3 Bed Semi-Detached House, Refurb/BRRR, Lancaster, LA1 4NT, £265,000

6 Rays Drive, Lancaster, LA1 4NT - 2 views - 21 days ago

Refurb/BRRR
ROI: 1%
84 m²
+12 photos

ValuationOvervalued

Sold Prices£134K - £400K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

84 m²
Price/m²£3.2K/m²

Value Estimate

£174,250

 

 

End Value (After Refurb)

£243,273

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Refurb Costs

£33,961

Bridging Loan Interest

£6,956

Total Cash In

£124,118

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£243,273

Mortgage (After Refinance)

£182,455

Mortgage LTV

75%

Cash Left In

£124,118

Equity

£60,818

Rent Range

£525 - £2,800

Rent Estimate

£1,076

Running Costs/mo

£995

Cashflow/mo

£81

Cashflow/yr

£967

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £134K to £400K, average is £231.3K. £1.4K/m² to £4.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£238K11/200.03 mi5, Rays Drive, Scotforth, Lancaster, Lancashire LA1 4NT3
£287.5K06/210.04 mi33, Toll Bar Crescent, Lancaster, Lancashire LA1 4NR3
£360K11/200.04 mi15, Toll Bar Crescent, Lancaster, Lancashire LA1 4NR3
£310K01/240.1 mi6, Whinfell Drive, Lancaster, Lancashire LA1 4NY3
£142.5K03/210.12 mi144, Scotforth Road, Lancaster, Lancashire LA1 4NP3
£205K08/230.15 mi6, Abbeyfield Close, Lancaster, Lancashire LA1 4NL3
£230K11/210.18 mi19, Ashford Road, Lancaster, Lancashire LA1 4QA3
£290K05/230.18 mi19, Ashford Road, Lancaster, Lancashire LA1 4QA3
£150K11/200.25 mi51, Abbeystead Drive, Lancaster, Lancashire LA1 4QS3
£215K03/240.25 mi39, Abbeystead Drive, Lancaster, Lancashire LA1 4QS3
£220K08/230.25 mi53, Abbeystead Drive, Lancaster, Lancashire LA1 4QS3
£285K09/230.29 mi33, Yealand Drive, Lancaster, Lancashire LA1 4EW3
£400K03/210.29 mi2b, Yealand Drive, Lancaster, Lancashire LA1 4EW3
£224K04/210.29 mi1, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£222.5K08/210.29 mi2, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£250K02/230.29 mi25, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£260K11/220.29 mi5, Shireshead Crescent, Lancaster, Lancashire LA1 4LD3
£165K02/240.3 mi19, Slaidburn Drive, Lancaster, Lancashire LA1 4QX3
£134K07/210.3 mi7, Slaidburn Drive, Lancaster, Lancashire LA1 4QX3
£162K10/200.3 mi25, Slaidburn Drive, Lancaster, Lancashire LA1 4QX3
£200K09/230.32 mi24, Appletree Drive, Lancaster, Lancashire LA1 4QY3
£300K10/200.34 mi10, Hall Park, Lancaster, Lancashire LA1 4SH3
£256K07/230.37 mi4, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ3
£222.5K10/220.39 mi28, Dunkenshaw Crescent, Lancaster, Lancashire LA1 4LQ3
£211.5K02/230.39 mi18, Ingleton Drive, Lancaster, Lancashire LA1 4RA3
£155K08/210.4 mi75, Ingleton Drive, Lancaster, Lancashire LA1 4QZ3
£242K10/200.42 mi21, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY3
£279K03/230.42 mi50, Knowe Hill Crescent, Lancaster, Lancashire LA1 4JY3
£220K03/210.46 mi12, Wakefield Drive, Lancaster, Lancashire LA1 4EJ3
£272K11/230.5 mi4, Devon Place, Lancaster, Lancashire LA1 4EG3
£220K02/240.5 mi33, Chatsworth Road, Lancaster, Lancashire LA1 4SL3
£236K01/210.53 mi68, Gloucester Avenue, Lancaster, Lancashire LA1 4EF3
£260K03/210.53 mi59, Gloucester Avenue, Lancaster, Lancashire LA1 4EF3
£240K06/210.54 mi9, Ardengate, Lancaster, Lancashire LA1 4SW3
£215K07/210.57 mi9, Acorn Close, Lancaster, Lancashire LA1 5LD3
£290K04/210.58 mi4, Church Avenue, Lancaster, Lancashire LA1 4SP3
£190K03/210.59 mi52, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£232.5K10/230.59 mi42, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£190K11/200.59 mi42, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£250K01/240.59 mi30, Gloucester Avenue, Lancaster, Lancashire LA1 4EU3
£315K09/230.6 mi20, Durham Avenue, Lancaster, Lancashire LA1 4ED3
£235K09/210.62 mi38, Rutland Avenue, Lancaster, Lancashire LA1 4EX3
£260K02/230.62 mi38, Rutland Avenue, Lancaster, Lancashire LA1 4EX3
£167K06/210.68 mi27, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£182.5K07/230.68 mi18, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£250K11/230.68 mi42, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£172K03/210.68 mi18, Palatine Avenue, Lancaster, Lancashire LA1 4HF3
£200.1K11/200.68 mi14, Gloucester Avenue, Lancaster, Lancashire LA1 4ES3
£148K12/200.7 mi19, Victoria Avenue, Lancaster, Lancashire LA1 4SY3
£285K02/210.71 mi30, Fern Bank, Lancaster, Lancashire LA1 4TT3

Local Rents

25 rents from £525/mo to £2.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,02505/240.13 miAshford Close, Lancaster3
£97504/240.22 mi-3
£95005/240.26 mi-3
£70004/240.66 miDorrington Road, Lancaster, LA13
£90004/240.67 miSt. Pauls Road, Lancaster3
£1,10004/240.69 mi-3
£80004/240.75 miHastings Road, Lancaster, LA13
£1,09504/240.78 miKensington Road, Lancaster3
£99505/240.78 miKensington Road, Lancaster3
£1,09504/240.8 miKensington Road, Lancaster3
£99505/240.8 miKensington Road, Lancaster3
£85005/240.8 miKensington Road, Lancaster, LA13
£95005/240.81 miWellington Road, Lancaster3
£1,10003/240.82 miBowerham Road, Lancaster3
£99505/240.88 miWest Street, Lancaster, LA1 4UJ3
£52505/240.88 miWinchester Avenue, Lancaster, LA13
£98012/240.89 mi-3
£92505/240.91 miAvondale Road, Lancaster3
£53305/240.91 mi20, Newsham Road, Lancaster3
£1,56007/240.94 mi-3
£2,80003/250.95 mi-3
£1,85005/240.95 miRaffles, Haverbreaks Road, Haverbreaks, Lancaster, LA1 5BJ3
£1,00005/240.99 miSomerset Avenue, Lancaster3
£99512/241.05 mi-3
£1,20003/251.14 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.09 miles away

Nearest school

0.50 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £265,000

March 14, 2025

Floor Plans

Description

  • NO CHAIN +
  • SEMI-DETACHED +
  • THREE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • OFF ROAD PARKING FOR 3 CARS OR RV +
  • DETACHED GARAGE +
  • GARDENS TO FRONT AND REAR +
  • WITHIN WALKING DISTANCE OF EXCELLENT LOCAL AMENITIES +
  • WONDERFUL FAMILY HOME +
  • BRIGHT AND AIRY ROOMS WITH LOTS OF NATURAL LIGHT STREAMING THROUGH +

A well presented three-bedroom semi-detached family home, situated in a peaceful cul-de-sac offering spacious accommodation throughout. Although in need of some updating in places, the house has been very well maintained over the years and boasts two generously sized reception rooms, ideal for entertaining friends or relaxing evenings spent with the family. A contemporary kitchen, thoughtfully designed with modern fittings, provides the perfect setting for family meals and gatherings.

Upstairs, you'll find three comfortable bedrooms, offering ample space for a growing family or guests, along with a stylish family shower room. Outside, the property benefits from a detached garage, complemented by convenient off-road parking and rear garden.

Set within walking distance of local amenities including a Booths supermarket, garage, and a popular dining pub, this home perfectly combines convenience with tranquillity.
With excellent transport links close by, it’s an ideal choice for commuters looking for a welcoming family home.
Regular bus routes serve the area, providing excellent connections throughout Lancaster and beyond. Further transport links are easily accessible, ensuring convenient travel via road networks and motorways for commuters.

Offered with no onward chain.

Entrance Porch - Tiled floor, door to the hallway.

Hallway - Stairs to the first floor, radaitor, cupboard housing the consumer unit, carpeted floor, understairs storage cupboard housing the gas meter and combi boiler.

Lounge - Double-glazed window to the front, fireplace with inset coal effect gas fire, carpeted floor, radiator, sliding doors leading to the dining room.

Dining Room - Double-glazed window to the rear, carpeted floor, radiator.

Kitchen - Double-glazed window to the rear, range of cabinets finished in a high gloss cream, four plate electric hob and extractor hood, integrated Bosch electric oven and microwave, Blanco ceramic sink, laminate floor and double glazed door to the side.

First Floor Landing - Double-glazed window to the side, large built-in linen cupboard and access to the loft.

Bedroom One - Double-glazed window to the front, built in wardrobes, carpeted floor, radiator.

Bedroom Two - Double-glazed window to the rear, carpeted floor, radiator.

Bedroom Three - Double-glazed window to the side, carpeted floor, radiator.

Shower Room - Double-glazed frosted window to the front, walk in shower cubicle with Mira electric shower, wash hand basin, heated towel rail, vinyl floor, W.C.

Outside - Front garden bordered by various plants and shrubs, off road parking for three cars and access to the garage. Rear garden mainly laid to lawn with a patio area and water tap.

Garage -

Useful Information - No Onward Chain
Tenure Freehold
Council Tax Band (C ) £2,104.19

Agent Details

Mighty House, Lancaster

01524 967572

Next Steps?

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