4 Bed Terraced House, Refurb/BRRR, Lancaster, LA1 1TS, £240,000

Blades Street, Lancaster, Lancashire, LA1 1TS - a month ago

Refurb/BRRR
~129 m²
+11 photos

ValuationFair Value

Sold Prices£115K - £800K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£240,000

 

 

End Value (After Refurb)

£273,133

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£52,259

Bridging Loan Interest

£6,300

Total Cash In

£135,809

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£273,133

Mortgage (After Refinance)

£204,850

Mortgage LTV

75%

Cash Released

£24,850

Cash Left In

£110,959

Equity

£68,283

Rent Range

£460 - £3,250

Rent Estimate

£1,112

Running Costs/mo

£1,096

Cashflow/mo

£16

Cashflow/yr

£193

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115K to £800K, average is £321K. £1.4K/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£336.3K11/210.05 mi32, Dallas Road, Lancaster, Lancashire LA1 1TW4
£340K09/210.15 mi21, Portland Street, Lancaster, Lancashire LA1 1SZ4
£800K08/230.23 mi8, Castle Park, Lancaster, Lancashire LA1 1YQ4
£387K04/210.24 mi76, Aldcliffe Road, Lancaster, Lancashire LA1 1SJ4
£695K03/230.24 mi14, Castle Park, Lancaster, Lancashire LA1 1YQ4
£278K11/200.24 mi47, Westbourne Road, Lancaster, Lancashire LA1 5DX4
£382.5K04/230.26 mi65, Westbourne Road, Lancaster, Lancashire LA1 5AY4
£615K05/210.28 miTrefan, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£618K02/230.29 miBrynmawr, Westbourne Drive, Lancaster, Lancashire LA1 5EE4
£322K11/210.38 mi55, South Road, Lancaster, Lancashire LA1 4XJ4
£220K11/200.42 miRose Cottage, Long Marsh Lane, Lancaster, Lancashire LA1 5QY4
£168K09/230.43 mi17, West Road, Lancaster, Lancashire LA1 5PG4
£390K09/230.43 mi25, Roosevelt Avenue, Lancaster, Lancashire LA1 5EJ4
£218.5K12/200.43 mi12, Milking Stile Lane, Lancaster, Lancashire LA1 5QB4
£320K03/230.43 mi16, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£318.5K06/230.43 mi18, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£235K12/200.43 mi20, Bishopdale Road, Lancaster, Lancashire LA1 5NF4
£333K12/200.44 mi95, Westbourne Road, Lancaster, Lancashire LA1 5JY4
£385K07/230.48 mi2, Coolidge Avenue, Lancaster, Lancashire LA1 5EH4
£325K06/210.5 mi1, Greythwaite Court, Lancaster, Lancashire LA1 5UD4
£115K01/210.52 mi9, Hazel Grove, Lancaster, Lancashire LA1 5RY4
£375K05/230.53 mi66, Greaves Road, Lancaster, Lancashire LA1 4UR4
£312.5K02/210.54 mi250, Willow Lane, Lancaster, Lancashire LA1 5UA4
£399.9K10/220.54 mi107, Westbourne Road, Lancaster, Lancashire LA1 5JX4
£285K03/210.54 mi27, Coolidge Avenue, Lancaster, Lancashire LA1 5ER4
£390K05/210.55 mi6a, Marlton Way, Lancaster, Lancashire LA1 5BW4
£220K11/210.58 mi15, River Street, Lancaster, Lancashire LA1 1AD4
£222K09/210.58 mi14, River Street, Lancaster, Lancashire LA1 1AD4
£290K01/240.58 mi11, River Street, Lancaster, Lancashire LA1 1AD4
£255K11/210.6 mi21, Balmoral Road, Lancaster, Lancashire LA1 3BT4
£495K12/200.62 mi4, Cartwright Court, Lancaster, Lancashire LA1 5XA4
£390.5K09/210.65 mi18, Nairn Road, Lancaster, Lancashire LA1 5UY4
£670K10/220.65 mi1, Millar Court, Lancaster, Lancashire LA1 5XB4
£245K11/200.66 mi7, Cotton Square, Lancaster, Lancashire LA1 5US4
£212K12/210.66 mi55, Clarence Street, Lancaster, Lancashire LA1 3BB4
£221.5K01/240.66 mi34b, Wolseley Street, Lancaster, Lancashire LA1 3PH4
£610K02/210.67 miHluhluwe, Haverbreaks Road, Lancaster, Lancashire LA1 5BJ4
£160K12/200.71 mi6, Ullswater Road, Lancaster, Lancashire LA1 3PP4
£202K11/230.72 mi39, Bridge Road, Lancaster, Lancashire LA1 4UL4
£300K01/210.72 mi24, New Quay Road, Lancaster, Lancashire LA1 5UZ4
£295K03/240.77 mi79, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£288K05/230.77 mi62, Windermere Road, Lancaster, Lancashire LA1 3EZ4
£280K07/210.79 mi16, Lonsdale Place, Lancaster, Lancashire LA1 4BX4
£268K02/240.8 mi39, Windermere Road, Lancaster, Lancashire LA1 3EX4
£380K06/210.84 mi40, Derwent Road, Lancaster, Lancashire LA1 3ES4
£435K02/210.84 mi36, Derwent Road, Lancaster, Lancashire LA1 3ES4
£365K03/210.87 mi10, Lily Grove, Lancaster, Lancashire LA1 4TR4
£198.1K08/210.89 mi3, Coulston Road, Lancaster, Lancashire LA1 3AD4
£357K01/210.89 mi17, Scotforth Road, Lancaster, Lancashire LA1 4TS4
£485K03/210.91 mi4, Craiglands Court, Aldcliffe, Lancaster, Lancashire LA1 5AU4

Local Rents

42 rents from £460/mo to £3.3K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£51605/240.03 mi65, Blades Street, Lancaster6
£2,70803/250.03 mi-5
£79504/240.11 miHarrier Court, Fenton Street, Lancaster3
£3,25003/250.13 mi-6
£49404/240.17 mi50, Regent Street, Lancaster10
£51605/240.18 mi16, Kelsey Street, Lancaster4
£1,15012/240.2 mi-4
£49503/240.2 mi-6
£68904/240.21 miKing Street, Lancaster, LA14
£62405/240.21 miKing Street, Lancaster, LA14
£2,27505/240.23 mi-3
£2,49204/250.23 mi-3
£1,07504/240.24 miSt Lukes Court, Fairfield Road, Lancaster3
£79504/240.26 miFairfield Road, Lancaster3
£1,30012/240.29 mi-3
£1,83303/250.29 mi-4
£1,75012/240.38 mi-3
£79504/240.4 miTower Court, Lancaster, LA13
£1,35004/240.4 miNelson Street, Lancaster, LA14
£90005/240.42 miCromwell Building, Lancaster, LA13
£95005/240.42 miCromwell Building, Lancaster, LA13
£1,05002/240.42 mi-3
£90006/240.42 mi-3
£49405/240.44 mi6, Milking Stile Lane, Lancaster6
£60704/240.46 miSt. Georges Quay, Lancaster, LA13
£1,10002/240.47 miSt George's Quay, Lancaster, LA13
£65004/240.5 miCable Street, Lancaster, LA13
£1,20003/250.5 mi-3
£95005/240.51 miCleveland Drive, Lancaster3
£95006/240.51 miCleveland Drive, Lancaster3
£1,20005/240.52 miAbram Close, Lancaster3
£1,00005/240.53 miDale Street, Primrose, Lancaster4
£99512/240.54 mi-3
£1,15005/240.57 miProspect Street, Lancaster, LA14
£1,00004/240.58 miAbram Close, Lancaster3
£1,05004/240.59 miAberdeen Road, Lancaster, LA13
£1,05003/240.59 mi-3
£1,25001/250.59 mi-4
£46004/250.59 mi-4
£95004/240.6 miBalmoral Road, Lancaster, LA13
£1,10005/240.6 miBalmoral Road, Lancaster3
£85012/240.62 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £240,000

March 13, 2025

Floor Plans

Description

  • Large four bedroom terraced property +
  • Bags of potential and no chain delay +
  • Large cellar (three rooms) with rear access to yard +
  • Convenient central Lancaster location +
  • Two separate reception rooms plus kitchen diner +

Spacious Victorian Terrace with Huge Potential – No Chain Delay.. Situated in the heart of Lancaster on the ever-popular Blades Street, this substantial four-bedroom Victorian terraced house is packed with potential. While in need of modernisation, this is a rare opportunity to create a sizable and character-filled family home in a prime central location.

The property boasts generous living spaces across two floors, plus an unconverted three-room cellar offering exciting scope for expansion (subject to the necessary checks and permissions). High ceilings, large windows, and period features provide the perfect foundation for a stunning restoration.

Blades Street is a sought-after residential road, known for its quiet atmosphere and strong sense of community. Residents enjoy easy access to the city centre, excellent local amenities, highly regarded schools, Lancaster train station, and an extensive network of cycle paths and walkways connecting all parts of the city.

Offered at a fair market price and with no chain delay, this is your chance to transform a substantial Victorian home in a fantastic location. Arrange a viewing today and start planning your dream home!

Agent Details

Entwistle Green, Lancaster

01524 938270

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪