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Earl Street, Lancaster

North West

£79,950
Listed on 25/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
753 sqft

Description

This two-bedroom mid-terraced home presents a considerable renovation opportunity for investors or those seeking a property to modernize. Located north of the River Lune, the house benefits from a community atmosphere while being within reach of local amenities and transport links. The layout features a traditional design with a lounge and dining room on the ground floor, both equipped with gas fires that could be refurbished to enhance coziness and character. A kitchen at the rear offers ample space for future upgrades, featuring existing base units and plumbing for appliances. Access to the cellar provides additional storage or potential for further development. Upstairs, two well-proportioned bedrooms benefit from natural light through UPVC double-glazed windows, creating potential for cheerful living spaces once renovated. The first-floor bathroom includes a three-piece suite and a cupboard housing the water tank, which could be transformed into a more modern facility. Externally, the property includes a rear yard enclosed by stone walls and access to a service alley. On-street parking is available out front under the Residents Permit Scheme, adding convenience for occupants. This property is being sold with no onward chain and is restricted to cash buyers only, making it an appealing project for those looking to invest in renovations that could significantly increase its value. With a strategic vision and investment into needed updates, this home has the potential to become an attractive residence or rental property in an inviting neighborhood.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -53.3% below area average per sq ft

-53.3%
Potential saving
This Property
£106/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£188,314
10% above area average per sq ft
Potential ROI
+17.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Earl Street, 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
£293
Based on a loan of £59,962 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