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The Grove, Lancaster

North West

£400,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Terraced house

Description

Nestled on a serene, tree-lined avenue just moments from Lancaster city centre, this substantial Victorian property presents a compelling opportunity for those looking to invest in a character-rich family home. With a wealth of original features including soaring ceilings and an elegant entrance hallway, this residence possesses both charm and potential. Owned by the same family for over fifty years, it awaits a new owner to breathe fresh life into its traditional framework. A thoughtful modernization could see this historic dwelling restored to its former magnificence, especially considering the rarity of such homes becoming available in this desirable location. Upon entering, you are greeted by an inviting vestibule showcasing original tiled flooring that transitions into a spacious hallway. The lounge boasts a grand bay window that invites natural light, while the dining room offers lovely views over the garden. A versatile third reception room, previously serving as a breakfast area, seamlessly connects to the kitchen which provides direct access to the garden. Additionally, there is a cellar with adequate head height, ripe for conversion (subject to planning permissions). The first floor features four spacious bedrooms along with a family bathroom. Outdoors, the cottage-style walled garden is adorned with mature trees and plantings, creating a peaceful retreat. This property is offered with no onward chain and represents a unique chance to acquire an enviable residence on such a sought-after private road, enriched with potential and conveniently located near the city centre.

Investment Analysis

(LA1 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

The Grove, 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
£1,465
Based on a loan of £300,000 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