3 Bed Terraced House, Single Let, Lancaster, LA1 2EB, £112,000

Ruskin Road, Lancaster, LA1 2EB - 4 views - a month ago

BTL
ROI: 10%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£75K - £270K
Sold Prices/m²£1K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£134,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,000

Stamp Duty & Legal Fees

£6,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£750 - £950

Rent Estimate

£816

Running Costs/mo

£533

Cashflow/mo

£283

Cashflow/yr

£3,394

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £75K to £270K, average is £150K. £1K/m² to £3.4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£200K07/210.02 mi13, Halton Road, Lancaster, Lancashire LA1 2EA3
£250K03/240.02 mi11, Halton Road, Lancaster, Lancashire LA1 2EA3
£86K12/200.1 mi16, Bank Road, Lancaster, Lancashire LA1 2DG3
£103K03/210.13 mi48, Aldrens Lane, Lancaster, Lancashire LA1 2DT3
£192K09/230.15 mi29, Tan Hill Drive, Lancaster, Lancashire LA1 2JB3
£141.5K12/200.15 mi177, Main Street, Lancaster, Lancashire LA1 2DD3
£215K02/240.18 mi48, Slyne Road, Lancaster, Lancashire LA1 2HU3
£270K09/230.18 mi8, Slyne Road, Lancaster, Lancashire LA1 2HU3
£229.9K04/210.18 mi22, Slyne Road, Lancaster, Lancashire LA1 2HU3
£125K08/230.19 mi27, Broadway, Lancaster, Lancashire LA1 2BX3
£150K02/210.19 mi5, Wensley Drive, Lancaster, Lancashire LA1 2JA3
£160.1K07/210.2 mi6, Newby Drive, Lancaster, Lancashire LA1 2HY3
£165K10/210.2 mi12, Newby Drive, Lancaster, Lancashire LA1 2HY3
£125K05/230.21 mi45, Slyne Road, Lancaster, Lancashire LA1 2JH3
£188K09/230.22 mi12, Leyburn Road, Lancaster, Lancashire LA1 2HZ3
£75K11/200.22 mi65, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£105K04/230.22 mi77, Norfolk Street, Lancaster, Lancashire LA1 2BP3
£126K09/210.23 mi15, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£139.9K05/230.23 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£108K01/210.23 mi19, Beaumont Street, Lancaster, Lancashire LA1 2JE3
£116.5K07/230.24 mi10, Norfolk Street, Lancaster, Lancashire LA1 2BW3
£119K05/210.25 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£95K09/210.25 mi66, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£165K03/240.25 mi79, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£114K11/200.25 mi84, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£115K05/230.25 mi34, Pinfold Lane, Lancaster, Lancashire LA1 2BJ3
£210K05/230.26 mi9, Baker Street, Lancaster, Lancashire LA1 2ND3
£164K12/200.26 mi7, Baker Street, Lancaster, Lancashire LA1 2ND3
£131K10/230.27 mi7, Howgill Avenue, Lancaster, Lancashire LA1 2HF3
£120K07/210.27 mi45, Whalley Road, Lancaster, Lancashire LA1 2HE3
£116K11/200.27 mi51, Whalley Road, Lancaster, Lancashire LA1 2HE3
£168K12/200.28 mi10, Clare Road, Lancaster, Lancashire LA1 2LX3
£155K03/210.3 mi80, Vale Road, Lancaster, Lancashire LA1 2JL3
£160K10/230.31 mi3, Vale Road, Lancaster, Lancashire LA1 2JN3
£143.5K03/240.31 mi7, Vale Road, Lancaster, Lancashire LA1 2JN3
£172K01/210.31 mi17, Barley Cop Lane, Lancaster, Lancashire LA1 2NQ3
£105.5K04/210.32 mi36, Howgill Avenue, Lancaster, Lancashire LA1 2HG3
£145K04/210.33 mi90, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£210K08/230.33 mi23, Barley Cop Lane, Lancaster, Lancashire LA1 2NB3
£155K05/230.33 mi22, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£145K05/210.33 mi94, Ashton Drive, Lancaster, Lancashire LA1 2LH3
£150K11/200.33 mi9, Fairhope Avenue, Lancaster, Lancashire LA1 2LY3
£215K10/230.34 mi2, Green Lane, Lancaster, Lancashire LA1 2EW3
£144K08/210.34 mi3, Green Lane, Lancaster, Lancashire LA1 2EW3
£240K06/230.34 mi4, Green Lane, Lancaster, Lancashire LA1 2EW3
£200K10/230.36 mi6, Tall Trees, Lancaster, Lancashire LA1 2LD3
£155K04/210.38 mi38, Langdale Road, Lancaster, Lancashire LA1 3NR3
£152K03/230.38 mi45, Langdale Road, Lancaster, Lancashire LA1 3NR3
£183K08/230.38 mi11, Lambert Road, Lancaster, Lancashire LA1 2NA3
£85K10/210.39 mi49, Beaumont Place, Lancaster, Lancashire LA1 2EY3

Local Rents

16 rents from £750/mo to £950/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£87507/240.06 mi-3
£82510/240.06 mi-3
£80007/230.23 mi-3
£85008/240.23 mi-3
£88005/240.26 miVale Road, Lancaster, LA13
£75004/250.31 miHeronsyke, Lancaster, LA13
£75005/240.31 miHowgill Avenue, Lancaster3
£87506/240.32 mi-3
£87505/240.32 miAughton Court, Lancaster, LA13
£87505/240.39 miClare Road, Lancaster, LA13
£90004/240.39 mi-3
£90004/240.39 miBeaumont Place, Lancaster, LA13
£95006/240.39 mi-3
£95006/240.39 miBeaumont Place, Lancaster, LA13
£87506/240.47 mi-3
£87504/250.47 mi-3

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.66 miles away

Nearest school

0.20 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £112,000

March 17, 2025

Floor Plans

Description

  • 3 Bedroom Terraced House +
  • No Forward Chain +
  • Tenanted for Immediate Investment +
  • Convenient Residential Location +
  • Ideal Investment Opportunity +
  • Private Rear Garden +

Bettermove are proud to present this 3 bedroom Terraced House in Lancaster available with no forward chain. The property benefits from double glazing, gas central heating throughout and has ample on street parking available nearby. The council tax band is A. The property is tenanted and will be sold with tenants in situ for immediate investment - rental yields can be obtained through Bettermove. The interior of this property comprises a spacious living room and the fitted kitchen on the ground floor. The first floor consists of three bedrooms and the family bathroom. The exterior boasts a private rear garden, perfect for enjoying the summer months. Located in the popular town of Lancaster, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from the M6, the A683 and many local bus routes. This exciting opportunity should not be missed! All enquiries can be made through Bettermove on . --------------------------------------------------------------------------------- You can secure the purchase immediately by paying an exclusivity deposit of £1,000. This is not an additional fee and is returned to you on completion. Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore, eliminating the risk of being gazumped by another buyer, and incurring aborted costs. This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding, surveys, and searches. Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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