2 Bed Terraced House, Refurb/BRRR, Lancaster, LA1 4TG, £185,000

Dorrington Road, Greaves | Extended period home with west facing garden, LA1 4TG - 1 views - a month ago

Sold STC
Refurb/BRRR
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£104.5K - £390K
Sold Prices/m²£1.2K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£149,828

 

 

End Value (After Refurb)

£183,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£27,537

Bridging Loan Interest

£4,856

Total Cash In

£90,844

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,750

Mortgage (After Refinance)

£137,813

Mortgage LTV

75%

Cash Left In

£90,844

Equity

£45,938

Rent Range

£498 - £1,000

Rent Estimate

£762

Running Costs/mo

£747

Cashflow/mo

£15

Cashflow/yr

£185

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £104.5K to £390K, average is £140K. £1.2K/m² to £4.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£162K01/210.02 mi50, Dorrington Road, Lancaster, Lancashire LA1 4TG2
£147K03/210.02 mi52, Dorrington Road, Lancaster, Lancashire LA1 4TG2
£148K04/230.05 mi14, Franklin Street, Lancaster, Lancashire LA1 4TA2
£179.9K10/230.1 mi16, Broyd View, Lancaster, Lancashire LA1 4WF2
£131K05/210.11 mi45, Dorrington Road, Lancaster, Lancashire LA1 4TB2
£138K12/200.12 mi2, Gillow Court, Lancaster, Lancashire LA1 4UA2
£140K03/210.12 mi9, Gillow Court, Lancaster, Lancashire LA1 4UA2
£138K12/200.12 mi2, Gillow Court, Lancaster, Lancashire LA1 4UA2
£135K06/210.12 mi11, Chiltern Court, Lancaster, Lancashire LA1 4TP2
£146K03/240.17 mi5, Binyon Road, Lancaster, Lancashire LA1 4TW2
£230K07/230.17 mi9, Brunton Road, Lancaster, Lancashire LA1 4UQ2
£128.5K04/210.19 mi11, Vine Street, Lancaster, Lancashire LA1 4UF2
£130K04/210.19 mi15, Vine Street, Lancaster, Lancashire LA1 4UF2
£150K12/200.2 mi11, Pickard Street, Lancaster, Lancashire LA1 4UG2
£210.5K03/210.22 mi15, Ardengate, Lancaster, Lancashire LA1 4SW2
£339.9K10/230.22 mi2, Ardengate, Lancaster, Lancashire LA1 4SW2
£119K04/230.22 mi32, Graham Street, Lancaster, Lancashire LA1 4UE2
£118K07/230.22 mi23, Graham Street, Lancaster, Lancashire LA1 4UE2
£149.5K02/240.22 mi25, Graham Street, Lancaster, Lancashire LA1 4UE2
£145K01/230.23 mi10, Graham Street, Lancaster, Lancashire LA1 4UE2
£107K08/210.3 mi1, Trafalgar Road, Lancaster, Lancashire LA1 4DB2
£140K01/240.3 mi71, Trafalgar Road, Lancaster, Lancashire LA1 4DB2
£122K01/210.31 mi16, Trafalgar Road, Lancaster, Lancashire LA1 4DA2
£127.5K05/210.31 mi78, Trafalgar Road, Lancaster, Lancashire LA1 4DA2
£185K08/210.31 mi24, Wellington Road, Lancaster, Lancashire LA1 4DN2
£153K11/200.32 mi14, Rosebery Avenue, Lancaster, Lancashire LA1 4DJ2
£140K05/210.39 mi8, Charles Court, Lancaster, Lancashire LA1 4UZ2
£151.5K05/230.39 mi6, Charles Court, Lancaster, Lancashire LA1 4UZ2
£155K10/230.45 mi50, Adelphi Street, Lancaster, Lancashire LA1 4AF2
£166.5K04/230.45 mi54, Adelphi Street, Lancaster, Lancashire LA1 4AF2
£139.9K04/230.45 mi28, Adelphi Street, Lancaster, Lancashire LA1 4AF2
£145K05/210.46 mi6, Cumberland View, Lancaster, Lancashire LA1 4AB2
£132K01/230.46 mi22, Havelock Street, Lancaster, Lancashire LA1 4AD2
£390K11/210.47 mi14, Haverbreaks Place, Lancaster, Lancashire LA1 5BH2
£125K06/230.48 mi59, Connaught Road, Lancaster, Lancashire LA1 4BQ2
£302.5K06/230.52 mi10, Piccadilly Close, Scotforth, Lancaster, Lancashire LA1 4PY2
£179.6K12/220.54 mi75, Gressingham Drive, Lancaster, Lancashire LA1 4RF2
£190K08/230.54 mi11, Bishopsgate, Lancaster, Lancashire LA1 4QF2
£135K05/230.55 mi20, Westham Street, Lancaster, Lancashire LA1 3AU2
£140K07/230.55 mi72, Westham Street, Lancaster, Lancashire LA1 3AU2
£112K05/230.55 mi68, Westham Street, Lancaster, Lancashire LA1 3AU2
£117K02/230.55 mi26, Westham Street, Lancaster, Lancashire LA1 3AU2
£125K05/210.55 mi16, Westham Street, Lancaster, Lancashire LA1 3AU2
£134K08/230.55 mi48, Westham Street, Lancaster, Lancashire LA1 3AU2
£127K06/230.55 mi74, Westham Street, Lancaster, Lancashire LA1 3AU2
£104.5K05/210.56 mi14, Ashford Road, Lancaster, Lancashire LA1 4QA2
£130K09/210.56 mi77, Westham Street, Lancaster, Lancashire LA1 3AX2
£130.5K11/210.56 mi83, Westham Street, Lancaster, Lancashire LA1 3AX2
£115K05/210.56 mi51, Westham Street, Lancaster, Lancashire LA1 3AX2
£135K03/230.56 mi45, Westham Street, Lancaster, Lancashire LA1 3AX2

Local Rents

29 rents from £498/mo to £1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£70005/240.1 mi-2
£82512/240.11 mi-2
£72505/240.12 miThe Hastings, Greaves, Lancaster2
£85005/240.12 miDorrington Road, Lancaster, LA12
£75005/240.12 miChiltern Court, Scotforth, Lancaster2
£87505/240.23 miGraham Street, Lancaster2
£67504/240.24 mi-2
£67503/250.24 mi-2
£72505/240.26 miTrafalgar Road, Lancaster2
£82505/240.26 miStorey Hall, Lancaster, LA12
£90002/240.27 mi-2
£85005/240.3 miCunningham Court, Ashton Road, Lancaster, LA12
£87504/240.34 miWellington Road, Lancaster, LA12
£79504/240.35 miAvondale Road, Lancaster2
£82512/240.39 mi-2
£54206/240.39 miBowerham Road, Lancaster2
£49806/240.39 mi83a Bowerham Road, Lancaster2
£72504/240.42 miLeinster Court, Lancaster, LA12
£77505/240.48 miSouth Road, Lancaster, LA12
£87505/240.5 miPiccadilly Close, Scotforth, Lancaster2
£80005/240.56 mi-2
£65004/240.56 miWestham Street, Lancaster2
£72505/240.56 miWestham Street, Lancaster2
£70005/240.57 miEastham Street, Lancaster, LA12
£75006/240.57 miWestham Street, Lancaster, LA12
£75004/240.58 miEastham Street, Lancaster, LA12
£70003/250.58 mi-2
£72512/240.59 mi-2
£1,00004/240.6 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £185,000

March 7, 2025

Floor Plans

Description

  • Mid-terrace House +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Open Plan Kitchen +
  • Spacious Bathroom +
  • Private Back Garden +
  • Nicely Presented +

Location Welcome to Dorrington Road, a well-connected residential street offering a practical and convenient place to live. With a mix of established homes, it appeals to families, professionals, and those seeking a well-served location. Local amenities, including shops, supermarkets, and essential services, are easily accessible, ensuring everyday needs are met. Williamson Park is nearby, providing open green spaces and scenic walking routes, while the River Lune and Lancaster Canal offer additional opportunities for outdoor activities. The area benefits from strong transport links, with regular bus routes and good road connections making travel to the city centre, university, and surrounding areas simple. Schools and healthcare facilities are also within easy reach, adding to the location’s appeal. Dorrington Road is a convenient and well-situated place to live, combining accessibility, practical amenities, and nearby green spaces to suit a range of lifestyles. Property Details This extended two-bedroom stone-built terrace home offers well-proportioned living spaces with additional versatility. Set over two floors, the property benefits from a rear garden with a timber shed, while the lawned section is rented from the council. The ground floor features a bright bay-fronted lounge with an open fire, creating a cosy focal point. The dining room offers ample space for family meals and entertaining, leading into the galley-style kitchen, which provides practical storage and workspace. A garden room at the rear extends the living space and offers direct access to the outdoor area. Upstairs, there are two spacious double bedrooms, both benefiting from large windows that allow for plenty of natural light. The generous bathroom is well-appointed, featuring both a bath and a separate shower. This property combines period charm with the potential for modernisation, making it a great choice for buyers seeking a home with character and opportunity. This is a freehold property Key Features

  • Extended two-bedroom stone-built terrace

  • Bay-fronted lounge | with an open fire

  • Separate dining room leading to a galley-style kitchen

  • Additional garden room providing extra living space

  • Two double bedrooms | with large windows

  • Spacious bathroom | with both bath and separate shower

  • Rear garden with a timber shed

  • Double glazing 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 💪