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Parkfield Drive, Lancaster

North West

£225,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
753 sqft

Description

Nestled in the desirable Bowerham area on the south side of Lancaster, this three-bedroom semi-detached house presents a valuable opportunity for renovation and investment. While the property currently requires modernization, its potential is evident, particularly with the breathtaking rear views that extend toward the coast, providing a picturesque backdrop. Bowerham is a well-established residential neighborhood known for its accessibility to quality education and essential amenities. The property is within walking distance of local primary and secondary schools, including the prestigious Royal Grammar School and Girls Grammar School. Additionally, it is conveniently located near the Royal Lancaster Infirmary, Lancaster University, and the University of Cumbria, making it an ideal location for families and students alike. The home features gardens at both the front and rear, alongside a driveway and detached garage—facilities that enhance its appeal. The internal layout includes a through lounge dining room with dual aspect windows that capture natural light while showcasing those coastal views. A functional kitchen offers essential appliances and access to a pantry—perfect for aspiring homeowners looking to reimagine their living space. Upstairs, you will find three bedrooms with varying dimensions that are ripe for personalization. Each room benefits from natural light through double-glazed windows and ample power points. The bathroom features a basic three-piece suite which can be updated to meet modern standards. Overall, this property not only provides an opportunity for someone to create their ideal home but also stands as an attractive investment prospect in a sought-after location. With no onward chain, this home invites creative minds to envision its full potential in transforming it into something truly special.

Investment Analysis

(LA1 area)

Above Market Value

This property is priced +31.4% above area average per sq ft

+31.4%
This Property
£299/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
£188,314
10% above area average per sq ft
Potential ROI
-28.9%
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

Parkfield Drive, Lancaster
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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
£824
Based on a loan of £168,750 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