2 Bed Terraced House, Single Let, Lancaster, LA1 3DS, £115,000

Dundee Street, Lancaster, LA1 3DS - 4 views - 2 months ago

BTL
ROI: 5%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£103K - £211K
Sold Prices/m²£1.5K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£140,170
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£498 - £1,647

Rent Estimate

£650

Running Costs/mo

£509

Cashflow/mo

£141

Cashflow/yr

£1,688

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £103K to £211K, average is £139.3K. £1.5K/m² to £3.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£152K07/230 mi17, Dundee Street, Lancaster, Lancashire LA1 3DS2
£119K06/210 mi18, Dundee Street, Lancaster, Lancashire LA1 3DS2
£115K04/230 mi9, Dundee Street, Lancaster, Lancashire LA1 3DS2
£105K11/200.03 mi33, Perth Street, Lancaster, Lancashire LA1 3DR2
£210K02/230.04 mi6, Kirkes Road, Lancaster, Lancashire LA1 3DW2
£150K12/200.04 mi61, Kirkes Road, Lancaster, Lancashire LA1 3DW2
£142K06/230.04 mi15, Gregson Road, Lancaster, Lancashire LA1 3DH2
£121.5K05/210.04 mi41, Gregson Road, Lancaster, Lancashire LA1 3DH2
£117K12/200.04 mi70, Aberdeen Road, Lancaster, Lancashire LA1 3DB2
£125K09/210.04 mi74, Aberdeen Road, Lancaster, Lancashire LA1 3DB2
£159K07/230.04 mi92, Aberdeen Road, Lancaster, Lancashire LA1 3DB2
£163.5K01/240.04 mi4, Ayr Street, Lancaster, Lancashire LA1 3DT2
£131.4K03/210.04 mi1, Ayr Street, Lancaster, Lancashire LA1 3DT2
£145K12/200.06 mi11, Kirkes Road, Lancaster, Lancashire LA1 3DP2
£108.5K12/210.06 mi14, Dunkeld Street, Lancaster, Lancashire LA1 3DQ2
£127.5K11/210.06 mi29, Dunkeld Street, Lancaster, Lancashire LA1 3DQ2
£140K07/230.06 mi14, Dunkeld Street, Lancaster, Lancashire LA1 3DQ2
£130K12/230.07 mi6, Tarbet Street, Lancaster, Lancashire LA1 3DN2
£189.9K05/210.07 mi48, Wyresdale Road, Lancaster, Lancashire LA1 3DU2
£140K03/230.09 mi5, Elgin Street, Lancaster, Lancashire LA1 3DG2
£103K02/210.09 mi35, Elgin Street, Lancaster, Lancashire LA1 3DG2
£211K10/220.11 mi19, Wyresdale Gardens, Lancaster, Lancashire LA1 3FA2
£187.5K12/210.11 mi23, Wyresdale Gardens, Lancaster, Lancashire LA1 3FA2
£195K12/230.11 mi27, Wyresdale Gardens, Lancaster, Lancashire LA1 3FA2
£134K03/230.11 mi54, Melrose Street, Lancaster, Lancashire LA1 3DL2
£135K03/240.11 mi10, Melrose Street, Lancaster, Lancashire LA1 3DL2
£129K10/230.11 mi38, Melrose Street, Lancaster, Lancashire LA1 3DL2
£161K05/230.11 mi22, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£124K03/210.11 mi38, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£126.8K02/210.11 mi62, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£158K05/230.11 mi62, Aberdeen Road, Lancaster, Lancashire LA1 3DA2
£131K04/210.11 mi20, Argyle Street, Lancaster, Lancashire LA1 3DD2
£150K10/230.11 mi17, Argyle Street, Lancaster, Lancashire LA1 3DD2
£117K04/210.13 mi13, Stirling Road, Lancaster, Lancashire LA1 3DE2
£124.5K03/210.14 mi17, Clarence Street, Lancaster, Lancashire LA1 3BG2
£120K02/230.14 mi8, Vincent Street, Lancaster, Lancashire LA1 3BA2
£146.5K06/210.14 mi31, Vincent Street, Lancaster, Lancashire LA1 3BA2
£132K11/200.14 mi5, Vincent Street, Lancaster, Lancashire LA1 3BA2
£143K12/200.14 mi6, Vincent Street, Lancaster, Lancashire LA1 3BA2
£145K09/230.14 mi20, Vincent Street, Lancaster, Lancashire LA1 3BA2
£169.9K12/200.16 mi4, Parker Street, Lancaster, Lancashire LA1 3EP2
£132.5K11/210.16 mi30, Langley Road, Lancaster, Lancashire LA1 3AZ2
£140K03/230.16 mi8, Langley Road, Lancaster, Lancashire LA1 3AZ2
£138.5K02/210.17 mi6, Bond Street, Lancaster, Lancashire LA1 3ER2
£126K10/210.17 mi12, Bradshaw Street, Lancaster, Lancashire LA1 3BE2
£182K08/230.19 mi76, Prospect Street, Lancaster, Lancashire LA1 3BJ2
£130K03/240.19 mi34, Eastham Street, Lancaster, Lancashire LA1 3AY2
£140K10/230.19 mi29, Eastham Street, Lancaster, Lancashire LA1 3AY2
£170K09/210.2 mi45, Park Road, Lancaster, Lancashire LA1 3EJ2
£154K12/200.2 mi34, Park Road, Lancaster, Lancashire LA1 3EJ2

Local Rents

50 rents from £498/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£70012/240.02 mi-2
£85004/240.03 miGregson Road, Lancaster2
£67504/240.04 miGregson Road, Lancaster2
£75005/240.06 miGregson Road, Lancaster, LA12
£75002/250.07 mi-2
£72502/250.07 mi-2
£75004/240.09 miElgin Street, Lancaster2
£65006/240.12 mi-2
£65005/240.12 miQuarry Mount Mews, Lancaster, LA12
£65004/240.13 miArgyle Street, Lancaster2
£70003/240.15 mi-2
£1,00004/240.16 mi-2
£72512/240.18 mi-2
£70003/250.19 mi-2
£75004/240.19 miEastham Street, Lancaster, LA12
£65905/240.19 miGreenfield Court, Quarry Road, Lancaster, Lancashire, LA12
£73001/250.19 mi-2
£70005/240.2 miEastham Street, Lancaster, LA12
£75006/240.21 miWestham Street, Lancaster, LA12
£65004/240.21 miWestham Street, Lancaster2
£80005/240.21 mi-2
£72505/240.21 miWestham Street, Lancaster2
£77505/240.22 miDavidson Street, Lancaster2
£75005/240.26 miSt Peters Road Lancaster2
£90004/240.31 miAalborg Place, Court View House, LA12
£1,10004/240.32 miThe Roundhouse, Robert Street, LA12
£87505/240.34 miNelson Street, Lancaster2
£64105/240.35 miBulk Street, Lancaster2
£89506/240.37 mi-2
£92505/240.37 miWhitbarrow Square, Lancaster, LA12
£92506/240.37 miWhitbarrow Square, Lancaster, LA12
£77505/240.37 miSouth Road, Lancaster, LA12
£70004/240.38 miThurnham Street, City Centre, Lancaster, LA12
£1,05005/240.41 miNightingale House, LA1 4JT2
£82512/240.43 mi-2
£1,10005/240.45 miRoyal View, Knight's Bridge Apartments, Lancaster, LA12
£1,49505/240.46 mi-2
£1,64702/250.46 mi-2
£79504/240.47 miAvondale Road, Lancaster2
£80004/240.48 miThe Colonnade, Lancaster, LA12
£1,50004/240.5 miQuernmore Road, Lancaster, Lancashire, LA22
£85004/240.5 mi-2
£75006/240.5 mi-2
£75005/240.5 miCromwell Building, Lancaster, LA12
£85001/250.51 mi-2
£85004/240.52 miSwallow Wharf, Troutbeck Road, Lancaster2
£95012/240.52 mi-2
£54206/240.53 miBowerham Road, Lancaster2
£49806/240.53 mi83a Bowerham Road, Lancaster2
£67504/240.54 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £115,000

March 7, 2025

Floor Plans

Description

  • Two Bedroom Mid-Terraced House +
  • Moorlands - South Lancaster +
  • Refurbished Requirement +
  • Gas Central Heating +
  • Double Glazed Throughout +
  • Excellent Local Amenities +
  • Close To City Centre +
  • No Chain +

This two-bedroom stone built mid terraced property boasts of a well-proportioned lounge and is in a popular residential area. The accommodation is uPVC double glazed and Gas central heated throughout whilst briefly comprising of; lounge, kitchen with fitted units and a WC located downstairs. The staircase will lead you to a double bedroom, further good size single and a shower room. In summary, this property appeals to FTB (First time buyers) and investors looking to start or expand their portfolio. We highly recommend an internal viewing to appreciate the size and standard of the property. Dundee Street is in the Moorlands area of Lancaster, which provides easy access to schools, shops and the popular Lancaster City Centre. Excellent transport links allow access to Lancaster, Morecambe and the University of Cumbria and Lancaster. EPC rating: D. Tenure: Freehold,

Agent Details

Fisher Wrathall, Lancaster

01524 967560

Next Steps?

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