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Lune Road, Lancaster, Lancashire

North West

£115,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This charming stone terrace, situated near the heart of Lancaster, presents an excellent opportunity for those looking to invest in a property with renovation potential. Spanning three floors, this home features two spacious reception areas and a functional cellar that can be repurposed for additional storage or living space. The main living room boasts a bay window, creating a light-filled environment, while the adjoining second reception leads into a lengthy kitchen that opens up to a private rear yard—ideal for outdoor enhancements or landscaping. On the upper floors, you will find two comfortable bedrooms along with modern shower facilities. With its characterful features and ample room for customization, this home invites buyers to make it their own. Positioned on a well-established residential street, this property is conveniently close to local amenities such as shops, eateries, and schools. Additionally, the scenic River Lune and Williamson Park are within walking distance, providing green spaces for leisure activities. Its proximity to schools and universities makes it attractive not only to first-time buyers but also to investors aiming for rental opportunities. The excellent transport links—including nearby bus services and the railway station—facilitate easy commutes to surrounding areas and major roads like the M6. This property offers both convenience and potential for those willing to undertake updates.

Investment Analysis

(LA1 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£219
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LA1)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -0.8%
5 year growth: +14.5%
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

Lune Road, Lancaster, Lancashire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-11.5% since listed
£115,000£10,000(-8.0%)
22/01/2026
Current price
£125,000£5,000(-3.8%)
20/01/2026
£130,000Initial listing
29/12/2025

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