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Ellwood Avenue, Lancaster LA1 - Image 1
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Ellwood Avenue, Lancaster LA1

North West

£180,000
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
667 sqft

Description

Nestled in a well-regarded and accessible area of Lancaster, this two-bedroom semi-detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Whether you are a first-time buyer eager to craft your ideal living space or an investor seeking a rewarding project, this home offers a canvas ready for your vision. The interior layout consists of a welcoming entrance hallway that leads to a bright and airy lounge, complemented by a functional kitchen. The two generously sized double bedrooms and the three-piece bathroom suite provide ample space for comfortable living. Each room is primed for modernization, allowing you to implement your personal style and preferences. Outside, the property boasts practical features including a private driveway, two garages, and expansive side and rear gardens. These outdoor spaces offer versatility—ideal for entertaining guests, cultivating a garden, or exploring future development possibilities (subject to planning consent). Although the home would benefit from some updates, its spacious layout combined with an enviable location makes it an exceptional investment opportunity. With the right enhancements, you can increase its value significantly while enjoying the advantages of living in one of Lancaster’s sought-after neighborhoods. Positioned conveniently near essential amenities, public transport options, and reputable schools, this bungalow not only offers potential but also enhances day-to-day convenience. It stands as an excellent choice for those looking to secure a property that promises both immediate comfort and long-term growth.

Investment Analysis

(LA1 area)

Above Market Value

This property is priced +18.7% above area average per sq ft

+18.7%
This Property
£270/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£166,807
10% above area average per sq ft
Potential ROI
-22.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LA1)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 5.5%
5 year growth: 22.1%
Investment Disclaimer: Analysis based on LA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ellwood Avenue, Lancaster LA1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE