ago. Upstairs, the first floor comprises a large L-shaped master bedroom, complete with built-in wardrobes and a walk-in attic providing ample storage. Externally, the tiered garden leads up to a newly built deck with glass balustrades, offering views over Lancaster. The property also benefits from approved planning permission to further extend the first floor, presenting an excellent opportunity for future development. This is a freehold property.  Key Features

  • Three-bedroom semi-detached home

  • Large rear extension with open-plan kitchen diner

  • Spacious living room with feature fireplace

  • Two double bedrooms on the ground floor

  • Modern three-piece bathroom (fitted four years ago)

  • First-floor master bedroom with built-in storage and attic access

  • Tiered garden with newly built deck and panoramic views

  • UPVC double-glazed and Gas Central Heating

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 💪

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