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Prospect Drive, Hest Bank, Lancaster, Lancashire, LA2 - Image 1
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Prospect Drive, Hest Bank, Lancaster, Lancashire, LA2 - Image 3
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Prospect Drive, Hest Bank, Lancaster, Lancashire, LA2

North West

£550,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1995 sqft

Description

Nestled in a sought-after area of Hest Bank, this three-bedroom bungalow offers a unique canvas for those interested in renovation or investment opportunities. Positioned away from the main road and accessed via a long, single-track driveway, the property provides a sense of seclusion while still being conveniently located. The exterior features a distinctive terracotta slate roof, lending character to the home that is reminiscent of classic cottage architecture. Inside, you’ll find an array of original details including exposed timber beams and stained glass windows. The living spaces include a generous living room with views of the surrounding gardens, a separate dining room, and a kitchen-diner that offers functional space. A conservatory is also present but could benefit from some refurbishment to enhance its appeal as an inviting spot to enjoy the natural surroundings. The layout encompasses three bedrooms and practical amenities such as an annex area, an entrance porch with additional storage, and an extra toilet and bathroom. A single garage adds convenience to the property. Surrounding the bungalow are expansive wraparound gardens that feature mature landscaping and an orchard. These outdoor spaces not only contribute to the property’s charm but also present various possibilities for development. Whether you’re contemplating a complete redevelopment (subject to planning permission), a thoughtful update of the existing structure, or creating additional outbuildings for personal use or rental potential, this plot holds remarkable promise. Opportunities like this—offering both privacy and versatility—in such a desirable location are rare. An in-person visit is recommended to fully appreciate the potential this property has to offer for future enhancement or investment growth.

Investment Analysis

(LA2 area)

Above Market Value

This property is priced +0.3% above area average per sq ft

+0.3%
This Property
£276/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£211
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£603,378
10% above area average per sq ft
Potential ROI
-2.7%
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

Prospect Drive, Hest Bank, Lancaster, Lancashire, 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
£2,015
Based on a loan of £412,500 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