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Ullswater Road, Lancaster, Lancashire, LA1

North West

£180,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1206 sqft

Description

This substantial three-storey home presents a unique opportunity for those looking to invest in a property with significant renovation potential. Featuring three generously sized double bedrooms, this Freehold residence offers ample living space across its expansive layout, making it ideal for families or investors seeking a project in a highly desirable area. One of the notable highlights of this property is the top-floor rear bedroom, which features impressive panoramic views stretching from Lancaster to Morecambe Bay. This rare vantage point adds considerable appeal to the home, offering a delightful aspect that could be further enhanced with thoughtful design and renovation. The exterior of the property includes a large west-facing garden, perfect for gardening enthusiasts or those envisioning an outdoor space for relaxation and entertainment. Additionally, an undercroft store room provides extra storage options and hints at potential for further development. A cellar is also present, adding even more utility and flexibility to the home's overall functionality. While the property does require updating, its generous size and strategic location within Freehold—an area known for its family-friendly environment—position it as a smart investment opportunity. Priced appropriately to account for necessary renovations and available chain-free, this home promises a straightforward purchasing process for buyers eager to make their mark. With vision and creativity, this residence could be transformed into a standout home in one of Lancaster's most sought-after neighborhoods. Don’t overlook this prospect to craft a tailored living space that reflects your style while benefiting from the area's inherent charm.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -34.4% below area average per sq ft

-34.4%
Potential saving
This Property
£149/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£301,603
10% above area average per sq ft
Potential ROI
+37.1%
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 +1.9% 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

Ullswater Road, Lancaster, Lancashire, LA1
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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
£659
Based on a loan of £135,000 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