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1 Castle Hill, Lancaster, LA1 1YS - Image 1
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1 Castle Hill, Lancaster, LA1 1YS

North West

£395,000
Listed on 30/12/2025

Property Details

Bedrooms
5
Type
Terraced house
Area
3822 sqft

Description

This historic Grade II listed building offers a significant renovation opportunity across three spacious floors and a cellar, making it suitable for various uses such as a stunning townhouse, multiple apartments, or even office space, pending necessary permissions. Located in the heart of the city on Castle Hill, it enjoys limited traffic due to its no-through road status while being within walking distance of local amenities and transport. The property features original architectural elements from 1770, though it has been in need of comprehensive refurbishment since suffering fire damage in 1985. The ground floor includes an expansive reception area and additional living spaces that connect to a small private courtyard at the rear. The first and second floors house several bedrooms and bathrooms, with many featuring charming views over the city rooftops. Given its unique attributes and prime location adjacent to historical landmarks such as Lancaster Castle, this property presents a rare investment opportunity for those looking to restore a piece of history.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -54.6% below area average per sq ft

-54.6%
Potential saving
This Property
£103/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£957,507
10% above area average per sq ft
Potential ROI
+75.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (LA1)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +2.7%
5 year growth: +20.9%
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

1 Castle Hill, Lancaster, LA1 1YS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,425
Based on a loan of £296,250 over 30 years at 4.06% 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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