4 Bed Detached House, Refurb/BRRR, Lancaster, LA1 4JY, £385,000

Knowe Hill Crescent | A well-sized home with ample living space and a generous outdoor area., LA1 4JY - a month ago

Refurb/BRRR
~129 m²
+18 photos

ValuationOvervalued

Sold Prices£165K - £640K
Sold Prices/m²£786/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3K/m²

Value Estimate

£299,206

 

 

End Value (After Refurb)

£372,857

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£27,200

Refurb Costs

£52,259

Bridging Loan Interest

£10,106

Total Cash In

£187,565

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£372,857

Mortgage (After Refinance)

£279,643

Mortgage LTV

75%

Cash Left In

£187,565

Equity

£93,214

Rent Range

£490 - £2,800

Rent Estimate

£1,043

Running Costs/mo

£1,394

Cashflow/mo

£-351

Cashflow/yr

£-4,209

Gross Yield

3%

Local Sold Prices

50 sold prices from £165K to £640K, average is £340K. £786/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£282.5K02/210.02 mi2, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY4
£342.5K07/220.02 mi20, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY4
£350K12/200.08 mi14, Barnacre Close, Lancaster, Lancashire LA1 4JZ4
£365K08/210.08 mi19, Barnacre Close, Lancaster, Lancashire LA1 4JZ4
£430K10/220.09 mi6, Bay Horse Drive, Lancaster, Lancashire LA1 4LA4
£170K02/210.12 mi48, Appletree Drive, Lancaster, Lancashire LA1 4QY4
£315K02/230.13 mi32, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ4
£337.5K03/210.17 mi20, Winmarleigh Road, Lancaster, Lancashire LA1 4LG4
£243K03/210.21 mi41, Shireshead Crescent, Lancaster, Lancashire LA1 4LD4
£182K04/230.28 mi47, Ingleton Drive, Lancaster, Lancashire LA1 4QZ4
£360K04/210.32 mi5, The Hawthorns, Lancaster, Lancashire LA1 4PJ4
£410K06/210.34 mi7, Maplewood Gardens, Lancaster, Lancashire LA1 4PE4
£395K07/210.36 mi12, Elmwood Gardens, Lancaster, Lancashire LA1 4PG4
£347.5K06/230.37 mi7, Kempton Road, Lancaster, Lancashire LA1 4LU4
£360K12/200.43 mi7, Ascot Close, Lancaster, Lancashire LA1 4LT4
£475K10/220.43 mi2c, Yealand Drive, Lancaster, Lancashire LA1 4EW4
£450K12/200.43 mi3, Beechwood Gardens, Lancaster, Lancashire LA1 4PH4
£410K04/210.43 mi5, Oakwood Gardens, Lancaster, Lancashire LA1 4PF4
£465K08/220.43 mi8, Oakwood Gardens, Lancaster, Lancashire LA1 4PF4
£478K06/210.52 miCherry Trees, Bailrigg Lane, Bailrigg, Lancaster, Lancashire LA1 4XP4
£640K04/230.52 miWillow House, Bailrigg Lane, Bailrigg, Lancaster, Lancashire LA1 4XP4
£375K06/230.53 mi80, Barton Road, Lancaster, Lancashire LA1 4EL4
£285K06/210.53 mi81, Chequers Avenue, Lancaster, Lancashire LA1 4HZ4
£275K03/210.54 mi117, Scotforth Road, Lancaster, Lancashire LA1 4JN4
£581.3K06/230.56 mi20, Hall Park, Lancaster, Lancashire LA1 4SH4
£402K03/230.56 mi37, Hall Park, Lancaster, Lancashire LA1 4SH4
£250K10/230.58 mi34, Newlands Road, Lancaster, Lancashire LA1 4JF4
£165K03/210.59 mi17, Shaftesbury Place, Lancaster, Lancashire LA1 4PZ4
£252K05/210.59 mi79, Scotforth Road, Lancaster, Lancashire LA1 4SD4
£285K02/210.6 mi2, Barton Road, Lancaster, Lancashire LA1 4ER4
£268K12/210.66 mi35, Chatsworth Road, Lancaster, Lancashire LA1 4SL4
£301K08/230.68 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£250K03/210.68 mi10, Rutland Avenue, Lancaster, Lancashire LA1 4EZ4
£290K05/210.68 mi145, Bowerham Road, Lancaster, Lancashire LA1 4HN4
£262K03/210.7 mi42, Winchester Avenue, Lancaster, Lancashire LA1 4HX4
£320K07/230.71 mi3, Cranwell Avenue, Lancaster, Lancashire LA1 4HW4
£375K11/230.75 mi114, Newlands Road, Lancaster, Lancashire LA1 4JE4
£435K08/230.77 mi7, St Pauls Drive, Lancaster, Lancashire LA1 4SR4
£385K02/230.77 mi11, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£268.5K11/200.77 mi40, Spruce Avenue, Lancaster, Lancashire LA1 5LB4
£357K01/210.79 mi17, Scotforth Road, Lancaster, Lancashire LA1 4TS4
£365K03/210.81 mi10, Lily Grove, Lancaster, Lancashire LA1 4TR4
£635K07/230.82 mi12, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£580.1K11/220.82 mi21, Lindbergh Avenue, Lancaster, Lancashire LA1 5FR4
£310K11/200.87 mi29, Colchester Avenue, Lancaster, Lancashire LA1 4AX4
£255K03/210.89 mi60, Canterbury Avenue, Lancaster, Lancashire LA1 4AU4
£200K11/200.89 mi10, Chelmsford Close, Lancaster, Lancashire LA1 4BJ4
£265K11/200.91 mi14, Cork Road, Lancaster, Lancashire LA1 4BD4
£280K07/210.91 mi16, Lonsdale Place, Lancaster, Lancashire LA1 4BX4
£198.1K08/210.95 mi3, Coulston Road, Lancaster, Lancashire LA1 3AD4

Local Rents

27 rents from £490/mo to £2.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,02505/240.48 miAshford Close, Lancaster3
£95005/240.54 mi-3
£97504/240.55 mi-3
£52505/240.7 miWinchester Avenue, Lancaster, LA13
£1,10003/240.8 miBowerham Road, Lancaster3
£90004/240.81 miSt. Pauls Road, Lancaster3
£70004/240.83 miDorrington Road, Lancaster, LA13
£95005/240.84 miWellington Road, Lancaster3
£98012/240.86 mi-3
£1,10004/240.86 mi-3
£49005/240.9 mi1, Coulston Road, Lancaster7
£80004/240.9 miHastings Road, Lancaster, LA13
£1,09504/240.91 miKensington Road, Lancaster3
£99505/240.91 miKensington Road, Lancaster3
£1,09504/240.91 miKensington Road, Lancaster3
£99505/240.91 miKensington Road, Lancaster3
£2,08007/240.92 mi-4
£53305/240.93 mi20, Newsham Road, Lancaster3
£85005/240.93 miKensington Road, Lancaster, LA13
£92505/240.95 miAvondale Road, Lancaster3
£2,80003/250.96 mi-3
£1,56007/240.98 mi-3
£55905/240.98 mi65, Coulston Road, Lancaster4
£99505/241.01 miWest Street, Lancaster, LA1 4UJ3
£1,00005/241.02 miSomerset Avenue, Lancaster3
£99512/241.16 mi-3
£1,20003/251.23 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.34 miles away

Nearest school

0.50 miles away

Nearest train station

1.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £385,000

March 1, 2025

Floor Plans

Description

  • Detached house with four bedrooms (two doubles) +
  • Open-plan kitchen diner with attached large porch +
  • Off-road parking with driveway +
  • Ground-floor WC and family bathroom, with additional WC on the first floor +
  • Large wraparound garden offering outdoor potential +
  • Large corner plot - Privet hedges provide privacy +
  • Separate living room and TV lounge +
  • Detached Garage +

Location Welcome to Knowe Hill Crescent, a well-regarded residential area offering a comfortable and practical place to live. The neighbourhood is well-established and well-connected, making it a convenient choice for a variety of buyers. The area provides a range of local amenities, including supermarkets like Booths, Aldi, and Sainsbury’s, as well as schools and excellent transport links. A nearby cycle track offers direct access to Lancaster University, while bus and road connections make commuting to the city centre and beyond easy. The M6 motorway is also within close reach for those travelling further afield. Williamsons Park, home to the iconic Ashton Memorial and 54 acres of open space, is just a short distance away, featuring walking trails, a café, and stunning city views. With Morecambe Bay and the Forest of Bowland nearby, Knowe Hill Crescent offers both convenience and access to scenic outdoor spaces. Property Details This detached four-bedroom home offers a spacious and practical layout with excellent potential for improvement. The property sits on a generous plot with a wraparound garden and provides well-proportioned living spaces throughout. The ground floor features an open-plan kitchen diner with ample worktop and storage space, along with an adjoining large porch that provides access to the rear garden. There are two reception rooms, including a TV lounge and a separate living room, offering flexibility for family living. A ground-floor WC is also included, adjacent is the family bathroom is fitted with a bath, basin and shower. Upstairs, there are four bedrooms, two of which are doubles and an additional WC. The layout is functional, with the potential for reconfiguration if desired. Externally, the front garden is neatly maintained, with a pathway leading to the entrance. The rear garden offers a combination of lawn and paved areas, providing ample space for outdoor use. There is potential to enhance or extend the outdoor space to suit individual needs. The property provides a solid foundation for modernisation. The layout is practical, and the space available makes it a good option for those looking to create a long-term home. This is a freehold property Key Features

  • Large corner plot - Privet hedges provide privacy

  • Separate living room and TV lounge

  • Providing an excellent renovation opportunity

  • Large wraparound garden offering outdoor potential

  • Ground-floor WC and family bathroom, with additional WC on the first floor

  • Off-road parking with driveway

  • Open-plan kitchen diner with attached large porch

  • Detached House with Four Bedrooms | Two Doubles

EPC Rating: D

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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