2 Bed Flat, Single Let, Lancaster, LA1 2LB, £145,000

7 Hornby Court, Beaumont Park, Lancaster, Lancashire, LA1 2LB - 2 months ago

Sold STC
Leasehold
BTL
ROI: 1%
45 m²
+14 photos

ValuationOvervalued

Sold Prices£50K - £259K
Sold Prices/m²£915/m² - £2.6K/m²

 

 

Square Metres

45 m²
Price/m²£3.2K/m²

Value Estimate

£69,929

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£600 - £1,025

Rent Estimate

£650

Running Costs/mo

£603

Cashflow/mo

£47

Cashflow/yr

£563

ROI

1%

Gross Yield

5%

Local Sold Prices

24 sold prices from £50K to £259K, average is £93.5K. £915/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£120K04/210.1 mi2, Tall Trees, Lancaster, Lancashire LA1 2LD2
£79K01/210.25 mi17, Greenset Close, Lancaster, Lancashire LA1 2PN2
£88K06/230.25 mi7, Greenset Close, Lancaster, Lancashire LA1 2PN2
£110K12/220.4 mi29, Bank Road, Lancaster, Lancashire LA1 2DG2
£98K07/210.4 mi35, Bank Road, Lancaster, Lancashire LA1 2DG2
£80K11/200.41 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£80K11/200.41 mi52, Watery Lane, Lancaster, Lancashire LA1 2SL2
£115K03/210.47 mi36, Woodlands Road, Lancaster, Lancashire LA1 2EN2
£51K07/210.68 miFlat 2b, Ellershaw House, Mainway, Lancaster, Lancashire LA1 2BD2
£50K06/210.72 miFlat 3c, Frankland House, Mainway, Lancaster, Lancashire LA1 2BA2
£70K01/240.72 miFrankland House, Flat 3c, Mainway, Lancaster, Lancashire LA1 2BA2
£89K01/210.83 mi18, Leycester Drive, Lancaster, Lancashire LA1 5HW2
£259K08/210.93 mi58, Slyne Road, Morecambe, Lancashire LA4 6PD2
£67K12/220.96 mi3, Herlebeck Rise, Lancaster, Lancashire LA1 3HU2
£83K02/230.96 mi9, Herlebeck Rise, Lancaster, Lancashire LA1 3HU2
£69.5K10/210.97 mi10, Monthall Rise, Lancaster, Lancashire LA1 3HX2
£54K03/210.97 mi5, Monthall Rise, Lancaster, Lancashire LA1 3HX2
£134K08/230.98 mi10, Waterside, Lancaster, Lancashire LA1 1AY2
£148K10/230.98 mi23, Waterside, Lancaster, Lancashire LA1 1AY2
£155K09/210.98 mi25, Waterside, Lancaster, Lancashire LA1 1AY2
£117K05/230.98 mi44, Waterside, Lancaster, Lancashire LA1 1AY2
£150K02/210.98 mi22, Waterside, Lancaster, Lancashire LA1 1AY2
£120K12/220.99 mi10, Dallas Court, Morecambe, Lancashire LA4 6NN2
£108K12/220.99 mi2, Grebe Wharf, Lancaster, Lancashire LA1 1EJ2

Local Rents

50 rents from £600/mo to £1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£65005/240.07 miBeaumont Park, Lancaster, LA12
£65004/240.35 miAshbourne Road, Lancaster2
£65005/240.38 miAlexandra Road, Lancaster2
£69506/240.38 mi-2
£67503/240.41 miAlexandra Road, Lancaster, LA12
£60005/240.43 miAlexandra Road, Lancaster, LA12
£65003/240.47 mi-2
£69505/240.49 miBroadway, Lancaster2
£71505/240.79 mi-2
£95005/240.8 miRiver View Apartments, Lancaster, LA12
£70004/240.84 miEarl Street, Lancaster, LA12
£99512/240.86 mi-2
£89505/240.88 mi-2
£75004/240.89 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.89 miBridge Square Apartments, Kingsway, Lancaster, LA12
£90005/240.93 mi-2
£90012/240.98 mi-2
£87505/240.98 miDamside Street, Lancaster2
£97504/240.98 miLune Square, Damside Street2
£94505/240.98 miLune Square, Lancaster, LA12
£89505/240.98 miLune Square, Lancaster, LA12
£75005/241.01 miWater Street, Lancaster, LA12
£99505/241.04 miLune Road, Lancaster2
£85004/241.05 miSwallow Wharf, Troutbeck Road, Lancaster2
£89501/251.06 mi-2
£95012/241.09 mi-2
£67504/241.1 miAtherton Road, Lancaster, LA12
£85001/251.1 mi-2
£75005/241.11 miCromwell Building, Lancaster, LA12
£85004/241.11 mi-2
£75006/241.11 mi-2
£85005/241.13 miCowdrey Mews, Lancaster, LA12
£82506/241.14 miCastle Park Mews, Chennell House Castle Park Mews, LA12
£80008/241.14 miLancaster Road, Torrisholme, Morecambe2
£1,02504/241.14 miCastle Park, Lancaster 2
£95006/241.15 miNew Quay Road, Lancaster2
£90010/241.15 mi-2
£89506/241.18 mi-2
£92505/241.18 miWhitbarrow Square, Lancaster, LA12
£92506/241.18 miWhitbarrow Square, Lancaster, LA12
£99505/241.18 mi27 Castle Hill, Lancaster2
£95004/241.19 mi-2
£90006/241.19 miCastle Park Mews, Lancaster2
£90001/251.2 mi-2
£75006/241.2 mi-2
£79504/241.21 mi-2
£87502/251.21 mi-2
£75004/251.21 mi-2
£75009/241.22 mi-2
£75008/241.22 miMorecambe, Morecambe, LA32

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.85 miles away

Nearest school

0.10 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £145,000

February 11, 2025

Floor Plans

Description

A truly splendid two bedroom ground floor home, which has been tastefully designed and appointed throughout. With two spacious reception rooms, a superb modern kitchen and a stylish modern shower room. An enclosed rear yard provides the perfect backdrop for enjoying a warm summers day, with allocated parking to complement. Simply superb. Sounds perfect? Why not take a closer look?

Inside The Home - A modern two bedroom ground floor apartment, located in a highly accessible yet discreet position. Tastefully designed with style and comfort in mind, the welcoming entrance hall leads into a delightfully appointed home. With a cosy Living Room with feature fireplace, a well thought out kitchen providing ample space for storage, and preparation space to create delicious dishes. A spacious conservatory provides the perfect backdrop for entertaining friends and family, whilst two spacious bedrooms with fitted storage and a stylish three-piece shower room complete this special home.

Let's Take A Closer Look At The Kitchen - This modern kitchen is compact yet perfectly formed to provide purchasers with ample space. Fitted with a range of wall and base units with a complementary worktop over and built in appliances which include a freestanding cooker with four ring electric hob (available via separate negotiation) and an extractor hood above, as well plumbing for a washing machine and space for a fridge freezer. A modern Valiant gas central heating boiler to completes this stunning room.

Let's Step Outside - The property has a small stoned chipped garden to the front, beautifully framing the front elevation of this home. With planted borders, a pathway to the side provides access to the rear garden. To the rear, an easy to maintain paved garden can be found providing the perfect back drop for a quiet morning coffee on a warm summers day. There is also an allocated parking space which comes with the property directly opposite for ease of parking.

The Location - Hornby Court is nestled in a quiet area of Beaumont Park and lies close to amenities such as local convenience shops, schools as well as a local doctors surgery and pharmacy. With excellent public transport links including local bus services providing easy access to the city of Lancaster, and two motorway access points with the Bay Gateway and Junction 34 of the M6, this home is perfect for those who commute. Local idyllic walks are accounted for, with the historic Lancaster Canal a short stroll away and access to the surrounding countryside.

Services - The property has gas central heating serviced by a wealth of fitted radiators. The windows are double glazed and water and drainage are both mains provided.

Tenure - The property is Leasehold. Title number LA759204. The property is held on the balance of a 999 year lease from 17th February 1995, with a peppercorn rent. There is a shared agreement for the upkeep go the roof, which is split equally between to the two properties.

Council Tax - This home is Band A under Lancaster City Council.

Viewings - Strictly by appointment via Houseclub Estate Agency.

Energy Performance Certificate - View online or for more information contact our office for details.

Agent Details

Houseclub, Lancaster

01524 969718

Next Steps?

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