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De Vitre Street, Lancaster

North West

£124,950
Listed on 31/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
861 sqft

Description

This three-bedroom end-terraced property spans three floors and is conveniently located within walking distance of Lancaster city centre, offering both accessibility and the charm of urban living. With potential for modernization, this home represents a compelling opportunity for buyers interested in renovation projects or investment opportunities. The layout incorporates a variety of functional spaces. On the ground floor, you will find a lounge with original features, including built-in cupboards and a wall-mounted gas fire, alongside a separate dining room that receives ample natural light from its front-facing window. The kitchen, while in need of updates, includes essential amenities such as wall and base units, plumbing for a washing machine, and space for an electric cooker and fridge freezer. As you ascend to the first floor, there are two double bedrooms that can easily be transformed into personal sanctuaries with contemporary design elements. The loft room on the second floor offers additional versatility and could serve as a third bedroom or a dedicated office space. The property includes an enclosed rear garden sheltered by high stone walls, providing privacy and potential for landscaping or outdoor projects. Street parking is available through the Lancaster Resident Permit Parking Scheme, which adds convenience for residents. Overall, this property not only offers a comfortable living space but also holds significant renovation potential that can be tailored to your preferences. With gas central heating already installed and essential services connected, it provides a solid foundation for those looking to invest in a project that could yield attractive returns or create the ideal living environment.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -36.1% below area average per sq ft

-36.1%
Potential saving
This Property
£145/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£235
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£215,086
10% above area average per sq ft
Potential ROI
+34.5%
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 +1.8% over the last 12 months
3 year growth: 7.4%
5 year growth: 23.0%
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.

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Location

De Vitre Street, Lancaster
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