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Meadow Park, Lancaster LA2

North West

£165,000
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
678 sqft

Description

This charming two-bedroom semi-detached bungalow is located in the sought-after area of Galgate, known for its community feel and convenient access to local amenities and public transport. While the property is in need of updating, it offers a substantial canvas for renovation, making it an attractive prospect for both homeowners and investors looking to enhance its value. The interior features an entrance hallway that leads into a spacious lounge, perfect for relaxation or entertaining. The kitchen provides ample space for modern upgrades, while the two bedrooms offer flexibility for use as guest rooms or a home office. A bathroom completes the living space, allowing potential buyers to reconfigure as needed. Outside, the property includes a driveway that leads to a garage, providing valuable off-street parking and additional storage options. The rear garden presents an opportunity for landscaping and outdoor improvements, enhancing the overall appeal of the home. With its prime location and significant potential for renovation, this bungalow stands out as a promising investment opportunity in a thriving residential area.

Investment Analysis

(LA2 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£243/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£205,058
10% above area average per sq ft
Potential ROI
+0.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LA2)

Area prices are rising by +6.1% over the last 12 months
3 year growth: 13.0%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on LA2 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

Meadow Park, Lancaster LA2
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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
£604
Based on a loan of £123,750 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