3 Bed Semi-Detached House, Refurb/BRRR, Lancaster, LA2 8BE, £299,950

Clapham Road, Austwick, Lancaster, North Yorkshire, LA2 8BE - 2 views - a month ago

Sold STC
Refurb/BRRR
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£179.5K - £485K
Sold Prices/m²£2.5K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£236,088

 

 

End Value (After Refurb)

£304,500

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£12,696

Refurb Costs

£37,558

Bridging Loan Interest

£7,874

Total Cash In

£134,865

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£304,500

Mortgage (After Refinance)

£228,375

Mortgage LTV

75%

Cash Released

£3,413

Cash Left In

£131,453

Equity

£76,125

Rent Range

£700 - £800

Rent Estimate

£767

Running Costs/mo

£1,125

Cashflow/mo

£-358

Cashflow/yr

£-4,296

Gross Yield

3%

Local Sold Prices

5 sold prices from £179.5K to £485K, average is £408K.

PriceDateDistanceAddressBeds 
£485K01/230.4 miVictoria Lodge, Town Head, Austwick, Lancaster, North Yorkshire LA2 8BS3
£408K07/211.42 miLow Lea, The Green, Clapham, Lancaster, North Yorkshire LA2 8EH3
£410K06/231.51 miWestavon, Cross Haw Lane, Clapham, Lancaster, North Yorkshire LA2 8DZ3
£376K11/201.52 miStockdale House, Feizor, Austwick, Lancaster, North Yorkshire LA2 8DF3
£179.5K03/212.48 mi10, Foredale Cottages, Horton In Ribblesdale, Settle, North Yorkshire BD24 0EP3

Local Rents

4 rents from £700/mo to £800/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£70007/231.48 mi-2
£80010/241.48 mi-2
£80003/251.48 mi-2
£80002/251.49 mi-2

Local Area Statistics

Population in LA2

21,979

Population in Lancaster

74,075

Town centre distance

18.84 miles away

Nearest school

0.30 miles away

Nearest train station

2.08 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £299,950

February 27, 2025

Floor Plans

Description

  • Three bedrooms +
  • Off street parking +
  • Splendid views to rear +
  • Gardens to front and rear +
  • Ground floor wc +
  • In need of some refurbishment +

A three bedroom semi detached house located in the popular village of Austwick. The property has off street parking, oil fired central heating and gardens to front and rear.

A three bedroom semi-detached property which is situated in an excellent location and will certainly appeal to a range of buying groups. An early viewing is strongly encouraged. The house is set well back from the road, with a pleasing front elevation and the layout features entrance hallway, dual aspect living /dining room with inset electric fire, kitchen with a range of fitted wall and base units, plus ground floor wc, with two double bedrooms, a single bedroom, and shower room above.

Externally there are pleasant gardens to front and rear with a private driveway providing off street parking.

Austwick is a 'Picture Postcard' village set amidst the scenic countryside of the Yorkshire Dales National Park and with immediate access to a wide variety of interesting walks. Village amenities include a Church, post office/shop, primary school, bus service and recreational facilities, there is a traditional inn as well as country house hotel restaurant. The market town of Settle is within approximately five miles and offers a wide range of shops and other amenities including a good choice of shops with modern Booths supermarket, schools catering for all age groups, the renowned public school at neighbouring Giggleswick along with sports clubs, swimming pool and a railway station with services operating between Leeds and Carlisle. The town is some 15 miles to the north of Skipton and a similar distance from Kirkby Lonsdale with access beyond to the motorway network and Lake District.

Services
Mains electricity, drainage and water are installed. Domestic heating is from a oil fired boiler.

Parking
Off road parking to front.

Tenure
Freehold
Located within the Yorkshire Dales National Park

Council Tax
Band D

Internet & Mobile Coverage
The Ofcom website shows internet available from at least 1 provider. Outdoor mobile coverage (excl 5G) likely from at least 1 of the UK’s 4 main providers. Results are predictions not a guarantee & may differ subject to circumstances, exact location & network outages.

Flooding
Check for flooding in England - GOV.UK indicate the long term flood risks for this property are: - Surface Water - Very low, Rivers & the Sea - Very low; Groundwater - Flooding from groundwater is unlikely in this area; Reservoir - Flooding from reservoirs is unlikely in this area.

Proceed into the centre of the village and follow the road round to the left on to the Clapham Road. Proceed for approximately 300 yards and the property is located on the left hand side.

Agent Details

Dacre Son & Hartley, Settle

01729 811298

Next Steps?

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