2 Bed Terraced House, Refurb/BRRR, Lancaster, LA1 5DF, £150,000

Sibsey Street | excellent opportunity for renovation, LA1 5DF - 1 views - a month ago

Refurb/BRRR
ROI: 4%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£95K - £390K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£139,628

 

 

End Value (After Refurb)

£151,358

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,537

Bridging Loan Interest

£3,938

Total Cash In

£79,425

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,358

Mortgage (After Refinance)

£113,518

Mortgage LTV

75%

Cash Released

£1,018

Cash Left In

£78,407

Equity

£37,839

Rent Range

£641 - £1,647

Rent Estimate

£912

Running Costs/mo

£675

Cashflow/mo

£237

Cashflow/yr

£2,839

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £95K to £390K, average is £135.3K. £1.4K/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£160K11/210 mi68, Sibsey Street, Lancaster, Lancashire LA1 5DF2
£165.5K04/210 mi15, Sibsey Street, Lancaster, Lancashire LA1 5DF2
£188K03/240 mi34, Sibsey Street, Lancaster, Lancashire LA1 5DF2
£182K07/230 mi15, Sibsey Street, Lancaster, Lancashire LA1 5DF2
£110K06/210.01 mi1, Lincoln Road, Lancaster, Lancashire LA1 5DJ2
£119K01/210.01 mi9, Lincoln Road, Lancaster, Lancashire LA1 5DJ2
£177.5K07/230.03 mi4, Lincoln Road, Lancaster, Lancashire LA1 5DN2
£175K09/230.03 mi20, Lincoln Road, Lancaster, Lancashire LA1 5DN2
£130K01/230.03 mi17, Lincoln Road, Lancaster, Lancashire LA1 5DJ2
£139.9K12/230.08 mi22, Sylvester Street, Lancaster, Lancashire LA1 5DG2
£128.5K04/210.08 mi28, Sylvester Street, Lancaster, Lancashire LA1 5DG2
£135K03/210.08 mi38, Sylvester Street, Lancaster, Lancashire LA1 5DG2
£140K03/240.08 mi16, Sylvester Street, Lancaster, Lancashire LA1 5DG2
£125K05/210.13 mi23, Meeting House Lane, Lancaster, Lancashire LA1 1TX2
£116.5K06/210.26 mi11, Beech Street, Lancaster, Lancashire LA1 5PL2
£130K05/230.26 mi2, Beech Street, Lancaster, Lancashire LA1 5PL2
£119K12/210.28 mi10, Meadow Street, Lancaster, Lancashire LA1 5PH2
£135.5K12/220.3 mi34, Salisbury Road, Lancaster, Lancashire LA1 5PJ2
£124K04/210.31 mi2, Salisbury Road, Lancaster, Lancashire LA1 5PQ2
£245K03/230.31 mi18, Cromwell Road, Lancaster, Lancashire LA1 5BD2
£155K10/210.31 mi19, Willow Lane, Lancaster, Lancashire LA1 5PR2
£153K07/210.35 mi18, Cavendish Street, Lancaster, Lancashire LA1 5QA2
£145K05/230.35 mi27, Cavendish Street, Lancaster, Lancashire LA1 5QA2
£111K10/230.35 mi6, Willow Lane, Lancaster, Lancashire LA1 5PP2
£152.5K08/210.36 mi23, Coverdale Road, Lancaster, Lancashire LA1 5PY2
£147.5K12/200.36 mi21, Coverdale Road, Lancaster, Lancashire LA1 5PY2
£146K04/210.36 mi143, Willow Lane, Lancaster, Lancashire LA1 5PU2
£142K04/230.37 mi5, Marsh Street, Lancaster, Lancashire LA1 5RG2
£129.9K09/230.37 mi77, Lune Road, Lancaster, Lancashire LA1 5RF2
£122.5K11/200.4 mi34b, Long Marsh Lane, Lancaster, Lancashire LA1 5QX2
£120K02/210.4 mi2a, Long Marsh Lane, Lancaster, Lancashire LA1 5QX2
£130K11/210.4 mi8, Long Marsh Lane, Lancaster, Lancashire LA1 5QX2
£120K01/230.4 mi12, Long Marsh Lane, Lancaster, Lancashire LA1 5QX2
£100K05/230.4 mi2, Laburnum Grove, Lancaster, Lancashire LA1 5RT2
£145K09/230.41 mi9, Briery Street, Lancaster, Lancashire LA1 5RD2
£95K12/210.41 mi5, Briery Street, Lancaster, Lancashire LA1 5RD2
£150K11/210.42 mi1, Gerrard Street, Lancaster, Lancashire LA1 5LZ2
£119K12/210.42 mi28, Gerrard Street, Lancaster, Lancashire LA1 5LZ2
£131.5K05/230.42 mi16, Gerrard Street, Lancaster, Lancashire LA1 5LZ2
£145K10/230.43 mi21, Lune Road, Lancaster, Lancashire LA1 5QU2
£138.9K06/230.43 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£95K04/230.44 mi28, Denmark Street, Lancaster, Lancashire LA1 5LY2
£125K03/230.45 mi18, Atherton Road, Lancaster, Lancashire LA1 5SP2
£127.5K01/210.47 mi5, Hadlee Terrace, Lancaster, Lancashire LA1 5SU2
£160K05/210.47 mi2, Springfield Street, Lancaster, Lancashire LA1 4XL2
£125K01/210.5 mi34, Tower Court, Lancaster, Lancashire LA1 4XH2
£390K11/210.51 mi14, Haverbreaks Place, Lancaster, Lancashire LA1 5BH2
£160K09/230.51 mi31, Forest Park, Lancaster, Lancashire LA1 5YA2
£121.5K03/240.52 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£137.5K02/240.52 mi43, River Street, Lancaster, Lancashire LA1 1AD2

Local Rents

50 rents from £641/mo to £1.6K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£82505/240.08 miWingate Saul Road, LA12
£67505/240.11 miSt James Court, Wheatfield Court2
£75004/240.12 miSt James Court, Lancaster2
£75006/240.13 mi-2
£90006/240.13 miCastle Park Mews, Lancaster2
£90001/250.14 mi-2
£95004/240.14 mi-2
£89504/240.17 miFenton Court, Fenton Street, Lancaster2
£82506/240.19 miCastle Park Mews, Chennell House Castle Park Mews, LA12
£99505/240.19 mi27 Castle Hill, Lancaster2
£92505/240.2 miHigh Street, Lancaster2
£1,02504/240.2 miCastle Park, Lancaster 2
£1,05005/240.22 miMiddle Street, Windermere House Middle Street, LA12
£1,20005/240.23 mi-2
£1,20004/240.23 miWindermere House, Middle St, Lancaster, LA12
£89501/250.3 mi-2
£79504/240.32 mi-2
£87502/250.32 mi-2
£75004/250.32 mi-2
£1,49505/240.33 mi-2
£1,64702/250.33 mi-2
£1,10005/240.34 miRoyal View, Knight's Bridge Apartments, Lancaster, LA12
£89505/240.36 miWillow Lane, Lancaster2
£1,05005/240.38 miNightingale House, LA1 4JT2
£97504/240.39 miLune Square, Damside Street2
£94505/240.39 miLune Square, Lancaster, LA12
£89505/240.39 miLune Square, Lancaster, LA12
£87505/240.39 miDamside Street, Lancaster2
£85002/250.39 mi-2
£70004/240.4 miThurnham Street, City Centre, Lancaster, LA12
£90012/240.4 mi-2
£99505/240.4 miLune Road, Lancaster2
£90005/240.41 mi-2
£75005/240.44 miWater Street, Lancaster, LA12
£87505/240.45 miNelson Street, Lancaster2
£95012/240.45 mi-2
£67504/240.45 miAtherton Road, Lancaster, LA12
£75005/240.45 miCromwell Building, Lancaster, LA12
£85004/240.45 mi-2
£75006/240.45 mi-2
£85001/250.45 mi-2
£89505/240.46 mi-2
£1,10004/240.47 miThe Roundhouse, Robert Street, LA12
£90004/240.47 miAalborg Place, Court View House, LA12
£85005/240.49 miCowdrey Mews, Lancaster, LA12
£99512/240.5 mi-2
£64105/240.51 miBulk Street, Lancaster2
£95005/240.52 miRiver View Apartments, Lancaster, LA12
£77505/240.54 miSouth Road, Lancaster, LA12
£75005/240.58 miSt Peters Road Lancaster2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £150,000

March 18, 2025

Floor Plans

Description

  • Two-bedroom mid-terrace home +
  • Two reception rooms with potential for open-plan living +
  • Kitchen within the rear extension +
  • Upstairs bathroom +
  • No central heating, though gas is connected +
  • Some double glazing installed +
  • Rear yard with outbuilding for storage +
  • Full renovation required, offering great potential +

Location Welcome to Sibsey Street, a practical and well-located place to live, ideal for families, professionals, and students. This residential street provides easy access to everyday amenities while being within reach of the city centre. Shops, supermarkets, and essential services are all nearby, making daily errands simple. Williamson Park, with its open green spaces and scenic walking trails, is just a short distance away, providing a great spot for outdoor activities. The River Lune and Lancaster Canal also offer additional routes for walking and cycling. Transport connections are reliable, with regular bus services and good road links making travel to the university, hospital, and surrounding areas straightforward. Schools and healthcare facilities are also close by, adding to the area’s convenience. Sibsey Street is a great choice for those looking for a home with easy access to local amenities, outdoor spaces, and transport links. Property Details This two-bedroom mid-terrace home presents an excellent opportunity for renovation, offering scope to be transformed into a modern and comfortable living space. With a traditional layout and a rear extension housing the kitchen, the property retains original features but requires significant refurbishment. The ground floor comprises two spacious reception rooms, with the front room benefiting from a bay window that allows natural light to flood in. The second reception room leads to the kitchen, which is located within the rear extension. While functional, the kitchen would benefit from a full upgrade to maximise space and efficiency. Upstairs, there are two well-proportioned bedrooms and a bathroom. The home does not currently have central heating, although gas is connected to the property. Some double-glazed windows have been installed, but further upgrades would enhance energy efficiency and comfort. Externally, the rear yard provides a low-maintenance outdoor space with additional storage. Positioned within a well-connected residential area, the property is ideal for investors or buyers looking for a project. This is a freehold property Key Features

  • Two-bedroom mid-terrace home

  • Two reception rooms with potential for open-plan living

  • Kitchen within the rear extension

  • Upstairs bathroom

  • No central heating, though gas is connected

  • Some double glazing installed

  • Rear yard with outbuilding for storage

  • Full renovation required, offering great potential

EPC Rating: F

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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