2 Bed Terraced House, Single Let, Lancaster, LA1 2DG, £135,000

Bank Road | thoughtfully upgraded throughout, move-in-ready!, LA1 2DG - 2 views - a month ago

BTL
ROI: 2%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£65K - £282.5K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£121,361

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£600 - £950

Rent Estimate

£650

Running Costs/mo

£572

Cashflow/mo

£78

Cashflow/yr

£938

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £282.5K, average is £116K. £1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£73.9K03/210.05 mi16, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£100K06/230.05 mi21, Alexandra Road, Lancaster, Lancashire LA1 2DS2
£115K01/230.06 mi20, Olive Road, Lancaster, Lancashire LA1 2BZ2
£82.5K04/210.07 mi21, Olive Road, Lancaster, Lancashire LA1 2BZ2
£85K11/210.09 mi6, Ruskin Road, Lancaster, Lancashire LA1 2EB2
£89K04/230.09 mi44, Gardner Road, Lancaster, Lancashire LA1 2DB2
£112K05/230.09 mi17, Gardner Road, Lancaster, Lancashire LA1 2DB2
£79K12/200.1 mi67, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£65K01/240.1 mi50, Alexandra Road, Lancaster, Lancashire LA1 2DP2
£93K04/210.1 mi6, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£98.1K08/230.1 mi2, Ashbourne Drive, Lancaster, Lancashire LA1 2DW2
£127K11/230.11 mi43, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£98K12/200.11 mi23, Ashbourne Road, Lancaster, Lancashire LA1 2DJ2
£75K02/230.13 mi60, Broadway, Lancaster, Lancashire LA1 2BU2
£125K05/230.13 mi20, Aldrens Lane, Lancaster, Lancashire LA1 2DU2
£95K12/200.14 mi2, Kent Street, Lancaster, Lancashire LA1 2BS2
£123K03/240.14 mi4, Kent Street, Lancaster, Lancashire LA1 2BS2
£105K11/230.15 mi46, Norfolk Street, Lancaster, Lancashire LA1 2BW2
£106.5K11/220.17 mi143, Main Street, Lancaster, Lancashire LA1 2BH2
£166K02/230.18 mi1, Lindeth Gardens, Lancaster, Lancashire LA1 2NH2
£110K08/210.26 mi30, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£138.9K11/230.26 mi25, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£110K03/210.28 mi8, Beaumont Street, Lancaster, Lancashire LA1 2JE2
£140K03/210.31 mi75, Clare Road, Lancaster, Lancashire LA1 2LU2
£110K04/210.31 mi52, Clare Road, Lancaster, Lancashire LA1 2LU2
£125K12/210.34 mi41, Whalley Road, Lancaster, Lancashire LA1 2HE2
£117K08/210.34 mi2, Fleet Green, Lancaster, Lancashire LA1 2NS2
£108K11/200.35 mi23, Howgill Avenue, Lancaster, Lancashire LA1 2HF2
£127.5K01/230.44 mi100, Coniston Road, Lancaster, Lancashire LA1 3NW2
£165K07/230.44 mi1, Ayrton View, Lancaster, Lancashire LA1 2RW2
£76K04/210.44 mi9, Longlands Road, Lancaster, Lancashire LA1 2NU2
£124K02/210.47 mi24, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£170K02/240.47 mi46, Coniston Road, Lancaster, Lancashire LA1 3NJ2
£282.5K11/200.47 mi62, Green Lane, Lancaster, Lancashire LA1 2EZ2
£128.5K01/230.5 mi17, Earl Street, Lancaster, Lancashire LA1 2AF2
£145K02/230.5 mi27, Earl Street, Lancaster, Lancashire LA1 2AF2
£107.5K01/210.5 mi33, Earl Street, Lancaster, Lancashire LA1 2AF2
£110K12/200.5 mi38, Earl Street, Lancaster, Lancashire LA1 2AF2
£118.5K10/230.5 mi49, Earl Street, Lancaster, Lancashire LA1 2AF2
£120K10/230.5 mi15, Earl Street, Lancaster, Lancashire LA1 2AF2
£121.5K03/240.58 mi26, Lune Terrace, Lancaster, Lancashire LA1 2AQ2
£140K03/230.59 mi29, Bulk Road, Lancaster, Lancashire LA1 1DN2
£137.5K02/240.6 mi43, River Street, Lancaster, Lancashire LA1 1AD2
£126K05/230.61 mi5, Green Street, Lancaster, Lancashire LA1 1DZ2
£102K03/230.64 mi25, Albion Street, Lancaster, Lancashire LA1 1DY2
£138.9K06/230.64 mi5, St Georges Quay, Lancaster, Lancashire LA1 1HL2
£96K12/230.69 mi58, Lyth Road, Lancaster, Lancashire LA1 3LP2
£145K09/230.73 mi16, Denis Street, Lancaster, Lancashire LA1 1QX2
£117.5K03/240.73 mi10, Denis Street, Lancaster, Lancashire LA1 1QX2
£207.5K03/230.73 mi12, Caldbeck Road, Lancaster, Lancashire LA1 3LU2

Local Rents

15 rents from £600/mo to £950/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£65004/240.05 miAshbourne Road, Lancaster2
£60005/240.05 miAlexandra Road, Lancaster, LA12
£67503/240.05 miAlexandra Road, Lancaster, LA12
£65003/240.07 mi-2
£65005/240.07 miAlexandra Road, Lancaster2
£75004/250.09 mi-2
£69506/240.1 mi-2
£69505/240.12 miBroadway, Lancaster2
£71505/240.43 mi-2
£65005/240.44 miBeaumont Park, Lancaster, LA12
£75004/240.5 miBridge Square Apartments, Kingsway, Lancaster, LA12
£75005/240.5 miBridge Square Apartments, Kingsway, Lancaster, LA12
£70004/240.51 miEarl Street, Lancaster, LA12
£95005/240.6 miRiver View Apartments, Lancaster, LA12
£89505/240.62 mi-2

Local Area Statistics

Population in LA1

52,095

Population in Lancaster

74,075

Town centre distance

1.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £135,000

March 27, 2025

Floor Plans

Description

  • End-terrace with two double bedrooms +
  • Open-plan lounge diner with modern décor +
  • Stylish new kitchen with integrated appliances +
  • Contemporary upstairs bathroom with shower over bath +
  • Fully replastered throughout +
  • New boiler installed in 2021 +
  • Full rewire and new double glazing +
  • Enclosed rear yard for outdoor seating +

Location Welcome to Bank Road, a convenient and central location, ideal for those who want to be close to the heart of Lancaster. With the city centre just a short walk away, this area is well-suited to professionals, students, and anyone seeking easy access to amenities. Shops, cafes, supermarkets, and other local services are all within reach, making daily life straightforward. The area is also close to the River Lune, providing scenic walking and cycling routes, and within easy reach of both Lancaster Canal and Williamson Park for outdoor space. Lancaster’s bus and rail stations are nearby, offering strong transport links for commuting or travel further afield. The university and hospital are also easily accessible by public transport or car. Bank Road provides a practical place to live in a well-connected part of the city, combining convenience, access to services, and proximity to green spaces and the river. Property Details This immaculately presented end-terrace home has been thoughtfully upgraded throughout, offering a stylish and move-in-ready interior. Every room has been replastered and redecorated in neutral tones, creating a fresh and cohesive finish. The layout flows well, with a spacious lounge opening into a dining area, leading through to a modern kitchen. French doors from the dining space provide access to the private rear yard, allowing plenty of natural light to fill the ground floor. The kitchen has been fully refitted with contemporary shaker-style units, a range cooker, integrated fridge freezer, and cream metro tiles for a clean, timeless look. Soft-close cabinetry and complementary worktops enhance both style and practicality. Upstairs, there are two generously sized double bedrooms, each well presented and comfortable. The updated bathroom features a sleek white suite, a rainfall shower over a shaped bath, modern vanity unit, and stylish tiled walls. Outside, the rear yard is a low-maintenance, enclosed space, perfect for relaxing or entertaining. Recent improvements include new windows, a full rewire, and a new boiler installed in 2021, alongside updated kitchen and bathroom fittings. A superb option for first-time buyers. This property is freehold Key Features

  • End-terrace with two double bedrooms

  • Open-plan lounge diner with modern décor

  • Stylish new kitchen with integrated appliances

  • Contemporary upstairs bathroom with shower over bath

  • Fully replastered throughout

  • New boiler installed in 2021

  • Full rewire and new double glazing

  • Enclosed rear yard for outdoor seating

Agent Details

JD Gallagher Estate Agents, Lancaster

01524 967550

Next Steps?

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