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Eastham Street, Lancaster

North West

£160,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terrace three-bedroom home in South Lancaster presents an exceptional opportunity for renovation and investment. Its layout includes two spacious reception rooms on the ground floor, complemented by a functional galley kitchen and a convenient shower room. Upstairs, you’ll find three well-sized bedrooms that can easily accommodate families or serve as rental spaces. Situated in a sought-after area, this property benefits from proximity to the city center, ensuring easy access to local amenities, public transport links, schools, and universities. These location advantages make it particularly appealing for both first-time buyers and investors looking to capitalize on the area's high demand for rental properties. While the home is in need of some updates, it offers significant potential for value enhancement. Personal touches could transform this residence into an attractive living space tailored to modern preferences or optimize its rental appeal. The property comes with a strong letting history, further highlighting its investment viability. Recent improvements include a new roof and completed damp works, alongside essential upgrades to the bathroom and kitchen extractors. With no onward chain and an inviting canvas ready for your vision, this property stands out as a promising prospect in a vibrant community.

Investment Analysis

(LA1 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
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 +1.9% over the last 12 months
3 year growth: 5.5%
5 year growth: 22.1%
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.

Location

Eastham Street, Lancaster
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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