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Thirlmere Road, Lancaster - Image 1

Thirlmere Road, Lancaster

North West

£120,000
Listed on 21/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
893 sqft

Description

This three-bedroom ex-council property presents a significant opportunity for renovation and value enhancement. With its spacious layout, including three sizeable bedrooms and two reception areas, the home serves as a perfect blank slate for both investors and buyers looking to craft a distinctive living space. The dining room opens through patio doors to the rear garden, offering possibilities for an inviting kitchen/diner or seamless indoor-outdoor entertaining area. Unique features such as two entrances and hallways invite creative reconfiguration options, whether it’s a utility room to keep everyday items organized or a functional boot room to manage outdoor gear. The ample storage throughout further enhances the transformation potential of this property. While the house requires comprehensive renovation work, its solid structure and abundant space assure that it could evolve into either an exceptional family home or a lucrative investment venture. Outside, the low-maintenance front garden and sizeable yet overgrown rear garden hold immense promise for creating appealing outdoor spaces that complement modern living. Located in the desirable Ridge area, close to amenities, transport links, and schools, this property is poised for its next chapter with those ready to invest their vision and creativity.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -41.0% below area average per sq ft

-41.0%
Potential saving
This Property
£134/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£223,719
10% above area average per sq ft
Potential ROI
+1.7%
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

Thirlmere Road, Lancaster
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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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