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Balmoral Road, Lancaster

North West

£170,000
Listed on 10/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
731 sqft

Description

This two-bedroom terraced home in a highly sought-after area of Lancaster presents a unique opportunity for renovation and investment. Its proximity to the city center makes it appealing for those seeking both convenience and potential. The property features a lower ground floor basement room, which can be transformed into a versatile space—whether as an extra living area, productive office, or dedicated hobby room. The main level includes a welcoming dining room highlighted by a striking stone fireplace with an inset wood-burning stove, creating an inviting atmosphere for gatherings. Adjacent is the separate lounge, equipped with an open fireplace that further enhances the home’s traditional charm. The kitchen is functional with ample storage in its range of wall and base units and offers essential appliances like an integrated fridge and gas hob. Access to the rear yard from the kitchen allows for easy outdoor enjoyment and features a practical storage shed. On the first floor, you will find two well-proportioned bedrooms served by a centrally located bathroom equipped with both a bath and electric shower. Natural light filters through double-glazed windows in each room, contributing to a bright and airy feel throughout. While this property could benefit from some modernization, it is precisely this need for updates that offers buyers the chance to inject their own style and flair into the space. Located near excellent local amenities, reputable schools, and convenient transport links, this home is particularly suited for first-time buyers or investors looking to capitalize on its potential within one of Lancaster's vibrant neighborhoods. Additionally, the property comes with no onward chain, streamlining the buying process for interested parties looking to make their mark in this historic city.

Investment Analysis

(LA1 area)

Above Market Value

This property is priced +2.9% above area average per sq ft

+2.9%
This Property
£233/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.3%

Renovation Potential

Est. Renovation Cost
£17,000 - £42,500
10-25% of property value
Target Value
£181,767
10% above area average per sq ft
Potential ROI
-14.5%
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

Balmoral Road, Lancaster
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