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Greenfield Street, Lancaster | A Solid Terrace Offering Space, Character and Opportunity! - Image 8
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Greenfield Street, Lancaster | A Solid Terrace Offering Space, Character and Opportunity!

North West

£120,000
Listed on 17/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
667 sqft

Description

Nestled just off Lancaster city centre, Greenfield Street embodies a neighbourhood that balances local convenience with a welcoming atmosphere. This area, characterized by traditional terraced homes, is situated within easy walking distance to essential amenities such as shops, cafes, and public transportation. The proximity to key locations like the train station and university makes it highly attractive for various buyers, including investors looking for renovation opportunities. This traditional two-bedroom terrace presents a solid foundation ripe for enhancement. The entrance welcomes you into a lobby that transitions into a spacious open-plan living and dining area, where some original features—like exposed floorboards and a charming stone fireplace with wood-burning stove—offer glimpses of its inherent character. At the rear, the kitchen is divided into two sections, allowing for potential reconfiguration to create a more cohesive cooking environment. The backyard provides an enclosed space perfect for those keen on landscaping or simple outdoor use while still maintaining access to shared areas. The first floor comprises two well-sized bedrooms filled with natural light and an outdated yet functional bathroom ready for modernization. Overall, this property serves as an excellent canvas for those wishing to add personal touches or increase its value through thoughtful renovations, making it particularly suitable for first-time buyers or savvy investors eager to tap into the local market’s potential.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -21.0% below area average per sq ft

-21.0%
Potential saving
This Property
£180/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£167,100
10% above area average per sq ft
Potential ROI
+4.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Greenfield Street, Lancaster | A Solid Terrace Offering Space, Character and Opportunity!
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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
£433
Based on a loan of £90,000 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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