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7 High Street, Lancaster

North West

£325,000
Listed on 28/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1561 sqft

Description

This Grade II listed mid-terraced house presents a unique opportunity for renovation and investment, combining historical charm with the potential for modern updates. Its traditional stone facade and beautifully crafted windows create an inviting exterior, while interior features such as high ceilings and period details enhance the sense of character throughout the spacious reception areas. Abundant natural light pours in through large windows, fostering a warm and welcoming environment. Located in the vibrant center of Lancaster, this property benefits from easy access to a range of cultural offerings, independent shops, cafes, and restaurants. Families will appreciate being close to highly regarded local schools, including Lancaster Boys' and Girls' Grammar Schools, along with several excellent primary options. Proximity to Lancaster University and the University of Cumbria further enhances the appeal for students or academic professionals. Commuters will find convenience with nearby Lancaster train station providing direct services to London in approximately 2.5 hours, alongside excellent connections to the M6 motorways via Junctions 33 and 34. Inside, the layout includes a bright sitting room and dining area that can be reimagined to suit personal taste or lifestyle needs. The kitchen offers a practical space that connects directly to a patio garden, promoting seamless indoor-outdoor living. The first floor accommodates a spacious double bedroom along with both a bathroom and shower room—ideal for busy households—while two additional generously sized bedrooms occupy the second floor. The versatile attic room on the third level features exposed beams and a Velux window, making it perfect as an office or creative studio. The property's two expansive basement rooms provide further potential for transformation into functional spaces tailored to individual requirements—be it storage solutions or livable areas upon renovation. A dedicated residents’ car park is available at the rear of the property as well. With its fusion of historic elegance within a central locale—coupled with ample opportunities for upgrades—this charming home stands ready for its next chapter. This property holds considerable promise as both a family residence or an investment venture in an area ripe with potential.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -8.4% below area average per sq ft

-8.4%
Potential saving
This Property
£208/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£390,383
10% above area average per sq ft
Potential ROI
+1.4%
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

7 High 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
£1,191
Based on a loan of £243,750 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