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Belle Vue Terrace, Lancaster LA1 - Image 1
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Belle Vue Terrace, Lancaster LA1

North West

£410,000
Listed on 01/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1915 sqft

Description

This three-bedroom terraced property presents a unique opportunity for renovation within a desirable area of Lancaster. While the home retains many charming original features, it requires updating to fully realize its potential. The layout includes an inviting entrance hallway leading to two generously sized reception rooms and a dining area, providing a solid foundation for reimagining the interior space. The kitchen is functional yet ripe for modernization, and access to the spacious cellar from the dining room adds further utility to this level. Upstairs, you'll find three bedrooms accompanied by a family bathroom and a separate WC. The second floor features two additional rooms that could be transformed into extra bedrooms or versatile living spaces, significantly enhancing the property's appeal in terms of both functionality and value. Outside, there is a front garden as well as off-road parking at the rear, complemented by a split-level garden that offers outdoor potential for landscaping or recreation. This property not only provides ample room for customization but also sits in an attractive location that enhances its investment appeal. With thoughtful renovations, it can become a comfortable family home or a lucrative rental opportunity. Viewing is strongly encouraged to appreciate the spacious accommodation and endless potential this property has to offer.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -5.3% below area average per sq ft

-5.3%
Potential saving
This Property
£214/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.3%

Renovation Potential

Est. Renovation Cost
£41,000 - £102,500
10-25% of property value
Target Value
£476,174
10% above area average per sq ft
Potential ROI
-7.1%
After renovation
Monthly Sales
52
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (LA1)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 9.0%
5 year growth: 26.6%
Investment Disclaimer: Analysis based on LA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Belle Vue Terrace, Lancaster LA1
Map showing location of Belle Vue Terrace, Lancaster LA1
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